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Eaton Vance Floating-Rate
2022 Target Term Trust
Eaton Vance 2021 Target
Term Trust
Eaton Vance Municipal
Income 2028 Term Trust
Eaton Vance National
Municipal Opportunities Trust
Eaton Vance Tax-Advantaged
Global Dividend Income Fund
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Income Trust
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Floating-Rate Trust
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Municipal Income Trust
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Specified in Its Charter)
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February 1, 2021
Dear Valued Consultant:
I
am pleased to provide this update on the status and expected timing
of the acquisition of Eaton Vance by Morgan Stanley announced on
October 8, 2020. As announced, our Eaton Vance Management,
Parametric, Atlanta Capital and Calvert investment affiliates will
join Morgan Stanley Investment Management. Since the transaction
announcement, we and Morgan Stanley have been actively engaged in
joint business planning to seek to ensure a seamless transition and
to lay the foundation for the premier global investment
organization we aspire to create. Over recent months, we have
connected with many of our clients and business partners to share
our vision for the combined Eaton Vance and Morgan Stanley
Investment Management, and to request the client consents and fund
shareholder approvals that we need to close the transaction.
Morgan Stanley and Eaton Vance expect the transaction to be
completed no later than early in the second quarter. Subject to the
satisfaction of customary closing conditions, including receipt of
necessary regulatory approvals and client consents, the
transaction could take place as soon as March 1, 2021. In February,
we will be reaching out to separate account clients and fund
shareholders to secure the remaining consents and approvals we need
to close the transaction. All of us at Eaton Vance are
deeply grateful for your time and attention to this important
matter.
Throughout this transition period, our investment teams and client
representatives have remained singularly focused on providing the
high-quality investment management services you have come to expect
from us. Post-transaction, we look forward to continuing to serve
you as part of Morgan Stanley Investment Management.
Thank you for your continued support.

Sincerely,
Thomas E. Faust Jr.
Chairman and Chief Executive Officer
Eaton Vance Corp.

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Eaton Vance Corp. | Two International Place, Boston, MA 02110 |
617.482.8260 eatonvance.com 37808
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