Fitch: Eaton Vance Floating-Rate Income Trust APS Paid in Full

NEW YORK--(BUSINESS WIRE)--Fitch Ratings notes that all series of Auction Preferred Shares (APS) issued by Eaton Vance Floating-Rate Income Trust (NYSE: EFT), a closed-end management investment company sponsored and managed by Eaton Vance Management, are paid in full as of Jan 04, 2013.

EFT utilized net proceeds from its recent issuance of variable rate term preferred shares (VRTP) to facilitate the redemption. The fund's leverage amount is substantially unchanged from prior to the VRTP issuance and the APS redemption.

EFT is a diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended and commenced operations in June 2004.

Eaton Vance Management, a subsidiary of Eaton Vance Corp., acts as the investment adviser to the fund. As of Oct. 31, 2012 Eaton Vance Corp. and affiliates managed approximately $199.5 billion in assets.

For additional information about Fitch closed-end fund ratings guidelines, please review the criteria referenced below, which can be found on Fitch's website.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

The sources of information used to assess this rating were the public domain and Eaton Vance.

Applicable Criteria and Related Research:

--'Rating Closed-End Fund debt and Preferred Stock' (Aug. 15, 2012).

Applicable Criteria and Related Research:

Rating Closed-End Fund Debt and Preferred Stock

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