EFT Eaton Vance Floating Rate Income Trust

BOSTON, Oct. 16, 2012 /PRNewswire/ -- Eaton Vance Floating-Rate Income Trust (NYSE: EFT) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months ended August 31, 2012.  The Fund's fiscal year ends on May 31, 2013.

For the three months ended August 31, 2012, the Fund had net investment income of $10,147,505 ($0.270 per common share).  From this amount, the Fund paid dividends on preferred shares of $374,251 (equal to $0.010 for each common share), resulting in net investment income after the preferred dividends of $9,773,254 or $0.260 per common share.  In comparison, for the three months ended August 31, 2011, the Fund had net investment income of $9,421,056 ($0.251 per common share).  From this amount, the Fund paid dividends on preferred shares of $291,771 (equal to $0.008 for each common share), resulting in net investment income after the preferred dividends of $9,129,285 or $0.243 per common share.   

Net realized and unrealized gains for the three months ended August 31, 2012 were $10,031,965 ($0.267 per common share).  In comparison, net realized and unrealized losses for the three months ended August 31, 2011 were $45,715,048 ($1.220 per common share).

On August 31, 2012, net assets of the Fund applicable to common shares were $592,317,207.  The net asset value per common share on August 31, 2012 was $15.78 based on 37,524,476 common shares outstanding.  In comparison, on August 31, 2011, net assets of the Fund applicable to common shares were $550,404,260.  The net asset value per common share on August 31, 2011 was $14.68 based on 37,486,982 common shares outstanding.

The Fund periodically makes certain performance data and information about portfolio characteristics available on www.eatonvance.com (on the fund information page under "Individual Investors – Closed-End Funds").  Fund portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end. 

The Fund is 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 $198.2 billion in assets as of September 30, 2012, 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