CEF Market Weekly Review: The Key Factors Driving NII

We review the CEF market valuation and performance through the fourth week of April and highlight recent market action. CEF markets faced renewed risk aversion, with sector discounts widening to historical averages and MLPs and Convertibles led to the upside. Western Asset CEFs' NII remained largely stable; key drivers include short-term rate direction, liability management, and overdistribution.

Seeking Alpha • May 4, 2026

Eaton Vance Limited Duration Income Fund, Eaton Vance Senior Floating-Rate Trust, and Eaton Vance Senior Income Trust Announce Tender Offers for Outstanding Auction Preferred Shares

BOSTON--(BUSINESS WIRE)--Eaton Vance Limited Duration Income Fund (NYSE American: EVV), Eaton Vance Senior Floating-Rate Trust (NYSE: EFR), and Eaton Vance Senior Income Trust (NYSE: EVF) (each a “Fund,” and together, the “Funds”) announced that each Fund today commenced a voluntary tender offer (each, a “Tender Offer” and together, the “Tender Offers”) for up to 100% of its outstanding auction preferred shares (“APS”) at a price per share equal to 98% of the APS liquidation preference of $25,0.

Business Wire • Apr 30, 2026

EVF: Discounted Valuation But Limited Appeal As Rates Decline

Eaton Vance Senior Income Trust remains a hold, as its floating-rate loan focus faces headwinds from likely declining interest rates and shrinking distributions. EVF trades at an 8.7% discount to NAV and offers an 8.7% yield, but its aggressive leverage and below-investment-grade holdings increase risk. Distributions are covered by net investment income, but payouts are expected to decline as rates fall, and income is taxed as ordinary dividends.

Seeking Alpha • Nov 21, 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

EVF: Distribution Cuts Likely To Continue

Eaton Vance Senior Income Trust's appeal as a floating rate income fund is waning due to anticipated interest rate cuts, which threaten both earnings and dividend sustainability. Despite an attractive 8.9% yield and monthly payouts, the fund has a history of dividend reductions and inconsistent coverage, undermining its value proposition. EVF's high exposure to below-investment-grade loans and use of leverage increase risk, especially if defaults rise or rates remain high.

Seeking Alpha • Jul 16, 2025

CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains

We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity and Muni sectors, and year-to-date gains in both NAVs and discounts. We take a look at why preferred CEFs have sharply outperformed their ETF counterparts last year.

Seeking Alpha • Feb 15, 2025

EVF: Lacks Appeal In Today's Environment

EVF is a leveraged loan CEF with a classic build, currently trading at a premium to NAV, but expected to revert to a discount. The fund's high beta nature and smaller size suggest larger drawdowns in risk-off markets, exacerbated by potential outflows as rates decrease. Despite a compelling yield above 7.75% at the Fed neutral rate, the CEF's dividends will likely decrease as the Fed continues monetary easing.

Seeking Alpha • Dec 2, 2024

Eaton Vance Declares Early Monthly Distributions and Special Distributions for Certain Eaton Vance Closed-End Funds

BOSTON--(BUSINESS WIRE)--Eaton Vance closed-end funds (each, a “Fund” and collectively, the “Funds”) announced distributions today as detailed below. Declaration – 12/18/2023 Ex-Date – 12/27/2023 Record – 12/28/2023 Payable – 1/15/2024   Fund Ticker Monthly Distribution Special Distribution Total Distribution Eaton Vance Floating-Rate Income Trust EFT $0.1180 $0.0396 $0.1576 Eaton Vance Senior Floating-Rate Trust EFR $0.1210 $0.0000 $0.1210 Eaton Vance Senior Income Trust EVF $0.0610 $0.0000 $0.

Business Wire • Dec 18, 2023