Nicholas Di Lorenzo
About Nicholas Di Lorenzo
Nicholas S. Di Lorenzo (born 1987) serves as Secretary of Eaton Vance Floating-Rate Income Trust (EFT) and has held the officer role since 2022; he is an officer across 123 registered investment companies managed by Eaton Vance or Boston Management and Research (BMR) . Prior to joining the Eaton Vance fund complex, he was an associate at Dechert LLP from 2012–2021 and counsel in 2022 . He signs official EFT notices and filings in his capacity as Secretary and is designated, along with others, as attorney-in-fact to sign Form N‑2 registration statements for multiple Eaton Vance funds; officers’ affiliations mean they benefit from advisory/administration fees paid by the Fund to Eaton Vance/Morgan Stanley, but fund-level proxy materials do not present officer-specific compensation tables .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Dechert LLP | Associate | 2012–2021 | Legal practice supporting corporate/securities matters |
| Dechert LLP | Counsel | 2022 | Senior legal counsel responsibilities prior to joining EFT officer ranks |
| Eaton Vance/BMR (Fund complex) | Officer across fund complex | 2022–present | Secretary/administrative oversight across 123 registered investment companies |
External Roles
| Organization | Role | Date(s) | Scope/authority |
|---|---|---|---|
| Eaton Vance fund complex | Secretary’s Certificate signatory | Dec 11, 2024 | Signed Secretary’s Certificate naming authorized signers for Form N‑2 registrations across multiple funds (incl. EFT) |
| Eaton Vance fund complex | Attorney‑in‑fact (Power of Attorney) | Aug 6, 2024 | Authorized, with others, to sign Form N‑2 registrations and amendments for multiple funds (incl. EFT) |
Fixed Compensation
- Fund-level proxies do not disclose officer-specific base salary, bonus targets, or cash compensation; proxies present trustee remuneration only. Officers are employees of Eaton Vance/BMR (indirectly Morgan Stanley) and “will benefit from any advisory and/or administration fees paid by the Fund to Eaton Vance” .
- Trustee compensation schedule (context): annual retainer $325,000, plus committee/service retainers; EFT’s pro‑rata trustee fees are paid based on the Fund’s average net assets (trustee schedule applies to non‑interested Trustees, not officers) .
Performance Compensation
- No executive (officer) performance metric disclosures (e.g., revenue, EBITDA, TSR, ESG goals) or incentive payout tables for officers appear in EFT’s proxy materials; compensation details are presented only for Trustees, not for officers employed by Eaton Vance/BMR .
Equity Ownership & Alignment
- Fund-level proxy does not disclose officer share ownership, vesting schedules, or pledging/hedging policies for officers; only Trustee ownership is disclosed. As of December 30, 2024, Trustee Keith Quinton beneficially owned over $100,000 of EFT equity; no other Trustees held shares of EFT as of that date (officer holdings not presented) .
Employment Terms
| Term | Detail |
|---|---|
| Current role/title | Secretary of EFT |
| Officer since | 2022 |
| Term of office | Indefinite term of office for fund officers |
| Business address | One Post Office Square, Boston, MA 02109 |
| Contract term/expiration | Not disclosed in fund-level proxies |
| Severance/change‑of‑control | Not disclosed in fund-level proxies |
| Non‑compete/non‑solicit/garden leave | Not disclosed in fund-level proxies |
| Post‑termination consulting | Not disclosed in fund-level proxies |
Investment Implications
- Compensation alignment: As a fund officer employed by Eaton Vance/Morgan Stanley, Di Lorenzo’s compensation is not tied to EFT’s TSR or operating metrics at the fund level; proxies state officers benefit from advisory/administration fees paid to Eaton Vance, with no officer compensation tables provided by the Fund .
- Insider selling pressure: No officer equity ownership or vesting schedules are disclosed for EFT officers, which reduces visibility into potential insider‑related selling pressure; Trustee ownership disclosures do not include officers .
- Retention/contract risk: Officers hold indefinite terms of office; there is no disclosure of employment contracts, severance, or change‑of‑control provisions at the Fund level, suggesting standard advisor employment terms rather than fund‑specific arrangements .
- Governance footprint: Di Lorenzo’s role centers on legal/secretarial and filing authorities (e.g., signing proxy notices and acting as attorney‑in‑fact for registrations), with no Board committee memberships disclosed, indicating limited direct influence on portfolio management or trustee governance decisions .