BOSTON, Sept. 1, 2017 /PRNewswire/ -- Eaton
Vance Floating-Rate 2022 Target Term Trust (NYSE: EFL) (the
"Trust"), a target term trust, today announced its first monthly
distribution of $0.0396 per common
share. The Trust began trading on the NYSE on July 27, 2017. The distribution is expected to be
paid on September 29, 2017 to
shareholders of record on September 15,
2017. The ex-dividend date is September 14, 2017.
On an annualized basis, the Trust's initial distribution is
equivalent to an annual distribution rate of approximately 4.75% of
the Trust's initial public offering price of $10.00. The amount of monthly distributions may
vary depending on a number of factors. As portfolio and market
conditions change, the rate of future distributions may change.
The Trust is managed by Eaton Vance Management, a subsidiary of
Eaton Vance Corp. (NYSE: EV) which is a leading global asset
manager whose history dates to 1924. With offices in North America, Europe, Asia
and Australia, Eaton Vance and its
affiliates managed $405.6 billion in
assets as of July 31, 2017, offering
individuals and institutions a broad array of investment strategies
and wealth management solutions. For more information, visit
eatonvance.com.
Trust distributions may be affected by numerous factors,
including changes in Trust performance, the cost of financing,
portfolio holdings, realized and projected returns, and other
factors. There can be no assurance that an unanticipated change in
market conditions or other unforeseen factors will not result in a
change in the Trust's distributions at a future time.
A portion of the distributions may be comprised of amounts from
sources other than net investment income. If that is the case, you
will be notified in writing. Further information will be available
prior to the payment date at funds.eatonvance.com. The final
determination of tax characteristics of the Trust's distributions
will occur after the end of the year, at which time it will be
reported to the shareholders.
The Trust is a newly organized, diversified target term trust
with a limited operating history, treated as a closed-end
management investment company for regulatory purposes. Trust shares
are subject to investment risks, including possible loss of
principal invested. An investment in the Trust may not be
appropriate for all investors. There is no assurance that the Trust
will achieve its investment objectives. The objective to return the
Trust's Original NAV is not an express or implied guarantee
obligation of the Trust or any other entity. The market price of
Trust shares will be affected by factors influencing the supply and
demand for Trust shares, which may include changes in Trust
distributions, changing perceptions about the Trust and general
market conditions. The Trust is not a complete investment program
and you may lose money investing in the Trust.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the United States securities laws. You should
exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other
factors which are, in some cases, beyond the Trust's control and
could cause actual results to differ materially from those set
forth in the forward-looking statements.
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SOURCE Eaton Vance Management