Eaton Vance Senior Floating-Rate Trust Report of Earnings

BOSTON, April 5 /PRNewswire-FirstCall/ -- 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 ended January 31, 2010.  The Trust's fiscal year ends on October 31, 2010.

For the three months ended January 31, 2010, the Trust had net investment income of $9,329,843 ($0.277 per common share).  From this amount, the Trust paid dividends on preferred shares of $65,474 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $9,264,369 or $0.275 per common share.  In comparison, for the three months ended January 31, 2009, the Trust had net investment income of $9,469,833 ($0.282 per common share).  From this amount, the Trust paid dividends on preferred shares of $507,891 (equal to $0.015 for each common share), resulting in net investment income after the preferred dividends of $8,961,942 or $0.267 per common share.

Net realized and unrealized gains for the three months ended January 31, 2010 were $25,578,413 ($0.760 per common share).  In comparison, net realized and unrealized losses for the three months ended January 31, 2009 were $47,955,251 ($1.427 per common share).

On January 31, 2010, net assets of the Trust applicable to common shares were $484,708,440.  The net asset value per common share on January 31, 2010 was $14.40 based on 33,658,914 common shares outstanding.  In comparison, on January 31, 2009, net assets of the Trust applicable to common shares were $295,007,616.  The net asset value per common share on January 31, 2009 was $8.78 based on 33,617,917 common shares outstanding.

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 $161.6 billion in assets as of January 31, 2010, offering individuals and institutions a broad array of investment products 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

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