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Eaton Vance Floating-Rate Income Plus Fund Announces Initial Monthly Distribution

BOSTON, Aug. 7, 2013 /PRNewswire/ -- Eaton Vance Floating-Rate Income Plus Fund (NYSE: EFF) (the "Fund"), a closed-end management investment company, today declared its initial monthly distribution of $0.104 per common share. The distribution is expected to be paid on August 30, 2013, to shareholders of record on August 23, 2013. The ex-date is August 21, 2013. The Fund commenced operations on June 26, 2013.

On an annualized basis, the Fund's initial distribution is equivalent to an annual distribution rate of approximately 6.24% of the Fund's initial public offering price. The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of future distributions may change. The initial public offering price does not reflect the initial sales load or any subsequent fluctuations in the Fund's net asset value or market price per share.

Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No fund is a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $260.6 billion in assets as of June 30, 2013, offering individuals and institutions a broad array of investment strategies and wealth management solutions. Eaton Vance's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.  

SOURCE Eaton Vance Management

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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