Eaton Vance Floating-Rate Income Trust Report Of Earnings

          Eaton Vance Floating-Rate Income Trust Report Of Earnings

PR Newswire

BOSTON, Jan. 14, 2013

BOSTON, Jan. 14, 2013 /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 and the six months
ended November 30, 2012. The Fund's fiscal year ends on May 31, 2013.

For the three months ended November 30, 2012, the Fund had net investment
income of $10,980,511 ($0.293 per common share). From this amount, the Fund
paid dividends on preferred shares of $443,810 (equal to $0.012 for each
common share), resulting in net investment income after the preferred
dividends of $10,536,701 or $0.281 per common share. For the six months ended
November 30, 2012, the Fund had net investment income of $21,128,016 ($0.563
per common share). From this amount, the Fund paid dividends on preferred
shares of $818,061 (equal to $0.022 for each common share), resulting in net
investment income after the preferred dividends of $20,309,955 or $0.541 per
common share. In comparison, for the three months ended November 30, 2011,
the Fund had net investment income of $9,054,728 ($0.242 per common share).
From this amount, the Fund paid dividends on preferred shares of $294,874
(equal to $0.008 for each common share), resulting in net investment income
after the preferred dividends of $8,759,854 or $0.234 per common share. For
the six months ended November 30, 2011, the Fund had net investment income of
$18,475,784 ($0.493 per common share). From this amount, the Fund paid
dividends on preferred shares of $586,645 (equal to $0.016 for each common
share), resulting in net investment income after the preferred dividends of
$17,889,139 or $0.477 per common share.

Net realized and unrealized gains for the three months ended November 30, 2012
were $6,128,606 ($0.168 per common share). The Fund's net realized and
unrealized gains for the six months ended November 30, 2012 were $16,160,571
($0.435 per common share). In comparison, net realized and unrealized gains
for the three months ended November 30, 2011 were $15,890,333 ($0.426 per
common share). The Fund's net realized and unrealized losses for the six
months ended November 30, 2011 were $29,824,715 ($0.794 per common share).

On November 30, 2012, net assets of the Fund applicable to common shares were
$599,275,764. The net asset value per common share on November 30, 2012 was
$15.96 based on 37,546,741 common shares outstanding. In comparison, on
November 30, 2011, net assets of the Fund applicable to common shares were
$565,945,110. The net asset value per common share on November 30, 2011 was
$15.10 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 $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.

    EATON VANCE FLOATING-RATE INCOME TRUST
    SUMMARY OF RESULTS OF OPERATIONS
    (in thousands, except per share amounts)
                                     Three Months Ended  Six Months Ended
                                     November 30,        November 30,
                                     2012       2011     2012      2011
Gross investment income              $13,864    $11,687  $26,920   $23,747
Operating expenses                   (2,045)    (1,785)  (4,059)   (3,604)
Interest expense                     (838)      (847)    (1,733)   (1,667)
    Net investment income            $10,981    $9,055   $21,128   $18,476
Net realized and unrealized gains
(losses)
 on investments                     $6,129     $15,890  $16,161   ($29,825)
Preferred dividends paid from net    (444)      (295)    (818)     (587)
investment income
    Net increase (decrease) in net
    assets
     from operations                $16,666    $24,650  $36,471   ($11,936)
Earnings per Common Share
Outstanding
Gross investment income              $0.369     $0.311   $0.717    $0.633
Operating expenses                   (0.054)    (0.047)  (0.108)   (0.096)
Interest expense                     (0.022)    (0.022)  (0.046)   (0.044)
    Net investment income           $0.293     $0.242   $0.563    $0.493
Net realized and unrealized gains
(losses)
 on investments                     $0.168     $0.426   $0.435    ($0.794)
Preferred dividends paid from net    (0.012)    (0.008)  (0.022)   (0.016)
investment income
    Net increase (decrease) in net
    assets
     from operations                $0.449     $0.660   $0.976    ($0.317)
Net investment income                $0.293     $0.242   $0.563    $0.493
Preferred dividends paid from net    (0.012)    (0.008)  (0.022)   (0.016)
investment income
Net investment income after          $0.281     $0.234   $0.541    $0.477
preferred dividends
Net Asset Value at November 30
(Common Shares )
    Net assets (000)                                     $599,276  $565,945
    Shares outstanding (000)                             37,547    37,487
    Net asset value per share                            $15.96    $15.10
    outstanding
Market Value Summary (Common Shares
)
    Market price on NYSE at                              $16.42    $14.53
    November 30
    High market price (six months ended                  $17.13    $16.57
    November 30)
    Low market price (six months ended                   $14.87    $13.47
    November 30)



SOURCE Eaton Vance Management

Website: http://www.eatonvance.com
Contact: Investor Contact, 1-800-262-1122
 
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