Welcome!

News Feed Item

Eaton Vance Senior Floating-Rate Trust Report of Earnings

BOSTON, Feb. 4, 2014 /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, 2013. The Trust's fiscal year ended on October 31, 2013.

For the three months ended October 31, 2013, the Trust had net investment income of $8,768,886 ($0.237 per common share). From this amount, the Trust paid dividends on preferred shares of $42,764 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $8,726,122 or $0.236 per common share. For the year ended October 31, 2013, the Trust had net investment income of $36,008,699 ($1.009 per common share). From this amount, the Trust paid dividends on preferred shares of $204,473 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $35,804,226 or $1.003 per common share. In comparison, 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. 

Net realized and unrealized losses for the three months ended October 31, 2013 were $1,339,474 ($0.023 per common share) and net realized and unrealized gains for the year ended October 31, 2013 were $4,605,474 ($0.145 per common share). In comparison, 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). 

On October 31, 2013, net assets of the Trust were $582,523,293. The net asset value per common share on October 31, 2013 was $15.81 based on 36,841,535 common shares outstanding. In comparison, 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.

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"). Trust 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 $283.3 billion in assets as of December 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 FLOATING-RATE TRUST

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)




















Three Months Ended


Year Ended







October 31,


October 31,







2013


2012


2013


2012

Gross investment income




$           11,393


$         12,678


$        45,974


$           46,353

Operating expenses





(2,037)


(1,811)


(7,732)


(7,104)

Interest expense





(587)


(534)


(2,233)


(2,176)


Net investment income



$             8,769


$         10,333


$        36,009


$           37,073

Net realized and unrealized gains (losses)









  on investments





$            (1,340)


$           8,807


$           4,605


$           23,116

Preferred dividends paid from net investment income

(42)


(60)


(204)


(218)


Net increase (decrease) in net assets









  from operations




$             7,387


$         19,080


$        40,410


$           59,971














Earnings per Common Share Outstanding









Gross investment income




$             0.309


$           0.375


$           1.289


$             1.372

Operating expenses





(0.056)


(0.053)


(0.217)


(0.210)

Interest expense





(0.016)


(0.017)


(0.063)


(0.065)


Net investment income 



$             0.237


$           0.305


$           1.009


$             1.097

Net realized and unrealized gains (losses)









  on investments





$            (0.023)


$           0.257


$           0.145


$             0.681

Preferred dividends paid from net investment income


(0.001)


(0.001)


(0.006)


(0.006)


Net increase (decrease) in net assets









  from operations




$             0.213


$           0.561


$           1.148


$             1.772














Net investment income 




$             0.237


$           0.305


$           1.009


$             1.097

Preferred dividends paid from net investment income

(0.001)


(0.001)


(0.006)


(0.006)

Net investment income after preferred dividends

$             0.236


$           0.304


$           1.003


$             1.091



























Net Asset Value at October 31 (Common Shares)









Net assets 









$      582,523


$        528,465


Shares outstanding 







36,842


33,810


Net asset value per share outstanding





$           15.81


$             15.63














Market Value Summary (Common Shares)










Market price on NYSE at October 31





$           15.80


$             16.25


High market price (period ended October 31)





$           17.62


$             16.88


Low market price (period ended October 31)





$           15.25


$             13.67














 

SOURCE Eaton Vance Management

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.