Eaton Vance Closed-End Bank Loan Funds Declare Monthly Distributions

Dec 14, 2010, 17:53 ET from Eaton Vance Management

BOSTON, Dec. 14, 2010 /PRNewswire-FirstCall/ -- Eaton Vance Management, the Boston-based investment adviser, announced the monthly distributions declared on the common shares of two of its closed-end bank loan funds (the "Funds"). As portfolio and market conditions change, the rate of future distributions may change. The distributions are expected to be paid on December 31, 2010, to shareholders of record on December 23, 2010.  The ex-date is December 21, 2010.  The distribution per share for each Fund is as follows:


Distribution

Fund

Per Share

Eaton Vance Floating-Rate Income Trust (NYSE: EFT)

$0.086

Eaton Vance Senior Floating-Rate Trust (NYSE: EFR)

$0.087



It is also anticipated that each of the Funds will accelerate the declaration and payment of its January 2011 monthly distribution to avoid being subject to 2010 federal excise tax.  It is further anticipated at that time that Eaton Vance Senior Floating-Rate Trust will declare and pay a special distribution.  The Funds' January distributions are expected to be payable in early January to shareholders of record on December 31, 2010.  In February 2011, each Fund expects to resume its regular monthly distribution and payment schedule.

At this time the Funds believe that a portion of the December distributions may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at http://individuals.eatonvance.com.  The final determination of tax characteristics of each Fund's distribution will occur after the end of the year, at which time it will be reported to the shareholders.

The Funds are 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 $185.2 billion in assets as of October 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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