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
SYS-CON Events announced today that Datanami has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datanami is a communication channel dedicated to providing insight, analysis and up-to-the-minute information about emerging trends and solutions in Big Data. The publication sheds light on all cutting-edge technologies including networking, storage and applications, and thei...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
"We do one of the best file systems in the world. We learned how to deal with Big Data many years ago and we implemented this knowledge into our software," explained Jakub Ratajczak, Business Development Manager at MooseFS, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
SYS-CON Events announced today that TechTarget has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
SYS-CON Events announced today that EnterpriseTech has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. EnterpriseTech is a professional resource for news and intelligence covering the migration of high-end technologies into the enterprise and business-IT industry, with a special focus on high-tech solutions in new product development, workload management, increased effi...