Massachusetts Court Rules that Eaton Vance and its Fund Trustees Violated Federal Law by Stripping Shareholders' Voting Rights

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Jan 25, 2023

Saba Capital Management, L.P. and certain associated parties (collectively “Saba” or “we”) today commented on the outcome of the lawsuit brought in the Suffolk County Superior Court in Massachusetts (the “Court”) by four closed-end funds advised by Eaton Vance – the Eaton Vance Senior Income Trust (NYSE: EVF), Eaton Vance Senior Floating-Rate Trust (NYSE: EFR), Eaton Vance Floating-Rate Income Trust (NYSE: EFT) and Eaton Vance Limited-Duration Fund (NYSE: EVV) (the “Funds”) – and the following fund trustees: Thomas E. Faust, Jr., Mark R. Fetting, Cynthia E. Frost, George J. Gorman, Valerie A. Mosley, William H. Park, Helen F. Peters, Keith Quinton, Marcus L. Smith, Susan J. Sutherland and Scott E. Wennerholm.