Eaton Vance Senior Floating-Rate Trust Report Of Earnings

BOSTON, July 10, 2012 /PRNewswire/ -- Eaton Vance Senior Floating-Rate Trust (NYSE: EFR) (the "Trust"), a diversified closed-end management investment company, today announced the earnings of the Trust for the three months and the six months ended April 30, 2012. The Trust's fiscal year ends on October 31, 2012.

For the three months ended April 30, 2012, the Trust had net investment income of $10,081,721 ($0.299 per common share). From this amount, the Trust paid dividends on preferred shares of $57,982 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $10,023,739 or $0.297 per common share. For the six months ended April 30, 2012, the Trust had net investment income of $17,742,129 ($0.525 per common share). From this amount, the Trust paid dividends on preferred shares of $99,808 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $17,642,321 or $0.522 per common share. In comparison, for the three months ended April 30, 2011, the Trust had net investment income of $8,195,981 ($0.243 per common share). From this amount, the Trust paid dividends on preferred shares of $84,757 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $8,111,224 or $0.241 per common share. For the six months ended April 30, 2011, the Trust had net investment income of $17,065,152 ($0.506 per common share). From this amount, the Trust paid dividends on preferred shares of $180,730 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $16,884,422 or $0.501 per common share. 

Net realized and unrealized gains for the three months ended April 30, 2012 were $7,770,133 ($0.231 per common share) and net realized and unrealized gains for the six months ended April 30, 2012 were $16,558,740 ($0.491 per common share). In comparison, net realized and unrealized gains for the three months ended April 30, 2011 were $1,643,885 ($0.057 per common share) and net realized and unrealized gains for the six months ended April 30, 2011 were $21,526,903 ($0.647 per common share). 

On April 30, 2012, net assets of the Trust were $520,421,550. The net asset value per common share on April 30, 2012 was $15.41 based on 33,778,557 common shares outstanding. In comparison, on April 30, 2011, net assets of the Trust were $525,085,306. The net asset value per common share on April 30, 2011 was $15.56 based on 33,756,217 common shares outstanding.

The Trust periodically makes certain performance data and information about portfolio characteristics available on www.eatonvance.com (on the fund information page under "Individual Investors – Closed-End Funds").  Fund portfolio holdings for the most recent calendar quarter-end are also posted to the website approximately 30 days following quarter-end. 

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 $197.5 billion in assets as of April 30, 2012 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.

















EATON VANCE SENIOR FLOATING-RATE TRUST

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)























Three Months Ended



Six Months Ended









April 30,



April 30,









2012


2011



2012


2011



Gross investment income





$ 12,337


$ 10,408



$ 22,314


$ 21,490



Operating expenses





(1,740)


(1,654)



(3,485)


(3,274)



Interest expense





(515)


(558)



(1,087)


(1,151)




Net investment income





$ 10,082


$ 8,196



$ 17,742


$ 17,065



Net realized and unrealized gains (losses)















  on investments





$ 7,770


$ 1,644



$ 16,559


$ 21,527



Preferred dividends paid from net investment income





(58)


(85)



(100)


(181)




Net increase (decrease) in net assets
















  from operations





$ 17,794


$ 9,755



$ 34,201


$ 38,411



















Earnings per Common Share Outstanding















Gross investment income





$ 0.365


$ 0.308



$ 0.660


$ 0.637



Operating expenses





(0.051)


(0.049)



(0.103)


(0.097)



Interest expense





(0.015)


(0.016)



(0.032)


(0.034)




Net investment income





$ 0.299


$ 0.243



$ 0.525


$ 0.506



Net realized and unrealized gains (losses)















  on investments





$ 0.231


$ 0.057



$ 0.491


$ 0.647



Preferred dividends paid from net investment income





(0.002)


(0.002)



(0.003)


(0.005)




Net increase (decrease) in net assets
















  from operations





$ 0.528


$ 0.298



$ 1.013


$ 1.148



















Net investment income





$ 0.299


$ 0.243



$ 0.525


$ 0.506



Preferred dividends paid from net investment income





(0.002)


(0.002)



(0.003)


(0.005)



Net investment income after preferred dividends





$ 0.297


$ 0.241



$ 0.522


$ 0.501



































Net Asset Value at April 30 (Common Shares)
















Net assets










$ 520,422


$ 525,085




Shares outstanding










33,779


33,756




Net asset value per share outstanding










$ 15.41


$ 15.56



















Market Value Summary (Common Shares)
















Market price on NYSE at April 30










$ 15.64


$ 16.83




High market price (period ended April 30)










$ 15.80


$ 18.38




Low market price (period ended April 30)










$ 13.67


$ 15.40



































































































SOURCE Eaton Vance Management



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