BOSTON, Dec. 21, 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 January 11, 2013, to
shareholders of record on December
31, 2012. The ex-dividend date is December 27, 2012. The declaration, record
and payment dates of the regular January distributions have been
accelerated to allow the Funds to meet their 2012 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:
Fund
|
Distribution
Per
Share
|
Eaton
Vance Floating-Rate Income Trust
(NYSE:EFT)
|
$0.089
|
Eaton
Vance Senior Floating-Rate Trust
(NYSE:EFR)
|
$0.093
|
A Fund's distribution rate may be affected by numerous factors,
including changes in realized and projected market returns, Fund
performance and other factors. There can be no assurance that an
unanticipated change in market conditions or other unforeseen
factors will not result in a change in a Fund's distribution rate
at a future time.
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://funds.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 $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