0001752724-21-162582.txt : 20210802
0001752724-21-162582.hdr.sgml : 20210802
20210802125654
ACCESSION NUMBER: 0001752724-21-162582
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 3
CONFORMED PERIOD OF REPORT: 20210531
FILED AS OF DATE: 20210802
DATE AS OF CHANGE: 20210802
EFFECTIVENESS DATE: 20210802
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Eaton Vance Floating-Rate Income Trust
CENTRAL INDEX KEY: 0001288992
IRS NUMBER: 000000000
FISCAL YEAR END: 0531
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-21574
FILM NUMBER: 211135387
BUSINESS ADDRESS:
STREET 1: TWO INTERNATIONAL PLACE
CITY: BOSTON
STATE: MA
ZIP: 02110
BUSINESS PHONE: 617-482-8260
MAIL ADDRESS:
STREET 1: TWO INTERNATIONAL PLACE
CITY: BOSTON
STATE: MA
ZIP: 02110
N-CEN
1
primary_doc.xml
X0404
N-CEN
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0001288992
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811-21574
false
false
false
N-2
Eaton Vance Floating-Rate Income Trust
811-21574
0001288992
HQOIMOIFYDO5NKVU2640
TWO INTERNATIONAL PLACE
BOSTON
02110
US-MA
US
617-482-8260
State Street Bank and Trust Company
1 Lincoln Street
Boston
02111
617-786-3000
Custody and Accounting Records.
N
N
N-2
Y
William H. Park
000000000
N
Cynthia E. Frost
000000000
N
Helen Frame Peters
000000000
N
Scott E. Wennerholm
002398744
N
George J. Gorman
000000000
N
Mark R. Fetting
000733409
N
Thomas E. Faust Jr.
002843249
Y
Keith Quinton
000000000
N
Valerie A. Mosley
000000000
N
Susan J. Sutherland
000000000
N
Marcus L. Smith
000000000
N
Richard F. Froio
002214598
Two International Place
Boston
02110
XXXXXX
N
N
N
N
Eaton Vance Distributors, Inc.
8-47939
000037731
5493008E3UZUI6J6EL94
Y
N
Deloitte & Touche LLP
34
00000000000000000000
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N
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Eaton Vance Floating-Rate Income Trust
HQOIMOIFYDO5NKVU2640
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0
0
0
N/A
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N
Y
N
N/A
N/A
N/A
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 32a-4 (17 CFR 270.32a-4)
N
N
N
N
Eaton Vance Management
801-15930
000104859
549300RJ0CSL5M1B7J96
N
American Stock Transfer & Trust Company, LLC
084-00416
254900TS5EWP83BEOU02
N
N
N
PricingDirect Inc.
549300WIC0TOJ7N7GD54
N
Refinitiv US Holdings Inc.
549300NF240HXJO7N016
N
ICE Data Services, Inc.
13-3668779
Tax ID
N
N
State Street Bank and Trust Company (Edinburgh, GB, Branch)
571474TGEMMWANRLN572
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Clearstream Banking S.A.
549300OL514RA0SXJJ44
LU
N
Y
Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)
Euroclear Bank
549300OZ46BRLZ8Y6F65
BE
N
Y
Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)
Royal Bank of Canada
ES7IP3U3RHIGC71XBU11
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
State Street Trust Company Canada
549300L71XG2CTQ2V827
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
Credit Suisse (Schweiz) AG
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
American Stock Transfer & Trust Company, LLC
254900TS5EWP83BEOU02
N
N
N
Eaton Vance Management
549300RJ0CSL5M1B7J96
Y
N
N
0.00000000
Goldman Sachs & Co. LLC
8-129
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FOR8UP27PHTHYVLBNG30
40847104.12000000
Credit Suisse Securities (USA) LLC
8-422
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1V8Y6QCX6YMJ2OELII46
38870881.61000000
Barclays Capital Inc.
8-41342
000019714
AC28XWWI3WIBK2824319
41319338.45000000
Citigroup Global Markets Inc.
8-8177
000007059
MBNUM2BPBDO7JBLYG310
21349120.28000000
J.P. Morgan Securities LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
98221300.97000000
UBS Securities LLC
8-22651
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T6FIZBDPKLYJKFCRVK44
13060164.10000000
Deutsche Bank Securities Inc.
