Eaton Vance Senior Income Trust Report of Earnings

BOSTON, Aug. 19, 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 fiscal year ended June 30, 2013. 

For the three months ended June 30, 2013, the Fund had net investment income of $4,105,419 ($0.108 per common share).  From this amount, the Fund paid dividends on preferred shares of $22,660 (equal to less than $0.001 for each common share), resulting in net investment income after the preferred dividends of $4,082,759 or $0.108 per common share.  For the year ended June 30, 2013, the Fund had net investment income of $17,403,504 ($0.468 per common share).  From this amount, the Fund paid dividends on preferred shares of $127,105 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $17,276,399 or $0.465 per common share.  In comparison, for the three months ended June 30, 2012, the Fund had net investment income of $4,176,631 ($0.114 per common share).  From this amount, the Fund paid dividends on preferred shares of $30,671 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $4,145,960 or $0.113 per common share.  For the year ended June 30, 2012, the Fund had net investment income of $15,980,515 ($0.435 per common share).  From this amount, the Fund paid dividends on preferred shares of $93,709 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $15,886,806 or $0.432 per common share.

Net realized and unrealized losses for the three months ended June 30, 2013 were $4,856,585 ($0.129 per common share).  The Fund's net realized and unrealized gains for the year ended June 30, 2013 were $7,075,743 ($0.194 per common share).  In comparison, net realized and unrealized losses for the three months ended June 30, 2012 were $1,895,384 ($0.056 per common share). The Fund's net realized and unrealized losses for the year ended June 30, 2012 were $2,438,412 ($0.071 per common share). 

On June 30, 2013, net assets of the Fund applicable to common shares were $278,364,414. The net asset value per common share on June 30, 2013 was $7.35 based on 37,864,018 common shares outstanding.  In comparison, on June 30, 2012, net assets of the Fund applicable to common shares were $263,167,701.  The net asset value per common share on June 30, 2012 was $7.16 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 $260.6 billion in assets as of June 30, 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


Year Ended




June 30,


June 30,




2013


2012


2013


2012

Gross investment income


$5,648


$5,648


$23,447


$21,774

Operating expenses


(1,380)


(1,314)


(5,411)


(5,196)

Interest expense


(163)


(157)


(632)


(597)


Net investment income


$4,105


$4,177


$17,404


$15,981

Net realized and unrealized gains (losses)









  on investments


($4,857)


($1,895)


$7,076


($2,438)

Preferred dividends paid from net investment income

(23)


(31)


(127)


(94)


Net increase (decrease) in net assets










  from operations


($775)


$2,251


$24,353


$13,449











Earnings per Common Share Outstanding









Gross investment income


$0.149


$0.153


$0.631


$0.592

Operating expenses


(0.037)


(0.035)


(0.146)


(0.141)

Interest expense


(0.004)


(0.004)


(0.017)


(0.016)


Net investment income 


$0.108


$0.114


$0.468


$0.435

Net realized and unrealized gains (losses)









  on investments


($0.129)


($0.056)


$0.194


($0.071)

Preferred dividends paid from net investment income

(0.000)

(1)

(0.001)


(0.003)


(0.003)


Net increase (decrease) in net assets










  from operations


($0.021)


$0.057


$0.659


$0.361











Net investment income


$0.108


$0.114


$0.468


$0.435

Preferred dividends paid from net investment income


(0.000)

(1)

(0.001)


(0.003)


(0.003)

Net investment income after preferred dividends


$0.108


$0.113


$0.465


$0.432











Net Asset Value at June 30 (Common Share)










Net assets (000)






$278,364


$263,168


Shares outstanding (000)






37,864


36,753


Net asset value per share outstanding






$7.35


$7.16











Market Value Summary (Common Share)










Market price on NYSE at June 30






$7.52


$7.02


High market price (year ended June 30)






$7.93


$7.27


Low market price (year ended June 30)






$6.98


$6.17












(1) amount is less than $0.001 









 

SOURCE Eaton Vance Management



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http://www.eatonvance.com

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