Eaton Vance Senior Income Trust · NYSE:EVF
Eaton Vance Senior Income Trust — Proxy Contest (October 2020)
7 slides from Eaton Vance Senior Income Trust's proxy contest presentation, Oct 21, 2020
Slide 1: Eaton Vance Senior Income Trust (EVF): A Presentation to Institutional Shareholder Services
EATON VANCE SENIOR INCOME TRUST (EVF) A PRESENTATION TO INSTITUIONAL SHAREHOLDER SERVICES INC. OCTOBER 21, 2020
Slide 2: Summary
Summary As the largest investor in EVF, Total Shareholder Return Saba’s interests are aligned with all shareholders. Detailed Performance vs. Benchmark EVF’s performance has been Amended By-Laws substantially worse than its benchmark. Expense Ratio Comparison Saba’s slate of nominees are qualified a
Slide 3: Performance Analysis
Performance Analysis Fund Statistics EVF Nav Benchmark Ann. Returns 4.63% 4.67% Ann. Volatility 11.23% 6.48% Sources: Bloomberg Saba Capital PAGE 3 Strictly Private and Confidential
Slide 4: Performance Analysis Pt. 2
Performance Analysis Pt. 2 While the benchmark had only 11 months of returns worse than -2%, EVF had 33; with one month -26% whereas the index worst month was -13% Sources: Bloomberg Saba Capital PAGE 4 Strictly Private and Confidential
Slide 5: Expense Ratio Comparison
Expense Ratio Comparison 2019 EVF Expenses Excluding Interest and Fees: 1.73%! 2019 Active High-Yield Bond Fund Average: 0.67%! Saba Capital PAGE 5 Strictly Private and Confidential
Slide 6: Eaton Vance Floating-Rate Income Plus Fund Results
Eaton Vance Floating-Rate Income Plus Fund Results Saba Capital PAGE 6 Strictly Private and Confidential
Slide 7: Amended By-Laws
Amended By-Laws 6/8/2020 – Saba files initial 13D notifying EVF of intent to Nominate at 2020 Annual Meeting “The Reporting Persons intend to nominate a slate of highly-qualified director candidates for election to the Issuer’s board of directors (the “Board”) at the Issuer’s 2020 annual meeting of
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