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", today announced the financial position of the Fund as of May 31, 2006. -0- *T Current Qtr Previous Qtr Prior Yr's Qtr May 31, February 28, May 31, 2006 2006 2005 Total Assets (a) $85,835,329 $92,544,442 $75,969,408 Total Net Assets (a) $64,023,913 $65,578,625 $60,045,569 NAV Per share of Common Stock (b) $ 14.88 $ 15.24 $ 13.95 Market Price Per Share $ 13.43 $ 13.85 $ 12.14 Premium / (Discount) (9.74)% (9.12)% (12.97)% Outstanding Shares 4,303,709 4,303,709 4,303,709 Total Net Investment Income (c) $ 936,092 $ 880,651 $ 725,731 Total Net Investment Income Per Share (c) $ 0.22 $ 0.20 $ 0.17 Total Net Realized / Unrealized Gain / (Loss) (c) $(1,612,847) $ 2,435,941 $ (893,188) Total Net Realized / Unrealized Gain / (Loss) Per Share (c) $ (0.37) $ 0.57 $ (0.21) Undistributed / (Overdistributed) Net Investment Income (d) $ 403,197 $ 345,062 $ (56,180) Undistributed / (Overdistributed) Net Investment Income Per Share(d) $ 0.09 $ 0.08 $ (0.01) Footnotes: (a) The difference between total assets and total net assets is due primarily to the issuance of preferred stock and/or the Fund's use of borrowings; total assets do not include accrued expenses, other liabilities, borrowings and the redemption value of preferred stock, if any. (b) NAVs are calculated as of the close of business on the last business day in the periods indicated above. (c) For the quarter indicated. (d) As of the period indicated above. *T This financial data is unaudited. The fund files its semi-annual and annual reports with the Securities and Exchange Commission as well as its complete schedule of portfolio holding for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission's website at www.sec.gov. To obtain information on the Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-800-777-0102. Salomon Brothers Emerging Markets Floating Rate Fund, Inc, a non-diversified closed-end investment management company, is managed by Salomon Brothers Asset Management Inc., a wholly owned subsidiary of Legg Mason, Inc. For more information, call Investor Relations at 1-888-777-0102, or visit the Fund's web site at http://www.leggmason.com/InvestorServices. Note: "Smith Barney," "Salomon Brothers" and "Citi" are service marks of Citigroup, Licensed for use by Legg Mason as the names of funds and investments advisers. Legg Mason and its affiliates, as well as the fund's investment manager, are not affiliated with Citigroup.