Income-Covered Closed-End Fund Report, April 2026: EFR And EFT Remain Attractive

Eaton Vance Senior Floating-Rate Trust leads income-covered CEFs, offering an -11.49% discount, 7.79% yield, and 104% coverage with a -1.5 z-score. EFR and EFT utilize variable distribution policies, closely tracking SOFR, which aligns payouts with portfolio income and minimizes surprise distribution cuts. Discounts on floating-rate CEFs like EFR and EFT widen as distributions decline, creating contrarian opportunities for investors anticipating rate cycle reversals.

Seeking Alpha • Apr 28, 2026

EFT: No Longer Makes Sense To Stay Invested (Rating Downgrade)

Eaton Vance Floating-Rate Income Trust faces continued headwinds, with a deeper-than-average 10.46% discount to NAV reflecting market concerns. EFT's 7.6% yield appears attractive, but ongoing dividend reductions and declining net investment income signal risk of further payout cuts if rates fall. Leverage remains high at 35.33% of assets, amplifying both return potential and risk, especially in a costly debt environment.

Seeking Alpha • Apr 27, 2026

CEF Market Weekly Review: Saba Calls Off A CEF Merger

We review the CEF market valuation and performance through the second week of April and highlight recent market action. CEFs rallied broadly with tightening discounts, now trading near historic averages, signaling improved sentiment across most sectors except MLPs. Saba's canceled BRW-SABA merger preserves relative value opportunities and maintains SABA's appeal due to its low fee structure and wider discount.

Seeking Alpha • Apr 19, 2026

EFT: Solid Senior Loan Fund, Even Though It Overpays Significantly

Eaton Vance Floating-Rate Income Trust manages $333M in net assets, totaling $515M in gross assets. EFT employs 34.3% leverage, sourced from $119M borrowings and $80M preferred shares, impacting its expense structure and risk profile. We examine the current setup and give you our take.

Seeking Alpha • Dec 29, 2025

Eaton Vance Declares Early Monthly Distribution for Eaton Vance Floating-Rate Income Trust

BOSTON--(BUSINESS WIRE)--Eaton Vance Floating-Rate Income Trust (the “Fund”) announced a distribution today as detailed below. Declaration – 12/19/2025 Ex-Date – 12/30/2025 Record – 12/30/2025 Payable – 1/15/2026   Fund Ticker Monthly Distribution Change From Prior Distribution Closing Market Price – 12/18/25 Distribution Rate at Market Price Eaton Vance Floating-Rate Income Trust EFT $0.0860 - $11.24 9.18% The declaration, record and payment dates of the regular January distribution has been a.

Business Wire • Dec 19, 2025

The Chemist's Triple-Factor Closed-End Fund Report, October 2025

The Triple-Factor CEF Report screens over 400 funds for high yield (>6.5%), strong coverage (>90%), and discount to NAV, balancing yield, sustainability, and value. Top lists include funds with widest discounts, best z-scores, highest yields, and best combined metrics, offering potential for price appreciation and enhanced yields. Explore top lists for further research; these shortlists are not final buy/sell recommendations. Always verify coverage ratios with official fund documents.

Seeking Alpha • Oct 25, 2025

Income-Covered Closed-End Fund Report, October 2025

This report screens ~400 closed-end funds for those with distribution coverage above 100%, aiming to identify lower-risk income opportunities for investors. Key metrics include premium/discount, z-score, leverage, baseline expense, and coverage. Top picks feature funds that offer high yields, deep discounts, and strong coverage, highlighting attractive value and income potential.

Seeking Alpha • Oct 21, 2025

Income-Covered Closed-End Fund Report, September 2025

This report screens ~400 closed-end funds (CEFs) for those with 100%+ net investment income coverage, highlighting lower risk of distribution cuts. Top lists identify CEFs with the widest discounts, most attractive z-scores, highest covered yields, and best combinations of value and income. Investors are encouraged to use these rankings as a starting point for due diligence, not as final buy or sell recommendations.

Seeking Alpha • Sep 22, 2025

EFT: Lower Rates Will Cause Distributions To Be Reduced

EFT offers high income via floating rate loans but faces headwinds from likely interest rate cuts, which could reduce distributions in 2025. The fund's returns rely almost entirely on distributions, as share price performance has lagged over the past decade. EFT trades at a slight discount to NAV, but this is not unusually attractive given its historical discount range and risk profile.

Seeking Alpha • Aug 28, 2025

EFT: Improved Valuation, But This Floater Fund Is Still A Sell

The Eaton Vance Floating-Rate Income Trust faces ongoing headwinds from expected Fed rate cuts, which will likely force further distribution reductions and pressure the share price. Despite a 9.2% yield and improved valuation, the fund's income and sustainability are at risk due to its reliance on floating-rate loans in a declining rate environment. The fund has exposure to fixed-rate securities, but these are very limited in quantity and are unlikely to offset the declining NII with capital gains.

Seeking Alpha • Jun 7, 2025