2014

Eaton Vance Senior Floating-Rate Trust Report Of Earnings

BOSTON, April 15, 2013 /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 ended January 31, 2013. The Trust's fiscal year ends on October 31, 2013.

For the three months ended January 31, 2013, the Trust had net investment income of $9,353,403 ($0.276 per common share). From this amount, the Trust paid dividends on preferred shares of $63,495 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $9,289,908 or $0.274 per common share. In comparison, for the three months ended January 31, 2012, the Trust had net investment income of $7,660,408 ($0.226 per common share). From this amount, the Trust paid dividends on preferred shares of $41,826 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $7,618,582 or $0.225 per common share.

Net realized and unrealized gains for the three months ended January 31, 2013 were $7,084,403 ($0.209 per common share). In comparison, net realized and unrealized gains for the three months ended January 31, 2012 were $8,788,607 ($0.260 per common share).

On January 31, 2013, net assets of the Trust were $547,706,186. The net asset value per common share on January 31, 2013 was $15.85 based on 34,565,339 common shares outstanding. In comparison, on January 31, 2012, net assets of the Trust were $511,334,208. The net asset value per common share on January 31, 2012 was $15.14 based on 33,772,984 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 month-end are also posted to the website approximately 30 days following month-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 $255.1 billion in assets as of March 31, 2013 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








January 31,








2013


2012


Gross investment income



$                    11,744


$                       9,977


Operating expenses




(1,845)


(1,745)


Interest expense





(546)


(572)



Net investment income



$                       9,353


$                       7,660


Net realized and unrealized gains (losses)






  on investments





$                       7,084


$                       8,789


Preferred dividends paid from net investment income


(63)


(42)



Net increase (decrease) in net assets







  from operations




$                    16,374


$                    16,407












Earnings per Common Share Outstanding






Gross investment income



$                       0.346


$                       0.295


Operating expenses




(0.054)


(0.052)


Interest expense





(0.016)


(0.017)



Net investment income 



$                       0.276


$                       0.226


Net realized and unrealized gains (losses)






  on investments





$                       0.209


$                       0.260


Preferred dividends paid from net investment income


(0.002)


(0.001)



Net increase (decrease) in net assets







  from operations




$                       0.483


$                       0.485












Net investment income




$                       0.276


$                       0.226


Preferred dividends paid from net investment income


(0.002)


(0.001)


Net investment income after preferred dividends


$                       0.274


$                       0.225












Net Asset Value at January 31 (Common Shares)







Net assets 





$                   547,706


$                   511,334



Shares outstanding 



34,565


33,773



Net asset value per share outstanding


$                       15.85


$                       15.14












Market Value Summary (Common Shares)







Market price on NYSE at January 31


$                       16.70


$                       15.33



High market price (period ended January 31)


$                       16.75


$                       15.33



Low market price (period ended January 31)


$                       15.66


$                       13.67


SOURCE Eaton Vance Management



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