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 Initial Tender Offer by August 13, 2021.