EV Eaton Vance Corp

BOSTON, Oct. 6, 2011 /PRNewswire/ -- Eaton Vance Senior Floating-Rate Trust (NYSE: EFR) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three and nine-month periods ended July 31, 2011.  The Trust's fiscal year ends on October 31, 2011.

For the three months ended July 31, 2011, the Trust had net investment income of $8,649,934 ($0.256 per common share).  From this amount, the Trust paid dividends on preferred shares of $55,546 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $8,594,388 or $0.254 per common share.  For the nine months ended July 31, 2011, the Trust had net investment income of $25,715,086 ($0.762 per common share).  From this amount, the Trust paid dividends on preferred shares of $236,276 (equal to $0.007 for each common share), resulting in net investment income after the preferred dividends of $25,478,810 or $0.755 per common share.  In comparison, for the three months ended July 31, 2010, the Trust had net investment income of $8,761,014 ($0.260 per common share).  From this amount, the Trust paid dividends on preferred shares of $125,357 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $8,635,657 or $0.257 per common share.  For the nine months ended July 31, 2010, the Trust had net investment income of $26,038,606 ($0.773 per common share).  From this amount, the Trust paid dividends on preferred shares of $277,308 (equal to $0.008 for each common share), resulting in net investment income after the preferred dividends of $25,761,298 or $0.765 per common share.  

Net realized and unrealized losses for the three months ended July 31, 2011 were $8,242,141 ($0.253 per common share) and net realized and unrealized gains for the nine months ended July 31, 2011 were $13,284,762 ($0.394 per common share).  In comparison, net realized and unrealized losses for the three months ended July 31, 2010 were $18,872,044 ($0.557 per common share) and net realized and unrealized gains for the nine months ended July 31, 2010 were $28,259,350 ($0.839 per common share).  

On July 31, 2011, net assets of the Trust were $517,249,738.  The net asset value per common share on July 31, 2011 was $15.32 based on 33,767,691 common shares outstanding.  In comparison, on July 31, 2010, net assets of the Trust were $487,227,299.  The net asset value per common share on July 31, 2010 was $14.46 based on 33,696,545 common shares outstanding.

The Trust periodically makes certain performance data and information about portfolio characteristics available on www.eatonvance.com (on the fund information page under "Individual Investors - Closed-End Funds").  Fund portfolio holdings for the most recent calendar quarter-end are also posted to the website approximately 30 days following quarter-end.  

The Trust is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $199.0 billion in assets as of July 31, 2011 offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Senior Floating-Rate Trust