SCHEDULE: Morgan Stanley Cuts Stake in Eaton Vance Trust
Beneficial Ownership Amendment
Morgan Stanley and its subsidiary have reduced their beneficial ownership in Eaton Vance Floating-Rate Income Trust to below 5%.
Summary
- Morgan Stanley and its wholly-owned subsidiary, Morgan Stanley Smith Barney LLC, have ceased to be beneficial owners of more than five percent of the Common Shares of Eaton Vance Floating-Rate Income Trust.
- As of June 30, 2025, the aggregate amount beneficially owned by Morgan Stanley and Morgan Stanley Smith Barney LLC is 987,294 shares.
- This represents 3.7% of the class of securities, falling below the 5% threshold that triggers Schedule 13G reporting requirements for significant beneficial ownership.
Sentiment
Score: 5
Explanation: The filing is a neutral, factual disclosure of a change in beneficial ownership, not indicating positive or negative performance or strategic shifts for the issuer.
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Industry Context
This filing reflects a routine disclosure of a change in institutional ownership, common in the financial industry as investment firms adjust their portfolio holdings. It indicates a reduction in a significant stake by a major financial institution in a specific investment trust.
Related Party Transactions
- Morgan Stanley Smith Barney LLC is identified as a wholly-owned subsidiary of Morgan Stanley, and their beneficial ownership is reported jointly.
Stakeholder Impact
- Shareholders: Provides transparency regarding changes in significant institutional holdings, which can influence market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event requiring the filing, when beneficial ownership fell below 5%. |
| 08/06/2025 | Date of filing and signature by authorized signatories. |
Keywords
Morgan Stanley, Eaton Vance Floating-Rate Income Trust, Beneficial Ownership, Schedule 13G, Institutional Ownership, Investment Management, Common Shares
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