EVF: Discounted Valuation But Limited Appeal As Rates Decline [Seeking Alpha]
Eaton Vance Senior Income Trust (EVF)
US:NYSE Investor Relations:
funds.eatonvance.com/senior-income-trust-evf.php
Company Research
Source: Seeking Alpha
EVF trades at an 8.7% discount to NAV and offers an 8.7% yield, but its aggressive leverage and below-investment-grade holdings increase risk. Distributions are covered by net investment income, but payouts are expected to decline as rates fall, and income is taxed as ordinary dividends. The fund's lack of capital appreciation, reliance on high-yield loans, and sensitivity to rate cycles limit its appeal for long-term, stable income investors. Richard Drury/DigitalVision via Getty Images Overview While interest rates remain elevated, I thought it would make sense to revisit the Eaton Vance Senior Income Trust ( EVF ), which has a portfolio that is primarily made up of floating rate This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receivin
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