Eaton Vance Senior Floating-Rate Trust Report of Earnings

BOSTON, July 6 /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 and the six months ended April 30, 2010.  The Trust's fiscal year ends on October 31, 2010.

For the three months ended April 30, 2010, the Trust had net investment income of $7,947,749 ($0.236 per common share).  From this amount, the Trust paid dividends on preferred shares of $86,477 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $7,861,272 or $0.233 per common share.  For the six months ended April 30, 2010, the Trust had net investment income of $17,277,592 ($0.513 per common share).  From this amount, the Trust paid dividends on preferred shares of $151,951 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $17,125,641 or $0.508 per common share.  In comparison, for the three months ended April 30, 2009, the Trust had net investment income of $7,027,700 ($0.209 per common share).  From this amount, the Trust paid dividends on preferred shares of $199,774 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $6,827,926 or $0.203 per common share.  For the six months ended April 30, 2009, the Trust had net investment income of $16,497,533 ($0.491 per common share).  From this amount, the Trust paid dividends on preferred shares of $707,665 (equal to $0.021 for each common share), resulting in net investment income after the preferred dividends of $15,789,868 or $0.470 per common share.

Net realized and unrealized gains for the three months ended April 30, 2010 were $21,552,981 ($0.636 per common share) and net realized and unrealized gains for the six months ended April 30, 2010 were $47,131,394 ($1.396 per common share).  In comparison, net realized and unrealized gains for the three months ended April 30, 2009 were $45,370,973 ($1.351 per common share). The Trust's net realized and unrealized losses for the six months ended April 30, 2009 were $2,584,278 ($0.076 per common share).

On April 30, 2010, net assets of the Trust applicable to common shares were $505,666,246. The net asset value per common share on April 30, 2010 was $15.01 based on 33,677,846 common shares outstanding.  In comparison, on April 30, 2009, net assets of the Trust applicable to common shares were $340,978,289.  The net asset value per common share on April 30, 2009 was $10.14 based on 33,629,955 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 $176.2 billion in assets as of April 30, 2010, 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

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