Share this article
Share this article
BOSTON, May 14, 2021 /PRNewswire/ Eaton Vance Floating-Rate Income Plus Fund (NYSE: EFF) (the Fund ) announced today the results of the annual meeting of shareholders held on May 14, 2021. Shareholders voted to approve the liquidation and termination of the Fund pursuant to the Plan of Liquidation and Termination (the Plan ) adopted by the Board of Trustees of the Fund. Shareholders also voted to elect four Class II trustees.
Liquidation. The Fund expects that, on June 18, 2021 (the Effective Date ), the proportionate interests of shareholders in the net assets of the Fund will be fixed on the basis of their respective holdings at the close of business on the Effective Date. The Fund expects the last day of secondary market trading of the Fund s shares will also be on or about June 18, 2021, and as such, prior to the opening of business on June 21, 2021, the Fund will cease trading on the New York Stock Exchange.
Share this article
Share this article
BOSTON, May 13, 2021 /PRNewswire/ At a special meeting of shareholders held on May 12, 2021 (the Special Meeting ), shareholders of Eaton Vance Senior Floating-Rate Trust (NYSE: EFR) (the Fund ) approved a new investment advisory agreement (the New Agreement ) with Eaton Vance Management, the Fund s investment adviser.
Initial Tender Offer. As previously announced on May 12, 2021, the Board authorized a conditional cash tender offer for up to 50% of the Fund s outstanding common shares at a price per share equal to 99% of the Fund s net asset value per share ( NAV ) as of the close of regular trading on the New York Stock Exchange ( NYSE ) on the date the tender offer expires, conditioned on Fund shareholders approving the New Agreement (the Initial Tender Offer ). This condition has now been met, and the Fund will commence the Initial Tender Offer by July 1, 2021 and purchase common shares tendered and accepted in the Initia
In Massachusetts, Ginkgo Bioworks and Soaring Eagle Acquisition Corp. have agreed to a business combination that will result in Ginkgo becoming a publicly-listed company. The transaction is expected to close in the third quarter of 2021.
The $15B valuation and $2.5B to Ginkgo in proceeds
The transaction implies a pre-money equity valuation for Ginkgo of $15.0 billion, and is expected to provide up to $2.5 billion of gross cash proceeds. Gross proceeds include Soaring Eagle’s $1.725 billion of cash in trust (subject to any redemptions by Soaring Eagle’s public shareholders) and $775 million in proceeds from a PIPE transaction priced at $10.00 per share of Class A common stock of Soaring Eagle to be funded immediately prior to the closing of the transaction.
The TSX is still in danger of a correction, so if you're worried about inflation, Imperial Oil stock in the energy sector usually performs better during inflationary periods.