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 and six months ended December 31, 2007. The Fund’s fiscal year ends on June 30, 2008.
For the three months ended December 31, 2007, the Fund had net investment income of $7,483,993 ($0.206 per common share). From this amount, the Fund paid dividends on preferred shares of $1,449,090 (equal to $0.040 for each common share), resulting in net investment income after preferred dividends of $6,034,903 or $0.166 per common share. For the six months ended December 31, 2007, the Fund had net investment income of $14,863,692 ($0.408 per common share). From this amount, the Fund paid dividends on preferred shares of $2,992,943 (equal to $0.082 per common share), resulting in net investment income after preferred dividends of $11,870,749, or $0.326 per common share. In comparison, for the three months ended December 31, 2006, the Fund had net investment income of $7,593,405 ($0.208 per common share). From this amount, the Fund paid dividends on preferred shares of $1,422,926 (equal to $0.039 for each common share), resulting in net investment income after preferred dividends of $6,170,479 or $0.169 per common share. For the six months ended December 31, 2006, the Fund had net investment income of $14,947,372 ($0.410 per common share). From this amount, the Fund paid dividends on preferred shares of $2,814,039 (equal to $0.077 per common share), resulting in net investment income after preferred dividends of $12,133,333, or $0.333 per common share.
Net realized and unrealized losses for the three months ended December 31, 2007 were $10,270,941 ($0.333 per common share). The Fund’s net realized and unrealized losses for the six months ended December 31, 2007 were $28,146,538 ($0.823 per common share). In comparison, net realized and unrealized gains for the three months ended December 31, 2006 were $1,721,800 ($0.047 per common share). The Fund’s net realized and unrealized gains for the six months ended December 31, 2006 were $1,927,991 ($0.057 per common share).
On December 31, 2007, net assets of the Fund applicable to common shares were $291,356,734. The net asset value per common share on December 31, 2007 was $7.99 based on 36,466,497 shares outstanding. In comparison, on December 31, 2006, net assets of the Fund applicable to common shares were $319,075,203. The net asset value per common share on December 31, 2006 was $8.75 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 $158.5 billion in assets under management on December 31, 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 | Six Months Ended | |||||||||||
| December 31, | December 31, | |||||||||||
| 2007 | 2006 | 2007 | 2006 | |||||||||
| Gross investment income | $10,712 | $11,105 | $21,594 | $22,001 | ||||||||
| Interest expense | (1,739 | ) | (1,771 | ) | (3,367 | ) | (3,546 | ) | ||||
| Operating expenses | (1,489 | ) | (1,741 | ) | (3,363 | ) | (3,508 | ) | ||||
| Net investment income | $7,484 | $7,593 | $14,864 | $14,947 | ||||||||
Net realized and unrealized gains (losses) on investments | ($10,271 | ) | $1,722 | ($28,147 | ) | $1,928 | ||||||
| Preferred dividends paid | ($1,449 | ) | ($1,423 | ) | ($2,993 | ) | ($2,814 | ) | ||||
Net increase (decrease) in net assets from operations | ($4,236 | ) | $7,892 | ($16,276 | ) | $14,061 | ||||||
| Earnings per Common Share Outstanding | ||||||||||||
| Gross investment income | $0.294 | $0.305 | $0.592 | $0.603 | ||||||||
| Interest expense | (0.047 | ) | (0.049 | ) | (0.092 | ) | (0.097 | ) | ||||
| Operating expenses | (0.041 | ) | (0.048 | ) | (0.092 | ) | (0.096 | ) | ||||
| Net investment income | $0.206 | $0.208 | $0.408 | $0.410 | ||||||||
Net realized and unrealized gains (losses) on investments | ($0.333 | ) | $0.047 | ($0.823 | ) | $0.057 | ||||||
| Preferred dividends paid | (0.040 | ) | (0.039 | ) | (0.082 | ) | (0.077 | ) | ||||
Net increase (decrease) in net assets from operations | ($0.167 | ) | $0.216 | ($0.497 | ) | $0.390 | ||||||
| Net investment income | $0.206 | $0.208 | $0.408 | $0.410 | ||||||||
| Preferred dividends paid | (0.040 | ) | (0.039 | ) | (0.082 | ) | (0.077 | ) | ||||
| Net investment income after preferred dividends | $0.166 | $0.169 | $0.326 | $0.333 | ||||||||
Net Asset Value at December 31 (Common Shares) | ||||||||||||
| Net assets (000) | $291,357 | $319,075 | ||||||||||
| Shares outstanding (000) | 36,466 | 36,466 | ||||||||||
| Net asset value per share outstanding | $7.99 | $8.75 | ||||||||||
| Market Value Summary | ||||||||||||
| Market price on NYSE at December 31 | $7.12 | $8.31 | ||||||||||
| High market price (six months ended December 31) | $8.62 | $8.36 | ||||||||||
| Low market price (six months ended December 31) | $6.95 | $8.00 | ||||||||||
Contacts:
Investor Contact:
800-262-1122
