Eaton Vance Floating-Rate Income Trust Reports Earnings Results for the Three Months and Six Months Ended November 30, 2013
January 21, 2014 at 12:00 pm EST
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Eaton Vance Floating-Rate Income Trust reported earnings results for the three months and six months ended November 30, 2013. For the three months, the company reported net investment income of $8,933,511 or $0.224 per common share compared to $10,981,000 or $0.281 a year ago. The net investment income includes a deduction of $334,363 ($0.008 per common share) representing interest expense paid on Variable Rate Term Preferred Shares (VRTP Shares). Net asset value per share outstanding was $16.22 compared to $15.96 a year ago. Net realized and unrealized gains on investments were $4,542,000 compared to $6,129,000 a year ago.
For the six months, the company reported net investment income of $18,093,034 or $0.454 per common share compared to $21,128,000 or $0.541 a year ago. The net investment income includes a deduction of $676,578 ($0.017 per common share) representing interest expense paid on VRTP Shares. Net realized and unrealized losses on investments were $2,867,000 compared to net realized and unrealized gain on investments $16,161,000 a year ago.
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 
