Eaton Vance Senior Income Trust Report of Earnings

BOSTON, May 13, 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 nine months ended March 31, 2011.  The Trust's fiscal year ends on June 30, 2011.

For the three months ended March 31, 2011, the Trust had net investment income of $3,726,933 ($0.102 per common share).  From this amount, the Trust paid dividends on preferred shares of $57,434 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $3,669,499 or $0.101 per common share.  For the nine months ended March 31, 2011, the Trust had net investment income of $11,617,824 ($0.317 per common share).  From this amount, the Trust paid dividends on preferred shares of $186,801 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $11,431,023 or $0.312 per common share.  In comparison, for the three months ended March 31, 2010, the Trust had net investment income of $3,826,616 ($0.104 per common share).  From this amount, the Trust paid dividends on preferred shares of $36,984 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $3,789,632 or $0.103 per common share.  For the nine months ended March 31, 2010, the Trust had net investment income of $10,941,476 ($0.299 per common share).  From this amount, the Trust paid dividends on preferred shares of $139,262 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $10,802,214 or $0.295 per common share.

Net realized and unrealized gains for the three months ended March 31, 2011 were $5,714,878 ($0.153 per common share).  The Trust's net realized and unrealized gains for the nine months ended March 31, 2011 were $22,483,862 ($0.613 per common share).  In comparison, net realized and unrealized gains for the three months ended March 31, 2010 were $13,159,652 ($0.362 per common share).  The Trust's net realized and unrealized gains for the nine months ended March 31, 2010 were $52,279,592 ($1.431 per common share).

On March 31, 2011, net assets of the Trust applicable to common shares were $267,999,319.  The net asset value per common share on March 31, 2011 was $7.30 based on 36,721,897 common shares outstanding.  In comparison, on March 31, 2010, net assets of the Trust applicable to common shares were $254,130,298.  The net asset value per common share on March 31, 2010 was $6.95 based on 36,572,603 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 $203.0 billion in assets as of April 30, 2011, 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