BOSTON, Feb. 21, 2012 /PRNewswire/ -- Eaton Vance Senior
Income Trust (NYSE: EVF) (the "Fund"), a closed-end management
investment company, today announced the earnings of the Fund for
the three months and the six months ended December 31, 2011. The Fund's fiscal year ends on
June 30, 2012.
For the three months ended December 31,
2011, the Fund had net investment income of $3,905,978 ($0.106
per common share). From this amount, the Fund paid dividends
on preferred shares of $22,865 (equal
to less than $0.001 for each common
share), resulting in net investment income after the preferred
dividends of $3,883,113 or
$0.106 per common share. For
the six months ended December 31,
2011, the Fund had net investment income of $7,585,114 ($0.206
per common share). From this amount, the Fund paid dividends
on preferred shares of $46,103 (equal
to $0.001 for each common share),
resulting in net investment income after the preferred dividends of
$7,539,011 or $0.205 per common share. In comparison, for
the three months ended December 31,
2010, the Fund had net investment income of $3,997,404 ($0.109
per common share). From this amount, the Fund paid dividends
on preferred shares of $66,290 (equal
to $0.002 for each common share),
resulting in net investment income after the preferred dividends of
$3,931,114 or $0.107 per common share. For the six months
ended December 31, 2010, the Fund had
net investment income of $7,890,891
($0.215 per common share). From
this amount, the Fund paid dividends on preferred shares of
$129,367 (equal to $0.004 for each common share), resulting in net
investment income after the preferred dividends of $7,761,524 or $0.211 per common share.
Net realized and unrealized gains for the three months ended
December 31, 2011 were $7,119,094 ($0.185
per common share). The Fund's net realized and unrealized
losses for the six months ended December 31,
2011 were $9,606,097
($0.270 per common share). In
comparison, net realized and unrealized gains for the three months
ended December 31, 2010 were
$9,061,693 ($0.250 per common share). The Fund's net
realized and unrealized gains for the six months ended December 31, 2010 were $16,768,984 ($0.460
per common share).
On December 31, 2011, net assets
of the Fund applicable to common shares were $254,488,195. The net asset value per
common share on December 31, 2011 was
$6.92 based on 36,752,548 common
shares outstanding. In comparison, on December 31, 2010, net assets of the Fund
applicable to common shares were $260,808,046. The net asset value per common
share on December 31, 2010 was
$7.11 based on 36,669,972 common
shares outstanding.
The Fund 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 Fund 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 $191.7 billion
in assets as of January 31, 2012,
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.
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EATON VANCE
SENIOR INCOME TRUST
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SUMMARY OF
RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three Months
Ended
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Six Months
Ended
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December
31,
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December
31,
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2011
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2010
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2011
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2010
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Gross investment
income
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$5,349
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$5,316
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$10,468
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$10,644
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Operating expenses
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(1,298)
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(1,180)
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(2,587)
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(2,455)
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Interest expense
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(145)
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(139)
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(296)
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(298)
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Net investment income
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$3,906
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$3,997
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$7,585
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$7,891
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Net realized and unrealized
gains (losses)
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on investments
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$7,119
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$9,062
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($9,606)
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$16,769
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Preferred dividends paid from
net investment income
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(23)
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(66)
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(46)
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(129)
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Net increase (decrease) in net
assets
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from operations
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$11,002
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$12,993
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($2,067)
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$24,531
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Earnings per Common Share
Outstanding
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Gross investment
income
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$0.145
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$0.145
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$0.284
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$0.290
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Operating expenses
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(0.035)
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(0.032)
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(0.070)
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(0.067)
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Interest expense
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(0.004)
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(0.004)
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(0.008)
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(0.008)
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Net investment income
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$0.106
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$0.109
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$0.206
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$0.215
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Net realized and unrealized
gains (losses)
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on investments
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$0.185
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$0.250
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($0.270)
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$0.460
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Preferred dividends paid from
net investment income
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(0.000)
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(1)
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(0.002)
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(0.001)
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(0.004)
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Net increase (decrease) in net
assets
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from operations
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$0.291
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$0.357
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($0.065)
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$0.671
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Net investment income
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$0.106
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$0.109
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$0.206
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$0.215
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Preferred dividends paid from
net investment income
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(0.000)
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(1)
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(0.002)
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(0.001)
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(0.004)
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Net investment income after
preferred dividends
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$0.106
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$0.107
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$0.205
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$0.211
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Net Asset Value at December 31
(Common Share )
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Net assets (000)
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$254,488
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$260,808
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Shares outstanding
(000)
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36,753
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36,670
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Net asset value per share
outstanding
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$6.92
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$7.11
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Market Value Summary (Common
Share )
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Market price on NYSE at December
31
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$6.53
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$7.16
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High market price (six months
ended December 31)
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$7.27
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$7.19
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Low market price (six months
ended December 31)
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$6.17
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$6.55
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(1) amount is less than
$0.001
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SOURCE Eaton Vance Management