Eaton Vance Senior Income Trust (NYSE: EVF), (the”Trust”), a closed-end management investment company, today announced the earnings of the Trust for the three months and for the year ended June 30, 2008. The Trust’s fiscal year ended on June 30, 2008.
For the three months ended June 30, 2008, the Trust had net investment income of $5,442,676 ($0.150 per common share). From this amount, the Trust paid dividends on preferred shares of $744,686 (equal to $0.021 for each common share), resulting in net investment income after preferred dividends of $4,697,990 or $0.129 per common share. For the year ended June 30, 2008, the Trust had net investment income of $27,044,311 ($0.742 per common share). From this amount, the Trust paid dividends on preferred shares of $4,841,699 (equal to $0.133 per common share), resulting in net investment income after preferred dividends of $22,202,612, or $0.609 per common share. In comparison, for the three months ended June 30, 2007, the Trust had net investment income of $7,089,398 ($0.194 per common share). From this amount, the Trust 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 Trust had net investment income of $29,211,586 ($0.801 per common share). From this amount, the Trust 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.
Net realized and unrealized gains for the three months ended June 30, 2008 were $13,376,635 ($0.363 per common share). The Trust’s net realized and unrealized losses for the year ended June 30, 2008 were $48,142,664 ($1.324 per common share). In comparison, net realized and unrealized losses for the three months ended June 30, 2007 were $1,526,315 ($0.042 per common share). The Trust’s net realized and unrealized gains for the year ended June 30, 2007 were $2,064,095 ($0.060 per common share).
On June 30, 2008, net assets of the Trust applicable to common shares were $272,940,512. The net asset value per common share on June 30, 2008 was $7.48 based on 36,466,497 shares outstanding. In comparison, on June 30, 2007, net assets of the Trust 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.
The Trust 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 $156.7 billion in assets under management on June 30, 2008. Eaton Vance management will make available periodic summary information regarding 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, | ||||||||||||||||||
| 2008 | 2007 | 2008 | 2007 | ||||||||||||||||
| Gross investment income | $ | 7,806 | $ | 10,527 | $ | 38,905 | $ | 43,135 | |||||||||||
| Interest expense | (969 | ) | (1,692 | ) | (5,568 | ) | (6,916 | ) | |||||||||||
| Operating expenses | (1,394 | ) | (1,746 | ) | (6,293 | ) | (7,007 | ) | |||||||||||
| Net investment income | $ | 5,443 | $ | 7,089 | $ | 27,044 | $ | 29,212 | |||||||||||
Net realized and unrealized gains (losses) | $ | 13,377 | ($1,526 | ) | ($48,142 | ) | $ | 2,064 | |||||||||||
| Preferred dividends paid | ($745 | ) | ($1,434 | ) | ($4,842 | ) | ($5,610 | ) | |||||||||||
Net increase (decrease) in net assets | $ | 18,075 | $ | 4,129 | ($25,940 | ) | $ | 25,666 | |||||||||||
Earnings per Common Share Outstanding | |||||||||||||||||||
| Gross investment income | $ | 0.215 | $ | 0.289 | $ | 1.068 | $ | 1.183 | |||||||||||
| Interest expense | (0.027 | ) | (0.046 | ) | (0.153 | ) | (0.190 | ) | |||||||||||
| Operating expenses | (0.038 | ) | (0.049 | ) | (0.173 | ) | (0.192 | ) | |||||||||||
| Net investment income | $ | 0.150 | $ | 0.194 | $ | 0.742 | $ | 0.801 | |||||||||||
Net realized and unrealized gains (losses) | $ | 0.363 | ($0.042 | ) | ($1.324 | ) | $ | 0.060 | |||||||||||
| Preferred dividends paid | (0.021 | ) | (0.039 | ) | (0.133 | ) | (0.154 | ) | |||||||||||
Net increase (decrease) in net assets | $ | 0.492 | $ | 0.113 | ($0.715 | ) | $ | 0.707 | |||||||||||
| Net investment income | $ | 0.150 | $ | 0.194 | $ | 0.742 | $ | 0.801 | |||||||||||
| Preferred dividends paid | (0.021 | ) | (0.039 | ) | (0.133 | ) | (0.154 | ) | |||||||||||
| Net investment income after preferred dividends | $ | 0.129 | $ | 0.155 | $ | 0.609 | $ | 0.647 | |||||||||||
Net Asset Value at June 30 (Common Share ) | |||||||||||||||||||
| Net assets (000) | $ | 272,941 | $ | 320,943 | |||||||||||||||
| Shares outstanding (000) | 36,466 | 36,466 | |||||||||||||||||
| Net asset value per share outstanding | $ | 7.48 | $ | 8.80 | |||||||||||||||
Market Value Summary (Common Share ) | |||||||||||||||||||
| Market price on NYSE at June 30 | $ | 6.62 | $ | 8.57 | |||||||||||||||
| High market price (year ended June 30) | $ | 8.62 | $ | 8.86 | |||||||||||||||
| Low market price (year ended June 30) | $ | 6.26 | $ | 8.00 | |||||||||||||||
Contacts:
Investor Contact: 800-262-1122
