Eaton Vance Senior Income Trust (NYSE: EVF), (the” Fund”), a closed-end management investment company, today announced the earnings of the Fund for the three-month period and year ended June 30, 2007. The Fund’s fiscal year ended on June 30, 2007.
For the three months ended June 30, 2007, the Fund had net investment income of $7,089,398 ($0.194 per common share). From this amount, the Fund paid dividends on preferred shares of $1,434,090 (equal to $0.039 for each common share), resulting in net investment income after preferred dividends of $5,655,308 or $0.155 per common share. For the year ended June 30, 2007, the Fund had net investment income of $29,211,586 ($0.801 per common share). From this amount, the Fund paid dividends on preferred shares of $5,610,210 (equal to $0.154 per common share), resulting in net investment income after preferred dividends of $23,601,376, or $0.647 per common share. In comparison, for the three months ended June 30, 2006, the Fund had net investment income of $6,887,064 ($0.189 per common share). From this amount, the Fund paid dividends on preferred shares of $1,308,136 (equal to $0.036 for each common share), resulting in net investment income after preferred dividends of $5,578,928 or $0.153 per common share. For the year ended June 30, 2006, the Fund had net investment income of $25,412,443 ($0.697 per common share). From this amount, the Fund paid dividends on preferred shares of $4,433,211 (equal to $0.122 per common share), resulting in net investment income after preferred dividends of $20,979,232, or $0.575 per common share.
Net realized and unrealized losses for the three months ended June 30, 2007 were $1,526,315 ($0.042 per common share). The Fund’s net realized and unrealized gains for the year ended June 30, 2007 were $2,064,095 ($0.060 per common share). In comparison, net realized and unrealized losses for the three months ended June 30, 2006 were $3,399,785 ($0.093 per common share). The Fund’s net realized and unrealized losses for the year ended June 30, 2006 were $763,068 ($0.026 per common share).
On June 30, 2007, net assets of the Fund applicable to common shares were $320,942,795. The net asset value per common share on June 30, 2007 was $8.80 based on 36,466,497 shares outstanding. In comparison, on June 30, 2006, net assets of the Fund applicable to common shares were $318,871,148. The net asset value per common share on June 30, 2006 was $8.74 based on 36,466,497 shares outstanding.
The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp., which is listed on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had $153.6 billion in assets under management on June 30, 2007. Eaton Vance will make available periodic summary information regarding the Fund’s portfolio investments. Those interested should call Eaton Vance Management at 800-262-1122.
| EATON VANCE SENIOR INCOME TRUST | ||||||||||||
| SUMMARY OF RESULTS OF OPERATIONS | ||||||||||||
| (in thousands, except per share amounts) | ||||||||||||
| Three Months Ended | Year Ended | |||||||||||
| June 30, | June 30, | |||||||||||
| 2007 | 2006 | 2007 | 2006 | |||||||||
| Gross investment income | $10,527 | $10,267 | $43,135 | $37,959 | ||||||||
| Interest expense | (1,692 | ) | (1,618 | ) | (6,916 | ) | (5,651 | ) | ||||
| Operating expenses | (1,746 | ) | (1,762 | ) | (7,007 | ) | (6,896 | ) | ||||
| Net investment income | $7,089 | $6,887 | $29,212 | $25,412 | ||||||||
Net realized and unrealized gains (losses) on investments | ($1,526 | ) | ($3,400 | ) | $2,064 | ($763 | ) | |||||
| Preferred dividends paid | ($1,434 | ) | ($1,308 | ) | ($5,610 | ) | ($4,433 | ) | ||||
Net increase (decrease) in net assets from operations | $4,129 | $2,179 | $25,666 | $20,216 | ||||||||
| Earnings per Common Share Outstanding | ||||||||||||
| Gross investment income | $0.289 | $0.281 | $1.183 | $1.041 | ||||||||
| Interest expense | (0.046 | ) | (0.044 | ) | (0.190 | ) | (0.155 | ) | ||||
| Operating expenses | (0.049 | ) | (0.048 | ) | (0.192 | ) | (0.189 | ) | ||||
| Net investment income | $0.194 | $0.189 | $0.801 | $0.697 | ||||||||
Net realized and unrealized gains (losses) on investments | ($0.042 | ) | ($0.093 | ) | $0.060 | ($0.026 | ) | |||||
| Preferred dividends paid | (0.039 | ) | (0.036 | ) | (0.154 | ) | (0.122 | ) | ||||
Net increase (decrease) in net assets from operations | $0.113 | $0.060 | $0.707 | $0.549 | ||||||||
| Net investment income | $0.194 | $0.189 | $0.801 | $0.697 | ||||||||
| Preferred dividends paid | (0.039 | ) | (0.036 | ) | (0.154 | ) | (0.122 | ) | ||||
| Net investment income after preferred dividends | $0.155 | $0.153 | $0.647 | $0.575 | ||||||||
| Net Asset Value at June 30 (Common Share ) | ||||||||||||
| Net assets (000) | $320,943 | $318,871 | ||||||||||
| Shares outstanding (000) | 36,466 | 36,466 | ||||||||||
| Net asset value per share outstanding | $8.80 | $8.74 | ||||||||||
Market Value Summary (Common Share) | ||||||||||||
| Market price on NYSE at June 30 | $8.57 | $8.13 | ||||||||||
| High market price (year ended June 30) | $8.86 | $8.26 | ||||||||||
| Low market price (year ended June 30) | $8.00 | $7.71 | ||||||||||
Contacts:
Investor Contact:
800-262-1122
