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 ended September 30, 2008. The Trust’s fiscal year ends on June 30, 2009.
For the three months ended September 30, 2008, the Trust had net investment income of $5,683,646 ($0.156 per common share). From this amount, the Trust paid dividends on preferred shares of $706,896 (equal to $0.019 for each common share), resulting in net investment income after preferred dividends of $4,976,750 or $0.137 per common share. In comparison, for the three months ended September 30, 2007, the Trust had net investment income of $7,379,699 ($0.202 per common share). From this amount, the Trust paid dividends on preferred shares of $1,543,853 (equal to $0.042 for each common share), resulting in net investment income after preferred dividends of $5,835,846 or $0.160 per common share.
Net realized and unrealized losses for the three months ended September 30, 2008 were $38,366,328 ($1.052 per common share). In comparison, net realized and unrealized losses for the three months ended September 30, 2007 were $17,875,597 ($0.490 per common share).
On September 30, 2008, net assets of the Trust applicable to common shares were $234,772,976. The net asset value per common share on September 30, 2008 was $6.44 based on 36,466,497 common shares outstanding. On September 30, 2007, net assets of the Trust applicable to common shares were $303,285,769. The net asset value per common share on September 30, 2007 was $8.32 based on 36,466,497 common 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 $144.0 billion in assets under management on September 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 | Three Months Ended | |||||||
| September 30, | September 30, | |||||||
| 2008 | 2007 | |||||||
| Gross investment income | $7,770 | $10,883 | ||||||
| Interest expense | (773 | ) | (1,628 | ) | ||||
| Operating expenses | (1,313 | ) | (1,875 | ) | ||||
| Net investment income | $5,684 | $7,380 | ||||||
Net realized and unrealized gains (losses) on investments | ($38,366 | ) | ($17,876 | ) | ||||
| Preferred dividends paid | ($707 | ) | ($1,544 | ) | ||||
Net increase (decrease) in net assets from operations | ($33,389 | ) | ($12,040 | ) | ||||
Earnings per Common Share Outstanding | ||||||||
| Gross investment income | $0.213 | $0.298 | ||||||
| Interest expense | (0.021 | ) | (0.045 | ) | ||||
| Operating expenses | (0.036 | ) | (0.051 | ) | ||||
| Net investment income | $0.156 | $0.202 | ||||||
Net realized and unrealized gains (losses) on investments | ($1.052 | ) | ($0.490 | ) | ||||
| Preferred dividends paid | (0.019 | ) | (0.042 | ) | ||||
Net increase (decrease) in net assets from operations | ($0.915 | ) | ($0.330 | ) | ||||
| Net investment income | $0.156 | $0.202 | ||||||
| Preferred dividends paid | (0.019 | ) | (0.042 | ) | ||||
| Net investment income after preferred dividends | $0.137 | $0.160 | ||||||
Net Asset Value at September 30 (Common Shares) | ||||||||
| Net assets (000) | $234,773 | $303,286 | ||||||
| Shares outstanding (000) | 36,466 | 36,466 | ||||||
| Net asset value per share outstanding | $6.44 | $8.32 | ||||||
Market Value Summary (Common Shares) | ||||||||
| Market price on NYSE at September 30 | $4.90 | $7.96 | ||||||
| High market price period ended September 30 | $6.64 | $8.62 | ||||||
| Low market price period ended September 30 | $4.82 | $7.24 | ||||||
Contacts:
Investor Contact,
800-262-1122
