Eaton Vance Senior Income Trust Report of Earnings

BOSTON, Feb. 11, 2011 /PRNewswire/ -- Eaton Vance Senior Income Trust (NYSE: EVF) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three months and the six months ended December 31, 2010. The Trust's fiscal year ends on June 30, 2011.

For the three months ended December 31, 2010, the Trust had net investment income of $3,997,404 ($0.109 per common share).  From this amount, the Trust paid dividends on preferred shares of $66,290 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $3,931,114 or $0.107 per common share.  For the six months ended December 31, 2010, the Trust had net investment income of $7,890,891 ($0.215 per common share).  From this amount, the Trust paid dividends on preferred shares of $129,367 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $7,761,524 or $0.211 per common share.  In comparison, for the three months ended December 31, 2009, the Trust had net investment income of $3,684,611 ($0.101 per common share).  From this amount, the Trust paid dividends on preferred shares of $41,539 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $3,643,072 or $0.100 per common share.  For the six months ended December 31, 2009, the Trust had net investment income of $7,114,860 ($0.195 per common share).  From this amount, the Trust paid dividends on preferred shares of $102,278 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $7,012,582 or $0.192 per common share.      

Net realized and unrealized gains for the three months ended December 31, 2010 were $9,061,693 ($0.250 per common share).  The Trust's net realized and unrealized gains for the six months ended December 31, 2010 were $16,768,984 ($0.460 per common share).  In comparison, net realized and unrealized gains for the three months ended December 31, 2009 were $9,799,153 ($0.267 per common share).  The Trust's net realized and unrealized gains for the six months ended December 31, 2009 were $39,119,940 ($1.069 per common share).  

On December 31, 2010, net assets of the Trust applicable to common shares were $260,808,046.  The net asset value per common share on December 31, 2010 was $7.11 based on 36,669,972 common shares outstanding. In comparison, on December 31, 2009, net assets of the Trust applicable to common shares were $239,335,877. The net asset value per common share on December 31, 2009 was $6.55 based on 36,540,034 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 $188.7 billion in assets as of December 31, 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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