BOSTON, Dec. 14, 2012 /PRNewswire/ -- 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 December 31, 2012, to
shareholders of record on December
24, 2012. The ex-date is December 20, 2012. The distribution per
share for each Fund is as follows:
Fund
|
Per
Share
Distribution
|
Eaton
Vance Floating-Rate Income Trust (NYSE:
EFT)
|
$0.089
|
Eaton
Vance Senior Floating-Rate Trust (NYSE:
EFR)
|
$0.093
|
It is also anticipated that each of the Funds will accelerate
the declaration and payment of its January
2013 monthly distribution to avoid being subject to 2012
federal excise tax. The Funds' January distributions are
expected to be declared later this month and payable in early
January to shareholders of record on December 31, 2012. In February 2013, each Fund expects to resume its
regular monthly distribution and payment schedule.
At this time the Funds believe that a portion of the December
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://funds.eatonvance.com. The
final determination of tax characteristics of each Fund's
distributions 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 $199.5 billion
in assets as of October 31, 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.
Shares of closed-end funds often trade at a discount from their
net asset value. The market price of Fund shares may vary from net
asset value based on factors affecting the supply and demand for
shares, such as Fund distribution rates relative to similar
investments, investors' expectations for future distribution
changes, the clarity of the Fund's investment strategy and future
return expectations, and investors' confidence in the underlying
markets in which the Fund invests. Fund shares are subject to
investment risk, including possible loss of principal invested. No
Fund is a complete investment program and you may lose money
investing in a Fund. An investment in a Fund may not be appropriate
for all investors. Before investing, prospective investors should
consider carefully the Fund's investment objective, risks, charges
and expenses.
SOURCE Eaton Vance Management