Eaton Vance Senior Income Trust Report Of Earnings

BOSTON, Feb. 20, 2013 /PRNewswire/ -- Eaton Vance Senior Income Trust (NYSE: EVF) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months and the six months ended December 31, 2012. The Fund's fiscal year ends on June 30, 2013.

For the three months ended December 31, 2012, the Fund had net investment income of $4,310,733 ($0.117 per common share).  From this amount, the Fund paid dividends on preferred shares of $39,336 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $4,271,397 or $0.116 per common share.  For the six months ended December 31, 2012, the Fund had net investment income of $9,165,809 ($0.249 per common share).  From this amount, the Fund paid dividends on preferred shares of $75,128 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $9,090,681 or $0.247 per common share.  In comparison, for the three months ended December 31, 2011, the Fund had net investment income of $3,905,978 ($0.106 per common share).  From this amount, the Fund paid dividends on preferred shares of $22,865 (equal to less than $0.001 for each common share), resulting in net investment income after the preferred dividends of $3,883,113 or $0.106 per common share.  For the six months ended December 31, 2011, the Fund had net investment income of $7,585,114 ($0.206 per common share).  From this amount, the Fund paid dividends on preferred shares of $46,103 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $7,539,011 or $0.205 per common share.      

Net realized and unrealized gains for the three months ended December 31, 2012 were $1,809,972 ($0.050 per common share).  The Fund's net realized and unrealized gains for the six months ended December 31, 2012 were $7,853,660 ($0.214 per common share).  In comparison, net realized and unrealized gains for the three months ended December 31, 2011 were $7,119,094 ($0.185 per common share).  The Fund's net realized and unrealized losses for the six months ended December 31, 2011 were $9,606,097 ($0.270 per common share). 

On December 31, 2012, net assets of the Fund applicable to common shares were $269,588,327.  The net asset value per common share on December 31, 2012 was $7.33 based on 36,776,552 common shares outstanding. In comparison, on December 31, 2011, net assets of the Fund applicable to common shares were $254,488,195. The net asset value per common share on December 31, 2011 was $6.92 based on 36,752,548 common shares outstanding.

The Fund 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 Fund 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 $247.8 billion in assets as of January 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  INCOME TRUST


SUMMARY OF RESULTS OF OPERATIONS


(in thousands, except per share amounts)



















Three Months Ended


Six Months Ended







December 31,


December 31,







2012


2011


2012


2011


Gross investment income

$5,815


$5,349


$12,173


$10,468


Operating expenses

(1,347)


(1,298)


(2,687)


(2,587)


Interest expense

(157)


(145)


(320)


(296)



Net investment income

$4,311


$3,906


$9,166


$7,585


Net realized and unrealized gains (losses)









  on investments

$1,810


$7,119


$7,854


($9,606)


Preferred dividends paid from net investment income

(39)


(23)


(75)


(46)



Net increase (decrease) in net assets










  from operations

$6,082


$11,002


$16,945


($2,067)















Earnings per Common Share Outstanding









Gross investment income

$0.158


$0.145


$0.331


$0.284


Operating expenses

(0.036)


(0.035)


(0.073)


(0.070)


Interest expense

(0.005)


(0.004)


(0.009)


(0.008)



Net investment income

$0.117


$0.106


$0.249


$0.206


Net realized and unrealized gains (losses)









  on investments

$0.050


$0.185


$0.214


($0.270)


Preferred dividends paid from net investment income

(0.001)


(0.000)

(1)

(0.002)


(0.001)



Net increase (decrease) in net assets










  from operations

$0.166


$0.291


$0.461


($0.065)















Net investment income

$0.117


$0.106


$0.249


$0.206


Preferred dividends paid from net investment income

(0.001)


(0.000)

(1)

(0.002)


(0.001)


Net investment income after preferred dividends

$0.116


$0.106


$0.247


$0.205















Net Asset Value at December 31 (Common Share)










Net assets (000)





$269,588


$254,488



Shares outstanding (000)





36,777


36,753



Net asset value per share outstanding





$7.33


$6.92















Market Value Summary (Common Share)










Market price on NYSE at December 31





$7.54


$6.53



High market price (six months ended December 31)





$7.88


$7.27



Low market price (six months ended December 31)





$6.98


$6.17
















(1) amount is less than $0.001 








 

 

SOURCE Eaton Vance Management



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