#1 笨人自有笨办法——投资系列之二：一只基本可以放心睡觉的股票。
笨人自有笨办法——投资系列之二：一只基本可以放心睡觉的股票。
这是我抽空写的系列文章之二，把上次贴在网上的英文重新再加扩充编成为中文贴出，供有兴趣的网友参考。
我一般不愿意介绍个股，尽管有朋友希望我这样做。因为那实在是很吃力不讨好的一桩事情。这次一反常例，主要是觉得不少华人旧雨新知，仍然是一副怕嘶嘶的样子，对华尔街敬而远之。因此，不妨提出一些值得关注的东东。名列封闭式基金之一的EATON VANCE FLOATING 就是其中一个典型范例。
为什么今天要旧事重提呢？因为这支在纽约证券交易市场里代号为EFT 的股票今天又有极好的利好消息。周五的华尔街一片红色，但是这支股票长绿反而创了新高——每股达到十九点二十四美元。今天的增值几乎到百分之一，同时请不要忘记今天的股市大局。在我上次介绍的时候估计可以在十八点七二附近买到。那些一方面怕怕的另一方面可能又会感到不过瘾的朋友，也请不要忘记这支股票今年有百分之八点六五的红利率。如果，你识机早落手快，在去年五月以每股十七点四六美元能买下的话，一年下来资本增值加上红利总共有将近不到百分之二十或者说差不多在百分之十八以上的收益。
撇开资本增值不谈，光是如此之高的红利率8.65%也足能使你眼睛门前一亮。试问，你的定期有那么多的利息收益？三十年国债又是多少？稍微想一想就能想明白。
吸引人的还有其保守性。这是一家经营债券的公司，分别投资在若干个公司债券上组成一个基金组合。同时，又因为是封闭式的基金公司，不会无限制的扩大股东，这从另一方面也保证了它的运作合理性。
至于什么是封闭式基金，以后有机会再谈。希望有兴趣的网友自行再对这种类型的这支股票加以观察并作出你自己的判断。
预告：系列之三——比EFT更为保险的一种投资。
为方便英文娴熟的网友，兹将有关的一篇英文报道附录于下。
Eaton Vance Floating-Rate Income Trust Report of Earnings
Friday February 9, 12:54 PM EST
BOSTON, Feb 09, 2007 (BUSINESS WIRE) -- Eaton Vance Floating-Rate Income Trust (EFT) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three month period and six month period ended November 30, 2006. The Fund's fiscal year ends on May 31, 2007.
For the three months ended November 30, 2006, the Fund had net investment income of $20,497,825 ($0.550 per common share). From this amount, the Fund paid dividends on preferred shares of $5,552,303 (equal to $0.149 for each common share), resulting in net investment income after preferred dividends of $14,945,522 or $0.401 per common share. For the six months ended November 30, 2006, the Fund had net investment income of $40,613,098 ($1.089 per common share). From this amount, the Fund paid dividends on preferred shares of $11,136,547 (equal to $0.299 per common share), resulting in net investment income after preferred dividends of $29,476,551, or $0.790 per common share. In comparison, for the three months ended November 30, 2005, the Fund had net investment income of $16,293,328 ($0.437 per common share). From this amount, the Fund paid dividends on preferred shares of $4,049,324 (equal to $0.109 for each common share), resulting in net investment income after preferred dividends of $12,244,004 or $0.328 per common share. For the six months ended November 30, 2005, the Fund had net investment income of $31,623,216 ($0.848 per common share). From this amount, the Fund paid dividends on preferred shares of $7,618,710 (equal to $0.204 per common share), resulting in net investment income after preferred dividends of $24,004,506, or $0.644 per common share.
Net realized and unrealized gains for the three months ended November 30, 2006 were $1,647,885 ($0.044 per common share). The Fund's net realized and unrealized losses for the six months ended November 30, 2006 were $2,040,034 ($0.051 per common share). In comparison, net realized and unrealized losses for the three months ended November 30, 2005 were $7,095,537 ($0.190 per common share). The Fund's net realized and unrealized gains for the six months ended November 30, 2005 were $381,567 ($0.012 per common share).
On November 30, 2006, net assets of the Fund applicable to common shares were $702,440,161. The net asset value per common share on November 30, 2006 was $18.84 based on 37,294,271 common shares outstanding. On November 30, 2005, net assets of the Fund applicable to common shares were $702,645,740. The net asset value per common share on November 30, 2005 was $18.84 based on 37,294,271 common shares outstanding.
The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp, which is listed on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had $133.1 billion in assets under management on December 31, 2006. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Management at (800) 262-1122.
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,
-------------------------------------------
2006 2005 2006 2005
---------- ---------- --------- ---------
Gross investment income $22,537 $18,341 $44,716 $35,717
Operating expenses (2,039) (2,048) (4,103) (4,094)
---------- ---------- --------- ---------
Net investment income $20,498 $16,293 $40,613 $31,623
Net realized and unrealized
gains (losses) on
investments $1,648 ($7,096) ($2,040) $382
Preferred dividends paid ($5,552) ($4,049) ($11,136) ($7,619)
Net increase (decrease) in
net assets from
operations $16,594 $5,148 $27,437 $24,386
========== ========== ========= =========
Earnings per Share
Outstanding
--------------------------
Gross investment income $0.604 $0.492 $1.199 $0.959
Operating expenses (0.054) (0.055) (0.110) (0.111)
---------- ---------- --------- ---------
Net investment income $0.550 $0.437 $1.089 $0.848
Net realized and unrealized
gains (losses) on
investments $0.044 ($0.190) ($0.051) $0.012
Preferred dividends paid ($0.149) ($0.109) ($0.299) ($0.204)
---------- ---------- --------- ---------
Net increase (decrease) in
net assets from
operations $0.445 $0.138 $0.739 $0.656
========== ========== ========= =========
Net investment income $0.550 $0.437 $1.089 $0.848
Preferred dividends paid (0.149) (0.109) (0.299) (0.204)
---------- ---------- --------- ---------
Net investment income after
preferred dividends $0.401 $0.328 $0.790 $0.644
========== ========== ========= =========
Net Asset Value at November
30 (Common Shares )
---------------------------
Net assets (000) $702,440 $702,646
Shares outstanding (000) 37,294 37,294
Net asset value per share
outstanding $18.84 $18.84
Market Value Summary
(Common Shares )
---------------------------
Market price on NYSE at
November 30 $18.47 $17.09
High market price (period
ended November 30) $18.61 $18.12
Low market price (period
ended November 30) $17.81 $16.91
SOURCE: Eaton Vance Floating-Rate Income Trust
CONTACT: Eaton Vance Floating-Rate Income Trust
Investor Contact: 800-262-1122
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