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BOSTON, March 11, 2021 /PRNewswire/ Eaton Vance Floating-Rate Income Plus Fund (NYSE: EFF) (the Fund ) announced today that the Fund s Board of Trustees (the Board ) has approved a plan of liquidation and termination of the Fund. The liquidation and termination pursuant to the plan will be submitted to Fund shareholders for approval at the Fund s annual meeting of shareholders (the Annual Meeting ), which is scheduled to be held on May 14, 2021. The Board recommends that shareholders vote for the liquidation and termination at the Annual Meeting. The Board has set a record date of March 1, 2021 (the Record Date ) for determining those shareholders of the Fund entitled to notice of, and to vote at, the Annual Meeting, or at any adjournment or postponement thereof.
Eaton Vance Floating-Rate Income Plus Fund Announces Board Approval of Plan of Liquidation and Termination prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
About the Level Distribution Policy
In March 2019, the Fund s Board of Trustees (the Board ) approved a level distribution policy (the Level Distribution Policy ) under which the Fund makes monthly distributions to stockholders at a constant and fixed (but not guaranteed) rate that will reset annually to a rate calculated based on the average of the Fund s NAV per share (the Distribution Amount ), as reported for the final five trading days of the month preceding the announcement of distributions. The Distribution Amount applicable to Q1 2021 was reset based upon the results of the distribution rate calculation. The Distribution Amount applicable for future periods may be reset based upon the results of the distribution rate calculation.