Click here to close now.

Welcome!

News Feed Item

Eaton Vance Senior Floating-Rate Trust Report Of Earnings

BOSTON, Aug. 13, 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 six months ended April 30, 2014. The Trust's fiscal year ends on October 31, 2014.

For the three months ended April 30, 2014, the Trust had net investment income of $6,342,571 ($0.173 per common share). From this amount, the Trust paid dividends on preferred shares of $35,792 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $6,306,779 or $0.172 per common share. For the six months ended April 30, 2014, the Trust had net investment income of $17,095,638 ($0.464 per common share). From this amount, the Trust paid dividends on preferred shares of $69,580 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $17,026,058 or $0.462 per common share. In comparison, for the three months ended April 30, 2013, the Trust had net investment income of $8,924,401 ($0.252 per common share). From this amount, the Trust paid dividends on preferred shares of $51,696 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $8,872,705 or $0.251 per common share. For the six months ended April 30, 2013, the Trust had net investment income of $18,277,804 ($0.528 per common share). From this amount, the Trust paid dividends on preferred shares of $115,191 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $18,162,613 or $0.525 per common share. 

Net realized and unrealized losses for the three months ended April 30, 2014 were $3,811,940 ($0.104 per common share) and net realized and unrealized losses for the six months ended April 30, 2014 were $2,968,260 ($0.081 per common share). In comparison, net realized and unrealized gains for the three months ended April 30, 2013 were $4,588,700 ($0.125 per common share) and net realized and unrealized gains for the six months ended April 30, 2013 were $11,673,103 ($0.334 per common share). 

On April 30, 2014, net assets of the Trust were $577,018,236. The net asset value per common share on April 30, 2014 was $15.66 based on 36,841,535 common shares outstanding. In comparison, on April 30, 2013, net assets of the Trust were $577,298,948. The net asset value per common share on April 30, 2013 was $16.00 based on 36,074,786 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 $293.6 billion in assets as of June 30, 2014 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


Six Months Ended




April 30,


April 30,




2014


2013


2014


2013

Gross investment income


$  8,825


$ 11,308


$   22,173


$   23,052

Operating expenses


(1,925)


(1,866)


(3,942)


(3,711)

Interest expense


(557)


(517)


(1,135)


(1,063)


Net investment income


$  6,343


$   8,925


$   17,096


$   18,278

Net realized and unrealized gains (losses)









  on investments


$(3,812)


$   4,589


$    (2,968)


$   11,673

Preferred dividends paid from net investment income


(36)


(52)


(70)


(115)


Net increase (decrease) in net assets










  from operations


$  2,495


$ 13,462


$   14,058


$   29,836











Earnings per Common Share Outstanding









Gross investment income


$  0.240


$   0.320


$     0.602


$     0.666

Operating expenses


(0.052)


(0.053)


(0.107)


(0.107)

Interest expense


(0.015)


(0.015)


(0.031)


(0.031)


Net investment income 


$  0.173


$   0.252


$     0.464


$     0.528

Net realized and unrealized gains (losses)









  on investments


$(0.104)


$   0.125


$    (0.081)


$     0.334

Preferred dividends paid from net investment income


(0.001)


(0.001)


(0.002)


(0.003)


Net increase (decrease) in net assets










  from operations


$  0.068


$   0.376


$     0.381


$     0.859











Net investment income 


$  0.173


$   0.252


$     0.464


$     0.528

Preferred dividends paid from net investment income


(0.001)


(0.001)


(0.002)


(0.003)

Net investment income after preferred dividends


$  0.172


$   0.251


$     0.462


$     0.525





















Net Asset Value at April 30 (Common Shares)










Net assets 






$ 577,018


$ 577,299


Shares outstanding 






36,842


36,075


Net asset value per share outstanding






$     15.66


$     16.00











Market Value Summary (Common Shares)










Market price on NYSE at April 30






$     14.93


$     17.37


High market price (period ended April 30)






$     15.71


$     17.62


Low market price (period ended April 30)






$     14.80


$     15.66











 

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
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
"AgilData is the next generation of dbShards. It just adds a whole bunch more functionality to improve the developer experience," noted Dan Lynn, CEO of AgilData, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures. Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer. Only in today's DevOps world, continuous testing, integration, and deployment upend...
"We provide a web application framework for building really sophisticated web applications that run on a browser without any installation need so we get used for biotech, defense, and banking applications," noted Charles Kendrick, CTO and Chief Architect at Isomorphic Software, in this SYS-CON.tv interview at @DevOpsSummit (http://DevOpsSummit.SYS-CON.com), held June 9-11, 2015, at the Javits Center in New York
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
In the midst of the widespread popularity and adoption of cloud computing, it seems like everything is being offered “as a Service” these days: Infrastructure? Check. Platform? You bet. Software? Absolutely. Toaster? It’s only a matter of time. With service providers positioning vastly differing offerings under a generic “cloud” umbrella, it’s all too easy to get confused about what’s actually being offered. In his session at 16th Cloud Expo, Kevin Hazard, Director of Digital Content for SoftL...
"A lot of the enterprises that have been using our systems for many years are reaching out to the cloud - the public cloud, the private cloud and hybrid," stated Reuven Harrison, CTO and Co-Founder of Tufin, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...