Eaton Vance Closed-End Bank Loan Funds Declare Early Monthly Distributions And Special Distributions

BOSTON, Dec. 20, 2013 /PRNewswire/ -- Eaton Vance Management, the Boston-based investment adviser, announced the monthly distributions declared on the common shares of three of its closed-end bank loan funds (the "Funds"). As portfolio and market conditions change, the rate of future distributions may change. The distributions are expected to be paid on January 13, 2014, to shareholders of record on December 31, 2013.  The ex-dividend date is December 27, 2013.  The declaration, record and payment dates of the regular January distributions have been accelerated and a special distribution is being paid on Eaton Vance Floating-Rate Income Trust and Eaton Vance Senior Floating-Rate Trust to allow the Funds to meet their 2013 distribution requirements for federal excise tax purposes.  The Funds expect to declare their next regular monthly distribution in the middle of February for payment at the end of February. The distribution per share for each Fund is as follows:

A Fund's distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance and other factors. There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in a Fund's distribution rate at a future time.

At this time the Funds believe that a portion of the January distributions may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at http://funds.eatonvance.com.  The final determination of tax characteristics of each Fund's distribution will occur after the end of the year, at which time it will be reported to the shareholders.

The Funds are 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 $280.7 billion in assets as of October 31, 2013, 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.

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. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses.

SOURCE Eaton Vance Management

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