Income-Covered Closed-End Fund Report, April 2026: EFR And EFT Remain Attractive
Eaton Vance Senior Floating-Rate Trust leads income-covered CEFs, offering an -11.49% discount, 7.79% yield, and 104% coverage with a -1.5 z-score. EFR and EFT utilize variable distribution policies, closely tracking SOFR, which aligns payouts with portfolio income and minimizes surprise distribution cuts. Discounts on floating-rate CEFs like EFR and EFT widen as distributions decline, creating contrarian opportunities for investors anticipating rate cycle reversals.
1607 Capital Partners LLC Purchases New Stake in Eaton Vance Senior Floating-Rate Trust $EFR
1607 Capital Partners LLC acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust (NYSE: EFR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 332,089 shares of the company's stock, valued at approximately $3,799,000. Several
