EATON VANCE CORP. 
By BOSTON, Jan. 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 and the year ended October 31, 2012. The Trust's fiscal year ended on October 31, 2012.
For the three months ended October 31, 2012, the Trust had net investment income of $10,333,132 ($0.305 per common share). From this amount, the Trust paid dividends on preferred shares of $59,802 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $10,273,330 or $0.304 per common share. For the year ended October 31, 2012, the Trust had net investment income of $37,073,434 ($1.097 per common share). From this amount, the Trust paid dividends on preferred shares of $218,137 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $36,855,297 or $1.091 per common share. In comparison, for the three months ended October 31, 2011, the Trust had net investment income of $8,515,952 ($0.252 per common share). From this amount, the Trust paid dividends on preferred shares of $54,881 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $8,461,071 or $0.250 per common share. For the year ended October 31, 2011, the Trust had net investment income of $34,231,038 ($1.014 per common share). From this amount, the Trust paid dividends on preferred shares of $291,157 (equal to $0.009 for each common share), resulting in net investment income after the preferred dividends of $33,939,881 or $1.005 per common share.
Net realized and unrealized gains for the three months ended October 31, 2012 were $8,806,426 ($0.257 per common share) and net realized and unrealized gains for the year ended October 31, 2012 were $23,115,651 ($0.681 per common share). In comparison, net realized and unrealized losses for the three months ended October 31, 2011 were $14,016,650 ($0.407 per common share) and net realized and unrealized losses for the year ended October 31, 2011 were $731,888 ($0.013 per common share).
On October 31, 2012, net assets of the Trust were $528,464,746. The net asset value per common share on October 31, 2012 was $15.63 based on 33,810,170 common shares outstanding. In comparison, on October 31, 2011, net assets of the Trust were $503,382,546. The net asset value per common share on October 31, 2011 was $14.91 based on 33,767,691 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 $199.5 billion in assets as of October 31, 2012 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 Year Ended
October 31, October 31,
----------- -----------
2012 2011 2012 2011
---- ---- ---- ----
Gross investment income $12,678 $10,735 $46,353 $43,110
Operating expenses (1,811) (1,655) (7,104) (6,624)
Interest expense (534) (564) (2,176) (2,255)
---- ---- ------ ------
Net investment income $10,333 $8,516 $37,073 $34,231
Net realized and unrealized gains (losses)
on investments $8,807 $(14,017) $23,116 $(732)
Preferred dividends paid from net
investment income (60) (55) (218) (291)
--- --- ---- ----
Net increase (decrease) in net assets
from operations $19,080 $(5,556) $59,971 $33,208
Earnings per Common Share Outstanding
Gross investment income $0.375 $0.318 $1.372 $1.277
Operating expenses (0.053) (0.049) (0.210) (0.196)
Interest expense (0.017) (0.017) (0.065) (0.067)
------ ------ ------ ------
Net investment income $0.305 $0.252 $1.097 $1.014
Net realized and unrealized gains (losses)
on investments $0.257 $(0.407) $0.681 $(0.013)
Preferred dividends paid from net
investment income (0.001) (0.002) (0.006) (0.009)
------ ------ ------ ------
Net increase (decrease) in net assets
from operations $0.561 $(0.157) $1.772 $0.992
Net investment income $0.305 $0.252 $1.097 $1.014
Preferred dividends paid from net
investment income (0.001) (0.002) (0.006) (0.009)
------ ------ ------ ------
Net investment income after preferred
dividends $0.304 $0.250 $1.091 $1.005
------ ------ ------ ------
Net Asset Value at October 31 (Common
Shares)
-------------------------------------
Net assets $528,465 $503,383
Shares outstanding 33,810 33,768
Net asset value per share outstanding $15.63 $14.91
Market Value Summary (Common Shares)
-----------------------------------
Market price on NYSE at October 31 $16.25 $14.55
High market price (period ended October 31) $16.88 $18.38
Low market price (period ended October 31) $13.67 $13.43
SOURCE Eaton Vance Management
