BOSTON, April 21, 2020 /PRNewswire/ -- Eaton Vance Floating-Rate Income Plus Fund (NYSE: EFF) (the "Fund") announced today the election of David Basile, Peter Borish and Charles I. Clarvit to the Fund's Board of Trustees (the "Board") at the Annual Meeting of Shareholders held on April 16, 2020. The three newly-elected Trustees, each nominated by Saba Capital Master Fund, Ltd. on behalf of itself and its investment adviser, Saba Capital Management, L.P., join eight continuing Trustees as members of the Board. At the Annual Meeting of Shareholders, a non-binding shareholder proposal for the Board to take necessary steps to declassify the Board so that all Trustees are elected on an annual basis was also approved. The Board will take the declassification proposal into consideration. The vote tabulations, as certified by First Coast Results, Inc., the Fund's independent inspector of election, will be published in the Fund's next report to shareholders.
The Fund's investment adviser is Eaton Vance Management, a subsidiary of Eaton Vance Corp. Eaton Vance Corp. (NYSE: EV) provides advanced investment strategies and wealth management solutions to forward-thinking investors around the world. Through principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital, Calvert and Hexavest, the Company offers a diversity of investment approaches, encompassing bottom-up and top-down fundamental active management, responsible investing, systematic investing and customized implementation of client-specified portfolio exposures. As of March 31, 2020, Eaton Vance had consolidated assets under management of $436.8 billion. For more information, visit eatonvance.com.
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 Fund 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. Before investing, prospective investors should consider carefully the Fund's investment objective, 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 www.eatonvance.com.
Statements in this press release that are not historical facts are 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 which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.
SOURCE Eaton Vance Management