[SCHEDULE 13G/A] Eaton Vance Floating-Rate Income Trust SEC Filing

Rhea-AI Filing Summary

Schedule 13G/A (Amendment 1) reveals that Morgan Stanley and Morgan Stanley Smith Barney LLC have trimmed their stake in Eaton Vance Floating-Rate Income Trust (EFT).

• Current holding: 987,294 common shares.
• Percentage of class: 3.7%, now below the 5% reporting threshold.
• Control rights: 0 sole voting/dispositive power; full position subject to shared dispositive power.
• Event date: 30 Jun 2025; filing signed 6 Aug 2025.

The filing, made pursuant to Rule 13d-1(b), states both entities have “ceased to be the beneficial owner of more than five percent”. The reduced position implies a sale or dilution of roughly 1.3 ppt since the prior disclosure, modestly lessening Morgan Stanley’s influence over this closed-end fund.

Insights

Financial Analyst

TL;DR – Morgan Stanley cut EFT stake to 3.7%; neutral liquidity event rather than a strategy shift.

Morgan Stanley’s move below the 5% threshold removes the obligation for future 13G reporting unless ownership rises again. A 3.7% holding still represents meaningful exposure but signals reduced conviction or portfolio rebalancing. Because EFT is a closed-end fund, changes in institutional ownership rarely affect underlying NAV, yet lower concentrated ownership marginally widens the shareholder base. No new information on fundamentals, leverage or distribution policy is provided, so impact on EFT valuation should be limited.

Portfolio Manager

TL;DR – Stake reduction weakens a key holder; modestly negative sentiment for EFT shares.

Losing a >5% holder can pressure market liquidity, especially for a relatively thinly-traded closed-end fund. If Morgan Stanley sold into the open market, supply may weigh on pricing around the event date. However, the residual 3.7% stake cushions a full exit scenario. Absent other catalysts, this filing alone is unlikely to alter dividend coverage or discount-to-NAV dynamics, but near-term sentiment may skew slightly bearish.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Eaton Vance Floating-Rate Income Trust

(Name of Issuer)

Common Shares

(Title of Class of Securities)

278279104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 278279104

1

Names of Reporting Persons

Morgan Stanley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 987,294.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

987,294.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.7 %

12

Type of Reporting Person (See Instructions)

HC, CO

Comment for Type of Reporting Person: As of the date hereof, Morgan Stanley has ceased to be the beneficial owner of more than five percent of the class of securities.

SCHEDULE 13G

CUSIP No. 278279104

1

Names of Reporting Persons

Morgan Stanley Smith Barney LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 987,294.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

987,294.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.7 %

12

Type of Reporting Person (See Instructions)

BD, IA, CO

Comment for Type of Reporting Person: As of the date hereof, Morgan Stanley Smith Barney LLC has ceased to be the beneficial owner of more than five percent of the class of securities.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Eaton Vance Floating-Rate Income Trust
(b)	Address of issuer's principal executive offices: ONE POST OFFICE SQUARE, BOSTON, MA, 02109
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Morgan Stanley Smith Barney LLC
(b)	Address or principal business office or, if none, residence: 1: 1585 Broadway, New York, NY 10036 ;2: 1585 Broadway, New York, NY 10036
(c)	Citizenship: 1: Delaware 2: Delaware
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 278279104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 3.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.2
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morgan Stanley

Signature:	Chris O'Hara
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	08/06/2025

Morgan Stanley Smith Barney LLC

Signature:	David Galasso
Name/Title:	Authorized Signatory, Morgan Stanley Smith Barney LLC
Date:	08/06/2025

Exhibit Information

EXHIBIT NO. EXHIBITS ------------------ ------------------------------------ 99.1 Joint Filing Agreement 99.2 Item 7 Information * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).

FAQ

Why did Morgan Stanley file a Schedule 13G/A for EFT?

The amendment discloses a drop in ownership to 3.7%, falling below the 5% reporting threshold.

How many EFT shares does Morgan Stanley now own?

The firm reports 987,294 common shares with shared dispositive power.

Does Morgan Stanley still have voting control over EFT shares?

It lists 0 sole voting power and only 1 share with shared voting power; primary control relates to disposition, not votes.

Is Morgan Stanley exiting its EFT position entirely?

No. The filing notes they have “ceased to be the beneficial owner of more than five percent” but still hold 3.7% of the fund.

When did the ownership change occur?

The reportable event date is 30 June 2025; the filing was signed on 6 August 2025.