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EFT: Protection Against Interest Rates And A High Yield (NYSE:EFT) - Seeking Alpha

The Eaton Vance Floating-Rate Income Trust (NYSE:EFT) is a closed-end fund, or CEF, that can be employed by those investors who are seeking to earn a high level of current income from the assets in their portfolios. This is evidenced by the fund’s current 11.48% yield. This is easily much higher than most assets generally favored by income investors, but unfortunately any time a fund obtains a yield that is higher than 10%, it is considered to be a sign that the market expects that the fund may be forced to cut its distribution in the near future. However, as I mentioned in a previous article, that rule may not be as true today as it was ...

seekingalpha.com     Oct 16, 2023