Eaton Vance Floating-Rate Income Trust board exempts control share acquisitions after court ruling invalidates by-law

Eaton Vance Floating-Rate Income Trust

Board exempts all prior and future control share acquisitions from by-law provisions on a going-forward basis until further notice.
Decision follows January 23, 2023 Massachusetts Superior Court ruling that Control Share By-Law violates Section 18(i) of the Investment Company Act.
Litigation with Saba Capital Master Fund ongoing; four funds (EVF, EFR, EFT, EVV) are parties to the case.
Board will continue to monitor legal developments and may take additional actions as appropriate.

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