Eaton Vance Senior Floating-Rate Trust Report of Earnings
26 Junho 2009 - 2:35PM
PR Newswire (US)
BOSTON, June 26 /PRNewswire-FirstCall/ -- Eaton Vance Senior
Floating-Rate Trust (NYSE:EFR) (the "Trust"), a closed-end
management investment company, today announced the earnings of the
Trust for the three months and six months ended April 30, 2009. The
Trust's fiscal year ends on October 31, 2009. For the three months
ended April 30, 2009, the Trust had net investment income of
$7,027,700 ($0.209 per common share). From this amount, the Trust
paid dividends on preferred shares of $199,774 (equal to $0.006 for
each common share), resulting in net investment income after the
preferred dividends of $6,827,926 or $0.203 per common share. For
the six months ended April 30, 2009, the Trust had net investment
income of $16,497,533 ($0.491 per common share). From this amount,
the Trust paid dividends on preferred shares of $707,665 (equal to
$0.021 for each common share), resulting in net investment income
after the preferred dividends of $15,789,868 or $0.470 per common
share. In comparison, for the three months ended April 30, 2008,
the Trust had net investment income of $15,270,385 ($0.455 per
common share). From this amount, the Trust paid dividends on
preferred shares of $4,070,994 (equal to $0.121 for each common
share), resulting in net investment income after the preferred
dividends of $11,199,391 or $0.334 per common share. For the six
months ended April 30, 2008, the Trust had net investment income of
$33,259,234 ($0.990 per common share). From this amount, the Trust
paid dividends on preferred shares of $9,469,161 (equal to $0.282
for each common share), resulting in net investment income after
the preferred dividends of $23,790,073 or $0.708 per common share.
Net realized and unrealized gains for the three months ended April
30, 2009 were $45,370,973 ($1.351 per common share) and net
realized and unrealized losses for the six months ended April 30,
2009 were $2,584,278 ($0.076 per common share). In comparison, net
realized and unrealized losses for the three months ended April 30,
2008 were $15,812,504 ($0.462 per common share). The Trust's net
realized and unrealized losses for the six months ended April 30,
2008 were $65,532,512 ($1.942 per common share). On April 30, 2009,
net assets of the Trust applicable to common shares were
$340,978,289. The net asset value per common share on April 30,
2009 was $10.14 based on 33,629,955 common shares outstanding. In
comparison, on April 30, 2008, net assets of the Trust applicable
to common shares were $533,420,998. The net asset value per common
share on April 30, 2008 was $15.88 based on 33,600,821 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 $127.2 billion in assets as of April 30, 2009, offering
individuals and institutions a broad array of investment products
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
http://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,
------------------ ---------------- 2009 2008 2009 2008 ---- ----
---- ---- Gross investment income $9,052 $16,945 $21,636 $36,710
Operating expenses (2,024) (1,675) (5,138) (3,451) ------ ------
----- ----- Net investment income $7,028 $15,270 $16,498 $33,259
Net realized and unrealized gains (losses) on investments $45,371
($15,813) ($2,584) ($65,533) Preferred dividends paid from net
investment income ($200) ($4,071) ($708) ($9,469) Net increase
(decrease) in net assets from operations $52,199 ($4,614) $13,206
($41,743) ======= ======= ======= ======== Earnings per Share
Outstanding ------------------------------ Gross investment income
$0.269 $0.505 $0.644 $1.093 Operating expenses (0.060) (0.050)
(0.153) (0.103) ------ ------ ------ ------ Net investment income
$0.209 $0.455 $0.491 $0.990 Net realized and unrealized gains
(losses) on investments $1.351 ($0.462) ($0.076) ($1.942) Preferred
dividends paid from net investment income (0.006) (0.121) (0.021)
(0.282) ------ ------ ------ ------ Net increase (decrease) in net
assets from operations $1.554 ($0.128) $0.394 ($1.234) ======
======= ====== ======= Net investment income $0.209 $0.455 $0.491
$0.990 Preferred dividends paid from net investment income (0.006)
(0.121) (0.021) (0.282) ------ ------ ------ ------ Net investment
income after preferred dividends $0.203 $0.334 $0.470 $0.708 ======
====== ====== ====== Net Asset Value at April 30 (Common Shares)
------------------------------------------- Net assets (000)
$340,978 $533,421 Shares outstanding (000) 33,630 33,601 Net asset
value per share outstanding $10.14 $15.88 Market Value Summary
(Common Shares) ------------------------------------ Market price
on NYSE at April 30 $9.62 $14.96 High market price (period ended
April 30) $9.89 $16.07 Low market price (period ended April 30)
$6.79 $13.36 DATASOURCE: Eaton Vance Management CONTACT: Investor
Contact of Eaton Vance Management, +1-800-262-1122 Web Site:
http://www.eatonvance.com/
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