BOSTON, Jan. 20, 2012 /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 months and the year ended October 31, 2011. The Trust's fiscal year ended
on October 31, 2011.
For the three months ended October 31,
2011, the Trust had net investment income of $8,515,952 ($0.252
per common share). From this amount, the Trust paid dividends on
preferred shares of $54,881 (equal to
$0.002 for each common share),
resulting in net investment income after the preferred dividends of
$8,461,071 or $0.250 per common share. For the year ended
October 31, 2011, the Trust had net
investment income of $34,231,038
($1.014 per common share). From this
amount, the Trust paid dividends on preferred shares of
$291,157 (equal to $0.009 for each common share), resulting in net
investment income after the preferred dividends of $33,939,881 or $1.005 per common share. In comparison, for
the three months ended October 31,
2010, the Trust had net investment income of $8,470,394 ($0.252
per common share). From this amount, the Trust paid dividends on
preferred shares of $107,299 (equal
to $0.003 for each common share),
resulting in net investment income after the preferred dividends of
$8,363,095 or $0.249 per common share. For the year ended
October 31, 2010, the Trust had net
investment income of $34,509,000
($1.025 per common share). From this
amount, the Trust paid dividends on preferred shares of
$384,607 (equal to $0.011 for each common share), resulting in net
investment income after the preferred dividends of $34,124,393 or $1.014 per common share.
Net realized and unrealized losses for the three months ended
October 31, 2011 were $14,016,650 ($0.407
per common share) and net realized and unrealized losses for the
year ended October 31, 2011 were
$731,888 ($0.013 per common share). In comparison, net
realized and unrealized gains for the three months ended
October 31, 2010 were $18,165,943 ($0.535
per common share) and net realized and unrealized gains for the
year ended October 31, 2010 were
$46,425,293 ($1.374 per common share).
On October 31, 2011, net assets of
the Trust were $503,382,546. The net
asset value per common share on October 31,
2011 was $14.91 based on
33,767,691 common shares outstanding. In comparison, on
October 31, 2010, net assets of the
Trust were $505,197,371. The net
asset value per common share on October 31,
2010 was $14.98 based on
33,715,864 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 $184.5 billion
in assets as of December 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.
EATON
VANCE SENIOR FLOATING-RATE TRUST
|
SUMMARY
OF RESULTS OF OPERATIONS
|
(in
thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
Three
Months Ended
|
|
Year
Ended
|
|
|
October
31,
|
|
October
31,
|
|
|
2011
|
|
2010
|
|
2011
|
|
2010
|
Gross
investment income
|
$
10,735
|
|
$
10,578
|
|
$
43,110
|
|
$
42,824
|
Operating
expenses
|
(1,655)
|
|
(1,158)
|
|
(6,624)
|
|
(5,938)
|
Interest
expense
|
(564)
|
|
(949)
|
|
(2,255)
|
|
(2,377)
|
|
Net
investment income
|
$
8,516
|
|
$
8,471
|
|
$
34,231
|
|
$
34,509
|
Net
realized and unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
$
(14,017)
|
|
$
18,166
|
|
$
(732)
|
|
$
46,425
|
Preferred
dividends paid from net investment income
|
(55)
|
|
(108)
|
|
(291)
|
|
(385)
|
|
Net
increase (decrease) in net assets
|
|
|
|
|
|
|
|
|
from operations
|
$
(5,556)
|
|
$
26,529
|
|
$ 33,208
|
|
$
80,549
|
|
|
|
|
|
|
|
|
|
Earnings
per Common Share Outstanding
|
|
|
|
|
|
|
|
Gross
investment income
|
$
0.318
|
|
$
0.314
|
|
$
1.277
|
|
$
1.272
|
Operating
expenses
|
(0.049)
|
|
(0.033)
|
|
(0.196)
|
|
(0.176)
|
Interest
expense
|
(0.017)
|
|
(0.029)
|
|
(0.067)
|
|
(0.071)
|
|
Net
investment income
|
$
0.252
|
|
$
0.252
|
|
$
1.014
|
|
$
1.025
|
Net
realized and unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
$
(0.407)
|
|
$
0.535
|
|
$
(0.013)
|
|
$
1.374
|
Preferred
dividends paid from net investment income
|
(0.002)
|
|
(0.003)
|
|
(0.009)
|
|
(0.011)
|
|
Net
increase (decrease) in net assets
|
|
|
|
|
|
|
|
|
from operations
|
$
(0.157)
|
|
$
0.784
|
|
$
0.992
|
|
$
2.388
|
|
|
|
|
|
|
|
|
|
Net
investment income
|
$
0.252
|
|
$
0.252
|
|
$
1.014
|
|
$
1.025
|
Preferred
dividends paid from net investment income
|
(0.002)
|
|
(0.003)
|
|
(0.009)
|
|
(0.011)
|
Net
investment income after preferred dividends
|
$
0.250
|
|
$
0.249
|
|
$
1.005
|
|
$
1.014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Asset
Value at October 31 (Common Shares)
|
|
|
|
|
|
|
|
|
Net
assets
|
|
|
|
|
$
503,383
|
|
$
505,197
|
|
Shares
outstanding
|
|
|
|
|
33,768
|
|
33,716
|
|
Net asset
value per share outstanding
|
|
|
|
|
$
14.91
|
|
$
14.98
|
|
|
|
|
|
|
|
|
|
Market
Value Summary (Common Shares)
|
|
|
|
|
|
|
|
|
Market
price on NYSE at October 31
|
|
|
|
|
$
14.55
|
|
$
15.64
|
|
High
market price (period ended October 31)
|
|
|
|
|
$
18.38
|
|
$
16.78
|
|
Low market
price (period ended October 31)
|
|
|
|
|
$
13.43
|
|
$
13.12
|
SOURCE Eaton Vance Management