BOSTON, March 24, 2021 /PRNewswire/ -- At a special
meeting of shareholders held on March 19,
2021 (the "Special Meeting"), shareholders of Eaton Vance
Floating-Rate Income Plus Fund (NYSE: EFF) (the "Fund") were asked
to approve a new investment advisory agreement for the Fund with
Eaton Vance Management ("EVM"), the Fund's investment
adviser. A quorum was not present at the Special
Meeting.
As announced on March 11, 2021,
the Fund's Board of Trustees (the "Board"), after considering
various options for the Fund, determined to approve 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. In light of
this announcement, the Special Meeting was not further adjourned
and has concluded.
EVM was formerly a wholly owned subsidiary of Eaton Vance Corp.,
which was acquired by Morgan Stanley (NYSE: MS) on March 1, 2021 (the "Transaction"). EVM is
now part of Morgan Stanley Investment Management, the asset
management division of Morgan Stanley. EVM continues to
manage the Fund under an interim investment advisory agreement (the
"Interim Agreement") that was approved by the Board. The
Interim Agreement took effect upon the closing of the Transaction
and may continue for a term of up to 150 days.
In connection with the Annual Meeting, the Fund intends to
file a definitive proxy statement with the U.S. Securities and
Exchange Commission ("SEC"). Shareholders are advised to read the
Annual Meeting proxy statement when it is available, because it
will contain important information. When filed with the SEC, the
proxy statement and other documents filed by the Fund will be
available free of charge on the SEC website, www.sec.gov. Copies of
the Annual Meeting proxy statement will also be mailed to each Fund
shareholder of record as of the Annual Meeting record date, which
is March 1, 2021.
About the Fund
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 the Fund's 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. Shares of the Fund are
not FDIC-insured and are not deposits or other obligations of, or
guaranteed by, any bank. 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