8-17822
000002525
9J6MBOOO7BECTDTUZW19
21929104.39000000
BofA Securities, Inc.
8-69787
000283942
549300HN4UKV1E2R3U73
44626027.97000000
Morgan Stanley & Co. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
19940498.61000000
Jefferies LLC
8-15074
000002347
58PU97L1C0WSRCWADL48
13436245.41000000
411955351.11000000
N
559142868.27538461
Preferred stock
Eaton Vance Floating-Rate Income Trust
Common stock
Eaton Vance Floating-Rate Income Trust
N
N
N
N
N
N
1.17000000
2.24000000
14.28000000
14.56000000
true
true
INTERNAL CONTROL RPT
2
NCEN_811-21574_8362915601.txt
REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM
To the Trustees and Shareholders of Eaton Vance Floating-Rate
Income Trust:
In planning and performing our audit of the financial statements
of Eaton Vance Floating-Rate Income Trust (the "Trust") as of
and for the year ended May 31, 2021, in accordance with the
standards of the Public Company Accounting Oversight Board
(United States) (PCAOB), we considered the Trust's internal
control over financial reporting, including controls over
safeguarding securities, as a basis for designing our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of
Form N-CEN, but not for the purpose of expressing an opinion
on the effectiveness of the Trust's internal control over financial
reporting. Accordingly, we express no such opinion.
The management of the Trust is responsible for establishing and
maintaining effective internal control over financial reporting. In
fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. A trust's internal control over financial
reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with
generally accepted accounting principles. A trust's internal
control over financial reporting includes those policies and
procedures that (1) pertain to the maintenance of records that, in
reasonable detail, accurately and fairly reflect the transactions
and dispositions of the assets of the trust; (2) provide reasonable
assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and
expenditures of the trust are being made only in accordance with
authorizations of management and trustees of the trust; and (3)
provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use, or disposition of a
trust's assets that could have a material effect on the financial
statements.
Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also,
projections of any evaluation of effectiveness to future periods
are subject to the risk that controls may become inadequate
because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow
management or employees, in the normal course of performing
their assigned functions, to prevent or detect misstatements on a
timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial
reporting, such that there is a reasonable possibility that a
material misstatement of the trust's annual or interim financial
statements will not be prevented or detected on a timely basis.
Our consideration of the Trust's internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in
internal control that might be material weaknesses under
standards established by the PCAOB. However, we noted no
deficiencies in the Trust's internal control over financial reporting
and its operation, including controls for safeguarding securities,
that we consider to be a material weakness, as defined above,
as of May 31, 2021.
This report is intended solely for the information and use of
management and the Trustees of Eaton Vance Floating-Rate
Income Trust and the Securities and Exchange Commission and
is not intended to be and should not be used by anyone other
than these specified parties.
/s/ Deloitte & Touche LLP
Boston, Massachusetts
July 20, 2021
LEGAL PROCEEDINGS
3
NCEN_811-21574_8216446649.txt
On July 15, 2020, after its Board of Trustees received a
demand letter from counsel to Saba Capital
Management, L.P. and a hedge fund it advises (together
"Saba"), Eaton Vance Senior Income Trust ("EVF") filed
a complaint against Saba in Suffolk County Superior
Court in Massachusetts seeking a declaratory judgment
as to the validity of an amendment to its by-laws
requiring trustee nominees in contested elections to
obtain affirmative votes of a majority of eligible shares
in order to be elected. Saba subsequently answered this
complaint and asserted counterclaims for breach of
contract and fiduciary duty against EVF and certain
affiliates of EVF, including Eaton Vance Senior Floating-
Rate Trust ("EFR"), Eaton Vance Floating-Rate Income
Trust ("EFT"), Eaton Vance Limited Duration Income
Trust ("EVV") and Eaton Vance Management, as well as
the Board. The answer and counterclaims seek, with
respect to each registered fund named as a
counterclaim defendant, rescission of the above-
referenced by-law provision, other by-law provisions
related to "control share" acquisitions and related relief.
On March 31, 2021, the court allowed in part and
denied in part a motion to dismiss Saba's
counterclaims. On April 26, 2021, EFR, EFT and EVV
filed counterclaims against Saba seeking declaratory
judgment as to the validity of the above-referenced by-
law amendments. The case number is 2084-cv-01533-
BLS2.