BOSTON, Feb. 19, 2021 /PRNewswire/ -- In connection
with the proposed acquisition of Eaton Vance Corp. (NYSE: EV) by
Morgan Stanley (NYSE: MS) announced on October 8, 2020, shareholders of Eaton Vance
Floating-Rate 2022 Target Term Trust (NYSE: EFL) (the "Fund") were
asked to approve a new investment advisory agreement for the Fund
at a special meeting of shareholders held on February 19, 2021 (the "Meeting").
The Meeting was adjourned to February 23,
2021 at 1:30 p.m. Eastern Time
to allow more time for shareholders to vote. The October 29, 2020 record date for shareholders
entitled to vote at the adjourned Meeting remains unchanged.
Shareholders of the Fund who have already voted do not need to take
further action.
If, as of October 29, 2020, you
were a Fund shareholder and you have not yet voted, the Fund urges
you to submit your vote in advance of the adjourned Meeting by one
of the methods described in the Fund's proxy materials. The Fund's
proxy statement is available online at
https://funds.eatonvance.com/closed-end-fund-and-term-trust-documents.php.
If, as of October 29, 2020, you
were a holder of record of the Fund's shares (i.e., you held
Fund shares in your own name directly with the Fund) and you wish
to participate in and vote at the adjourned Meeting, you should
email your full name and address to AST Fund Solutions, LLC ("AST")
at attendameeting@astfinancial.com. You will then be provided
with credentials to participate in the adjourned Meeting. You
will be able to vote by entering the control number found on the
proxy card you previously received. All requests to
participate in and/or vote at the adjourned Meeting must be
received by AST by no later than 3:00 p.m.
Eastern Time on February 22,
2021.
If, as of October 29, 2020, you
held the Fund's shares through an intermediary (such as a
broker-dealer) and you wish to participate in and vote at the
adjourned Meeting, you will need to obtain a legal proxy from your
intermediary reflecting the Fund's name, the number of Fund shares
held and your name and email address. You may forward an
email from your intermediary containing the legal proxy or attach
an image of the legal proxy to an email and send it to AST at
attendameeting@astfinancial.com with "Legal Proxy" in the subject
line. You will then be provided with credentials to
participate in the adjourned Meeting, as well as a unique control
number to vote your shares. If you would like to participate
in, but NOT vote at, the adjourned Meeting, please send an email to
AST at attendameeting@astfinancial.com with proof of ownership of
Fund shares. A statement, letter or the Vote Instruction Form
from your intermediary will be sufficient proof of ownership.
You will then be provided with credentials to participate in the
adjourned Meeting. All requests to participate in and/or vote
at the adjourned Meeting must be received by AST by no later than
3:00 p.m. Eastern Time on
February 22, 2021.
Please contact AST at attendameeting@astfinancial.com with any
questions regarding access to the adjourned Meeting, and an AST
representative will contact you to answer your questions.
The vote tabulations, as certified by the Fund's proxy
tabulator, AST Fund Solutions LLC, will be published in the Fund's
next report to shareholders.
The Fund's investment adviser is Eaton Vance Management, a
subsidiary of Eaton Vance Corp. ("Eaton Vance"). Eaton Vance
provides advanced investment strategies and wealth management
solutions to forward-thinking investors around the world. Through
principal investment affiliates Eaton Vance Management, Parametric,
Atlanta Capital, Calvert and Hexavest, the Company offers a
diversity of investment approaches, encompassing bottom-up and
top-down fundamental active management, responsible investing,
systematic investing and customized implementation of
client-specified portfolio exposures. As of December 31, 2020, Eaton Vance had consolidated
assets under management of $583.1
billion. For more information, visit eatonvance.com.
Shares of closed-end funds often trade at a discount from their
net asset value. The market price of Fund shares may vary from net
asset value based on factors affecting the supply and demand for
shares, such as Fund distribution rates relative to similar
investments, investors' expectations for future distribution
changes, the clarity of the Fund's investment strategy and future
return expectations, and investors' confidence in the underlying
markets in which the Fund invests. Fund shares are subject to
investment risk, including possible loss of principal invested. The
Fund is not a complete investment program and you may lose money
investing therein. An investment in the Fund may not be appropriate
for all investors. Before investing, prospective investors should
consider carefully the Fund's investment objective, strategies,
risks, charges and expenses.
This press release is for informational purposes only and is
not intended to, and does not, constitute an offer to purchase or
sell shares of the Fund. Additional information about the Fund,
including performance and portfolio characteristic information, is
available at eatonvance.com.
Statements in this press release that are not historical
facts may be forward-looking statements, as defined by the U.S.
securities laws. You should exercise caution in interpreting and
relying on forward-looking statements because they are subject to
uncertainties and other factors that may be beyond the Fund'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