Eaton Vance Floating-Rate Income Trust Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2014
January 20, 2015 at 05:09 pm EST
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Eaton Vance Floating-Rate Income Trust reported earnings results for the second quarter and six months ended November 30, 2014. The Fund had net investment income of $8,849,024 or $0.222 per common share. The net investment income includes a deduction of $335,587 ($0.009 per common share) representing interest expense paid on Variable Rate Term Preferred Shares (VRTP Shares). In comparison, for the three months ended November 30, 2013, the Fund had net investment income of $8,933,511 ($0.224 per common share). The net investment income includes a deduction of $334,363 ($0.008 per common share) representing interest expense paid on VRTP Shares. Net realized and unrealized losses for the three months ended November 30, 2014 were $11,374,709 ($0.285 per common share). In comparison, net realized and unrealized gains for the three months ended November 30, 2013 were $4,542,395 ($0.120 per common share).
For the six months ended November 30, 2014, the Fund had net investment income of $17,450,499 ($0.438 per common share). The net investment income includes a deduction of $671,658 ($0.017 per common share) representing interest expense paid on VRTP Shares. For the six months ended November 30, 2013, the Fund had net investment income of $18,093,034 ($0.454 per common share). The net investment income includes a deduction of $676,578 ($0.017 per common share) representing interest expense paid on VRTP Shares. The Fund's net realized and unrealized losses for the six months ended November 30, 2014 were $15,049,457 ($0.377 per common share). The Fund's net realized and unrealized losses for the six months ended November 30, 2013 were $2,867,172 ($0.066 per common share). The net asset value per common share on November 30, 2014 was $15.70 based on 39,863,690 common shares outstanding.
Eaton Vance Floating-Rate Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust's investment objective is to provide a high level of current income. The Trust will, as a secondary objective, also seek preservation of capital to the extent consistent with its primary goal of high current income. The Trust invests in a range of sectors, including electronics/electrical, business equipment and services, health care, automotive, industrial equipment, chemicals, and plastics, building and development, oil and gas, radio and television, aerospace and defense, leisure goods/activities/movies, cosmetics / toiletries, electronics / electrical, industrial equipment, lodging and casinos, telecommunications, steel, entertainment, auto components, building products, consumer staples distribution and retail and insurance. Eaton Vance Management is the investment advisor of the Trust.
EATON VANCE FLOATING-RATE INCOME TRUST 
