Eaton Vance Senior Floating-Rate Trust Finalizes Tender Offer, Repurchasing 98-99% of Preferred Shares
EFR is trading near its 52-week low of $10.11 (3.6% above the low).
Summary
Eaton Vance Senior Floating-Rate Trust announced the final results of its tender offer, successfully repurchasing 98-99% of its outstanding Auction Preferred Shares at 98% of their liquidation preference.
Key Events · Financing and Capital Events · EFR
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Tender Offer Finalized
The fund announced the final results of its tender offer for Auction Preferred Shares (APS), which expired on May 29, 2026.
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Significant Preferred Share Repurchase
The fund repurchased between 98.23% and 99.87% of its outstanding Series A, B, C, and D Auction Preferred Shares.
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Repurchase at a Discount
The preferred shares were repurchased at a price of $24,500 per share, which is 98% of their $25,000 liquidation preference, plus accrued unpaid dividends.
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Reduced Financial Obligations
The successful completion of this tender offer significantly reduces the fund's preferred share liabilities and future dividend payment obligations.
Analysis · EFR · Unknown
Eaton Vance Senior Floating-Rate Trust has successfully completed its tender offer for its Auction Preferred Shares (APS), repurchasing nearly all outstanding shares across all series at a discount. This action significantly reduces the fund's preferred share liabilities and future dividend obligations, strengthening its capital structure.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 29% of the 1653 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EFR was trading at $10.47 on NYSE in the Unknown sector. The 52-week trading range was $10.11 to $12.21. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.