Eaton Vance Senior Floating-Rate Trust Report Of Earnings

BOSTON, Oct. 16, 2012 /PRNewswire/ -- Eaton Vance Senior Floating-Rate Trust (NYSE: EFR) (the "Trust"), a diversified closed-end management investment company, today announced the earnings of the Trust for the three months and nine months ended July 31, 2012. The Trust's fiscal year ends on October 31, 2012.

For the three months ended July 31, 2012, the Trust had net investment income of $8,998,173 ($0.267 per common share). From this amount, the Trust paid dividends on preferred shares of $58,527 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $8,939,646 or $0.265 per common share. For the nine months ended July 31, 2012, the Trust had net investment income of $26,740,302 ($0.792 per common share). From this amount, the Trust paid dividends on preferred shares of $158,335 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $26,581,967 or $0.787 per common share. In comparison, 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. 

Net realized and unrealized losses for the three months ended July 31, 2012 were $2,249,515 ($0.067 per common share) and net realized and unrealized gains for the nine months ended July 31, 2012 were $14,309,225 ($0.424 per common share). In comparison, 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). 

On July 31, 2012, net assets of the Trust were $518,442,761. The net asset value per common share on July 31, 2012 was $15.34 based on 33,792,290 common shares outstanding. In comparison, 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.

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 month-end are also posted to the website approximately 30 days following month-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 $198.2 billion in assets as of September 30, 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.

SOURCE Eaton Vance Management

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED