Welcome to our dedicated page for Eaton Vance Senior Income Trust news (Ticker: EVF), a resource for investors and traders seeking the latest updates and insights on Eaton Vance Senior Income Trust stock.
Eaton Vance Senior Income Trust (EVF) reports developments as a closed-end income fund in the Eaton Vance fund family. The fund’s business profile centers on current income from senior, secured floating-rate loans, including below-investment-grade loans that carry issuer credit risk.
Recurring news for EVF includes tender offers for common shares and auction preferred shares, NAV-based repurchase terms, shareholder meeting results, advisory-agreement approvals, trustee elections, and other governance actions. Updates also discuss fund-level capital structure topics such as preferred shares, net asset value, and exchange-listed common shares.
Eaton Vance Senior Income Trust (NYSE: EVF) will hold its Annual Meeting of Shareholders on October 14, 2021, at 11:30 a.m. Eastern Time via telephonic format due to COVID-19 concerns. Shareholders holding direct shares as of August 3, 2021 can vote by emailing their details for participation. Those holding shares through intermediaries must provide a legal proxy to vote. Requests to participate must be submitted by 3:00 p.m. Eastern Time on October 13, 2021. The Fund encourages early voting to streamline the process.
Eaton Vance Senior Income Trust (NYSE: EVF) announced the approval of a new investment advisory agreement during a special shareholder meeting on June 24, 2021. This approval allows the implementation of a conditional cash tender offer for up to 60% of the Fund's common shares at 99% of the net asset value. If shares tendered exceed 60%, purchases will be made on a pro rata basis. Additionally, the Fund plans to conduct cash tender offers for up to 10% of its shares in the following years if trading conditions trigger them. Shareholders should consider investment risks before participating.
The Board of Eaton Vance Senior Income Trust (NYSE: EVF) has authorized a conditional cash tender offer for up to 60% of its outstanding common shares at 99% of the net asset value (NAV). This offer hinges on shareholder approval of a new investment advisory agreement with Eaton Vance Management. If approved, the Initial Tender Offer will begin within 30 days. Additionally, the Fund plans yearly conditional tender offers through 2024 if shares trade at an average discount to NAV of over 10%. Shareholders will vote on the new agreement at a special meeting on June 24, 2021.
Saba Capital Management has reached an agreement with Eaton Vance Management concerning Eaton Vance Senior Income Trust (EVF), Eaton Vance Floating-Rate Income Trust (EFT), and Eaton Vance Senior Floating-Rate Trust (EFR). The Funds will conduct cash tender offers to repurchase up to 60%, 50%, and 50% of their outstanding shares at 99% of their net asset values (NAV). Additionally, conditional year-end tender offers for 10% of common shares at 98% of NAV will occur if specific discount conditions are met from 2022 to 2024.