BOSTON, Nov. 19, 2020 /PRNewswire/ -- Eaton Vance
Senior Income Trust (NYSE: EVF) (the "Fund") announced today the
results of its Annual Meeting of Shareholders held on November 12, 2020 (the "Meeting") for the
election of four members of the Fund's board of trustees ("Board")
to serve three-year terms ending in 2023.
Incumbent Class I Trustee Valerie A.
Mosley was elected to a new term as a Class I Trustee by the
Fund's Auction Preferred shareholders. Incumbent Class I
Trustees Thomas E. Faust Jr.,
Cynthia E. Frost and Susan J. Sutherland will continue to serve as
Class I Trustees because none of the candidates presented for
election by the Fund's Common and Auction Preferred shareholders
received the requisite vote. Pursuant to the Fund's Amended
and Restated By-Laws, when none of such candidates receive the
requisite vote, the incumbent Trustees remain in office for a new
three-year term.
The individuals named on the Fund's proxy cards proposed to
adjourn the Meeting to permit further solicitation with respect to
the three Class I Trustee positions subject to election by the
Common and Auction Preferred shareholders ("Adjournment").
Such individuals believed that further solicitation of
proxies would have resulted in a higher vote total. A
representative of Saba Capital Management, L.P. ("Saba"), as proxy
for votes solicited for the Meeting on the gold proxy card
supported by Saba, voted against the proposed Adjournment,
resulting in the proposed Adjournment not being approved.
The vote tabulations, as certified by the Fund's independent
inspector of election, First Coast, Results, Inc., will be
published in the Fund's next report to shareholders.
The Fund's investment adviser is Eaton Vance Management, a
subsidiary of Eaton Vance Corp. Eaton Vance Corp. (NYSE: EV)
provides advanced investment strategies and wealth management
solutions to forward-thinking investors around the world. Through
principal investment affiliates Eaton Vance Management, Parametric,
Atlanta Capital, Calvert and Hexavest, the Company offers a
diversity of investment approaches, encompassing bottom-up and
top-down fundamental active management, responsible investing,
systematic investing and customized implementation of
client-specified portfolio exposures. As of September 30, 2020, Eaton Vance had consolidated
assets under management of $517.0
billion. For more information, visit eatonvance.com.
Shares of closed-end funds often trade at a discount from their
net asset value. The market price of Fund shares may vary from net
asset value based on factors affecting the supply and demand for
shares, such as Fund distribution rates relative to similar
investments, investors' expectations for future distribution
changes, the clarity of the Fund's investment strategy and future
return expectations, and investors' confidence in the underlying
markets in which the Fund invests. Fund shares are subject to
investment risk, including possible loss of principal invested. The
Fund is not a complete investment program and you may lose money
investing therein. An investment in the Fund may not be appropriate
for all investors. Before investing, prospective investors should
consider carefully the Fund's investment objective, risks, charges
and expenses.
This press release is for informational purposes only and is
not intended to, and does not, constitute an offer to purchase or
sell shares of the Fund. Additional information about the Fund,
including performance and portfolio characteristic information, is
available at www.eatonvance.com.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the U.S.
securities laws. You should exercise caution in interpreting and
relying on forward-looking statements because they are subject to
uncertainties and other factors which are, in some cases, beyond
the Fund's control and could cause actual results to differ
materially from those set forth in the forward-looking
statements.
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SOURCE Eaton Vance Management