BOSTON, June 19 /PRNewswire-FirstCall/ -- The Trustees of Eaton Vance Floating-Rate Income Trust (NYSE: EFT), Eaton Vance Senior Floating-Rate Trust (NYSE: EFR) and Eaton Vance Senior Income Trust (NYSE: EVF), each a diversified closed-end investment company (collectively, the "Trusts" and each a "Trust"), have approved a clarification of the Trusts' investment policies with respect to investments in equity securities. Under normal market conditions, each Trust invests at least 80% of its total assets in senior, secured floating-rate loans ("Senior Loans"). The remaining investment assets of each Trust may include, among other types of investments, equity securities that are: (1) in the case of Floating-Rate Income Trust and Senior Floating-Rate Trust, issued by a borrower of a Senior Loan in which the Trust invests (or such borrower's affiliates) as part of a package of investments in the borrower or its affiliates; or (2) in the case of Senior Income Trust, acquired in connection with an investment in a Senior Loan. Each Trust may accept equity securities in connection with a debt restructuring or reorganization of a borrower either inside or outside of bankruptcy. The clarification provides that if a Trust holds equity securities issued in exchange for a Senior Loan or issued in connection with the debt restructuring or reorganization of a borrower, the Trust may acquire additional equity securities of such borrower (or such borrower's affiliates) if, in the judgment of the investment adviser, such an investment may enhance the value of a Senior Loan held or would otherwise be consistent with the Trust's investment policies.

The Trusts are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $127.2 billion in assets as of April 30, 2009, offering individuals and institutions a broad array of investment products 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.

SOURCE Eaton Vance