Eaton Vance Floating-Rate Opportunities Fund to Liquidate This Summer
The board for Eaton Vance Floating-Rate Opportunities Fund, a closed-end interval fund sponsored by global asset manager Eaton Vance, has announced the liquidation of the fund, a process expected to be completed on or about Aug. 15, 2025.
Effective at close of business on June 18, shares of the interval fund will no longer be available for purchase or exchange. Following this date, the fund will commence the formal liquidation process, winding up its business and operations.
During this period, the fund reported that it will deviate from its stated investment objective and limitations and will not engage in normal business activities. Its sole focus will be on the winding up of its affairs, settling liabilities, and distributing its remaining assets to shareholders. A portion of its assets may be temporarily invested in cash and/or money market instruments in anticipation of the liquidation.
Shareholders holding fund shares in a non-qualified account have two options. Prior to June 18, shareholders may choose to exchange their fund shares for the same class of shares of another fund within the Eaton Vance family of funds. Otherwise, shareholders who take no action will have their fund shares redeemed at net asset value on the liquidation date.
The interval fund, which commenced operations in September 2023, described itself as “an alternative credit strategy pursuing a high level of current income.” The fund sought to provide curated access to investment opportunities across a full range of floating-rate credit investments managed by Eaton Vance. The fund explored a range of investments that seek to deliver a higher return than typically found in daily redemption mutual funds. Exposure to senior loans and debt tranches of collateralized loan obligations served as centerpieces of its credit strategy.
The interval fund reported $58.96 million in assets of May 30, 2025, and a net asset value of $10.07 as of June 12.
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