BOSTON, May 20, 2011 /PRNewswire/ -- 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 (together the "Funds"), have approved a change to the Funds' investment policies to expand the "Authorized Foreign Currencies" in which the Funds may invest to include Australian dollars. The Funds invest primarily in senior, secured floating rate loans ("senior loans") denominated in U.S. dollars, but may invest up to 15% of net assets in senior loans denominated in Authorized Foreign Currencies, which include euros, British pounds, Swiss francs, Canadian dollars and, going forward, Australian dollars. The Funds currently seek to hedge against currency fluctuations related to Authorized Foreign Currency senior loan holdings through the use of currency exchange contracts.
Eaton Vance is one of the oldest investment management firms in the United States, with a history dating to 1924. Eaton Vance and its affiliates managed $203.0 billion in assets as of April 30, 2011, 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.
SOURCE Eaton Vance