EFL Eaton Vance Floating Rate 2022 Target Term Trust

Salomon Brothers Emerging Markets Floating Rate Fund Inc., which is listed on the New York Stock Exchange under the symbol "EFL," has announced a dividend from long-term capital gains of $0.0590 per common share in June and a dividend from ordinary income of $0.05400 per common share in July and August. The dividend distribution schedule for the months of June, July and August 2005 appear below: -0- *T Declaration Date Ex-Dividend Record Payable ---------------- ----------- ------ ------- June 05/04/05 06/10/05 06/14/05 06/24/05 July 05/04/05 07/08/05 07/12/05 07/29/05 August 05/04/05 08/12/05 08/16/05 08/26/05 *T In declaring the new rate, the Fund cited its positive returns over the past three years that have generated substantial gains, which, in turn, reduced the investment income available for distributions. This decline in investment income is a function of lower interest rates combined with substantial spread tightening in emerging debt markets. The fund is reducing its dividend to match the current level of investment income generated by the portfolio. Salomon Brothers Emerging Markets Floating Rate Fund Inc., a non-diversified investment management company, is managed by Salomon Brothers Asset Management Inc., an indirect wholly owned subsidiary of Citigroup Inc. For more information, call 1-888-777-0102 or 1-800-SALOMON.