Eaton Vance Senior Income Trust Report Of Earnings

Jun 17, 2010, 11:01 ET from Eaton Vance Management

BOSTON, June 17 /PRNewswire-FirstCall/ -- Eaton Vance Senior Income Trust (NYSE: EVF) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three months and the nine months ended March 31, 2010.  The Trust's fiscal year ends on June 30, 2010.

For the three months ended March 31, 2010, the Trust had net investment income of $3,826,616 ($0.104 per common share).  From this amount, the Trust paid dividends on preferred shares of $36,984 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $3,789,632 or $0.103 per common share.  For the nine months ended March 31, 2010, the Trust had net investment income of $10,941,476 ($0.299 per common share).  From this amount, the Trust paid dividends on preferred shares of $139,262 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $10,802,214 or $0.295 per common share.  In comparison, for the three months ended March 31, 2009, the Trust had net investment income of $3,677,080 ($0.101 per common share).  From this amount, the Trust paid dividends on preferred shares of $82,148 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $3,594,932 or $0.098 per common share.  For the nine months ended March 31, 2009, the Trust had net investment income of $14,767,487 ($0.405 per common share).  From this amount, the Trust paid dividends on preferred shares of $1,152,729 (equal to $0.032 for each common share), resulting in net investment income after the preferred dividends of $13,614,758 or $0.373 per common share.

Net realized and unrealized gains for the three months ended March 31, 2010 were $13,159,652 ($0.362 per common share).  The Trust's net realized and unrealized gains for the nine months ended March 31, 2010 were $52,279,592 ($1.431 per common share).  In comparison, net realized and unrealized gains for the three months ended March 31, 2009 were $20,056,370 ($0.552 per common share).  The Trust's net realized and unrealized losses for the nine months ended March 31, 2009 were $124,255,953 ($3.405 per common share).

On March 31, 2010, net assets of the Trust applicable to common shares were $254,130,298.  The net asset value per common share on March 31, 2010 was $6.95 based on 36,572,603 common shares outstanding.  In comparison, on March 31, 2009, net assets of the Trust applicable to common shares were $149,406,678.  The net asset value per common share on March 31, 2009 was $4.09 based on 36,540,034 common shares outstanding.  

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 $176.2 billion in assets as of April 30, 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.

EATON VANCE SENIOR INCOME TRUST

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

March 31,

March 31,

2010

2009

2010

2009

Gross investment income

$5,235

$4,795

$14,970

$19,884

Interest expense

(144)

(267)

(447)

(1,652)

Operating expenses

(1,264)

(851)

(3,582)

(3,465)

Net investment income

$3,827

$3,677

$10,941

$14,767

Net realized and unrealized gains (losses)

 on investments

$13,160

$20,056

$52,280

($124,256)

Preferred dividends paid from net investment income

(37)

(82)

(139)

(1,153)

Net increase (decrease) in net assets

 from operations

$16,950

$23,651

$63,082

($110,642)

Earnings per Common Share Outstanding

Gross investment income

$0.143

$0.131

$0.410

$0.545

Interest expense

(0.004)

(0.007)

(0.012)

(0.045)

Operating expenses

(0.035)

(0.023)

(0.098)

(0.095)

Net investment income

$0.104

$0.101

$0.300

$0.405

Net realized and unrealized gains (losses)

 on investments

$0.362

$0.552

$1.431

($3.405)

Preferred dividends paid from net investment income

(0.001)

(0.003)

(0.004)

(0.032)

Net increase (decrease) in net assets

 from operations

$0.465

$0.650

$1.727

($3.032)

Net investment income

$0.104

$0.101

$0.300

$0.405

Preferred dividends paid from net investment income

(0.001)

(0.003)

(0.004)

(0.032)

Net investment income after preferred dividends

$0.103

$0.098

$0.296

$0.373

Net Asset Value at March 31 (Common Shares )

Net assets (000)

$254,130

$149,407

Shares outstanding (000)

36,573

36,540

Net asset value per share outstanding

$6.95

$4.09

Market Value Summary (Common Shares )

Market price on NYSE at March 31

$6.91

$3.55

High market price (nine months ended March 31)

$7.15

$6.64

Low market price (nine months ended March 31)

$6.84

$2.89

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com