Want to track EFT and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
EFT: No Longer Makes Sense To Stay Invested (Rating Downgrade)
Eaton Vance Floating-Rate Income Trust faces continued headwinds, with a deeper-than-average 10.46% discount to NAV reflecting market concerns. EFT's 7.6% yield appears attractive, but ongoing dividend reductions and declining net investment income signal risk of further payout cuts if rates fall. Leverage remains high at 35.33% of assets, amplifying both return potential and risk, especially in a costly debt environment.
Seekingalpha | 2 months ago
