DEF 14A: Eaton Vance Senior Income Trust Announces Annual Meeting of Shareholders

Eaton Vance Senior Income Trust will hold its Annual Meeting of Shareholders on October 9, 2024, to elect Trustees and consider other matters.

Summary

• Eaton Vance Senior Income Trust is holding its Annual Meeting of Shareholders on October 9, 2024, at One Post Office Square, Boston, Massachusetts.
• Shareholders will vote to elect three Class II Trustees: Mark R. Fetting, Keith Quinton, and Scott E. Wennerholm.
• The record date for determining shareholders eligible to vote is July 30, 2024.
• As of July 30, 2024, there were 17,860,558 common shares and 1,504 Auction Preferred Shares outstanding.
• One or more shareholders own 5% or more of the Fund's Common Shares and/or APS.
• The Board of Trustees recommends voting FOR the election of the Trustee nominees.
• The Board has fixed the number of Trustees at ten.
• The Board is divided into three classes, each with a three-year term.
• The Fund's By-Laws allow holders of APS to elect two Trustees, but there are no Trustees nominated for election by holders of the Fund's APS at this meeting.
• The noninterested Trustees of the Fund earned compensation in their capacities as Trustees of the Fund during the fiscal year ended June 30, 2024.
• Total estimated proxy solicitation costs are approximately $9,500.

Sentiment

Score: 7

Explanation: The document is neutral in tone and focuses on procedural matters. It provides necessary information for shareholders to participate in the annual meeting, indicating a commitment to corporate governance and transparency. There are no explicit positive or negative statements about the Fund's performance, resulting in a moderately positive sentiment.

Positives

• The Board of Trustees is actively engaged in overseeing the Fund's operations and risk management.
• The Audit Committee is comprised of independent trustees and has designated financial experts.
• The Board has established multiple committees to assist in its oversight responsibilities, including Audit, Contract Review, Governance, Portfolio Management, and Compliance Reports and Regulatory Matters Committees.
• The Fund provides a mechanism for shareholders to communicate with the Board of Trustees.
• The Fund has policies and procedures in place for pre-approval of services provided by the independent registered public accounting firm.

Negatives

• None explicitly stated, but the document focuses on procedural matters related to the annual meeting and election of trustees, rather than highlighting specific performance issues or concerns.

Risks

• The Fund is subject to investment, compliance, operational, and valuation risks.
• It is not possible to identify all risks that may affect the Fund or to develop processes and controls to eliminate or mitigate their occurrence or effects.
• The Fund relies on reports from various service providers, and their individual priorities and controls may impact risk management.
• The document mentions that one Trustee submitted a Form 3 filing after its due date for the fiscal year ended June 30, 2023.

Future Outlook

The document outlines the procedures for the upcoming Annual Meeting and provides information to shareholders to facilitate their voting decisions. It does not contain specific forward-looking statements about the Fund's future performance or strategy.

Management Comments

• Kenneth A. Topping, President: 'I urge you to complete, sign and date the enclosed proxy card and return it in the enclosed postage-paid envelope as soon as possible to ensure that your shares are represented at the Annual Meeting.'

Industry Context

This document is a standard proxy statement for a registered investment company, outlining the agenda and procedures for the annual meeting. Such documents are common in the investment management industry and are required by securities regulations to ensure transparency and shareholder participation in corporate governance.

Comparison to Industry Standards

• The structure and content of this proxy statement are consistent with industry standards for registered investment companies.
• The disclosure of trustee compensation, share ownership, and committee structures aligns with regulatory requirements and best practices.
• The process for shareholder communication and proposal submission is typical for publicly traded funds.
• The audit fee disclosure is in line with what is expected for a fund of this size and complexity.

Stakeholder Impact

• Shareholders are directly impacted by the election of Trustees and other matters voted on at the Annual Meeting.
• The Fund's performance and governance practices ultimately affect shareholder value.
• The document provides transparency to shareholders regarding the Fund's operations and governance.

Next Steps

• Shareholders should review the proxy statement and vote on the proposals.
• The Fund will hold its Annual Meeting on October 9, 2024.
• The Board will consider the results of the shareholder vote and take appropriate action.

Key Dates

Keywords

Annual Meeting, Shareholders, Trustees, Proxy Statement, Eaton Vance, Fund, Election, Board of Trustees, Common Shares, APS