BOSTON, Dec. 22, 2010 /PRNewswire-FirstCall/ -- Eaton
Vance Management, the Boston-based
investment adviser, announced the monthly distributions declared on
the common shares of two of its closed-end bank loan funds (the
"Funds"). As portfolio and market conditions change, the rate of
future distributions may change. The distributions are expected to
be paid on January 12, 2011, to
shareholders of record on December 31,
2010. The ex-date is December
29, 2010. The declaration, record and payment dates of
the regular January distribution have been accelerated to allow the
Funds to meet their 2010 distribution requirements for federal
excise tax purposes. The Funds expect to declare their next
regular monthly distribution in the middle of February for payment
at the end of February. The distribution per share for each Fund is
as follows:
|
|
|
Regular
|
Special
|
Total
|
|
|
Distribution
|
Distribution
|
Distribution
|
|
Fund
|
Per
Share
|
Per
Share
|
Per
Share
|
|
Eaton Vance Floating-Rate Income
Trust (NYSE: EFT)
|
$0.086
|
$0.000
|
$0.086
|
|
Eaton Vance Senior Floating-Rate
Trust (NYSE: EFR)
|
$0.087
|
$0.050
|
$0.137
|
|
|
|
|
|
|
|
Eaton Vance Senior Floating-Rate Trust's special distribution is
being paid as a result of tax gains from foreign currency hedging
transactions related to foreign denominated bank loans and to
enable the Fund to meet its 2010 distribution requirement for
federal excise tax purposes.
At this time the Funds believe that a portion of the January
distributions may be comprised of amounts from sources other than
net investment income. If that is the case, you will be
notified in writing. Further information will be available
prior to the payment date at http://individuals.eatonvance.com.
The final determination of tax characteristics of each Fund's
distribution will occur after the end of the year, at which time it
will be reported to the shareholders.
The Funds are 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 $185.2 billion
in assets as of October 31, 2010,
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.
SOURCE Eaton Vance Management