NOTIFICATION OF REPURCHASE OFFER
PURSUANT TO RULE 23C-3
1. Investment Company Act File Number 811-09249
Date of Notification: October 2, 2000
2. Exact name of investment company as specified in registration statement:
EATON VANCE INSTITUTIONAL SENIOR FLOATING-RATE FUND
3. Address of principal executive office:
255 STATE STREET
BOSTON, MASSACHUSETTS 02109
A. [ X ] The notification pertains to a periodic repurchase offer under
paragraph (b) of Rule 23c-3.
B. [ ] The notification pertains to a discretionary repurchase offer under
paragraph (c) of Rule 23c-3.
C. [ ] The notification pertains to a periodic repurchase offer under
paragraph (b) of Rule 23c-3 and a discretionary repurchase offer under
paragraph (c) of Rule 23c-3.
By: /s/ Alan R. Dynner
----------------------------
Alan R. Dynner
Secretary
<PAGE>
{LOGO} Investing IF YOU ARE NOT INTERESTED IN SELLING YOUR SHARES AT
for the THIS TIME, YOU DO NOT HAVE TO DO ANYTHING AND CAN
EATON VANCE 21st DISREGARD THIS NOTICE. THIS IS SIMPLY NOTIFICATION OF
Century THE SCHEDULED QUARTERLY TENDER.
October 2, 2000
Dear Eaton Vance Institutional Senior Floating-Rate Fund Shareholder:
This notice is to inform you of the dates for your Fund's next quarterly tender
offer. If you are not interested in selling your shares at this time, you do not
have to do anything and can disregard this notice. This is simply notification
of the scheduled quarterly tender. Rest assured that we will contact you again
next quarter to remind you of your redemption privilege.
The tender offer period will begin on October 2 and end on October 23, 2000. The
purpose of this tender offer (also known as a repurchase offer) is to provide
liquidity to shareholders. Fund shares can be redeemed by tender offer only
during one of the Fund's scheduled quarterly tender offers.
Should you wish to sell any of your shares during this tender offer period, all
you have to do is contact your financial consultant or broker and tell him or
her to process the tender offer transaction for you. You may be charged a
transaction fee for this service by your financial consultant or broker.
ALL REQUESTS TO TENDER SHARES MUST BE RECEIVED IN GOOD ORDER BY OCTOBER 23,
2000.
Please refer to the enclosed Repurchase Offer Document if you have any
questions, or call your financial consultant or broker.
Sincerely,
EATON VANCE SHAREHOLDER SERVICES
nt#3
<PAGE>
{LOGO} Investing IF YOU ARE NOT INTERESTED IN SELLING YOUR SHARES AT
for the THIS TIME, YOU DO NOT HAVE TO DO ANYTHING AND CAN
EATON VANCE 21st DISREGARD THIS NOTICE. THIS IS SIMPLY NOTIFICATION OF
Century THE SCHEDULED QUARTERLY TENDER.
October 2, 2000
Dear Eaton Vance Institutional Senior Floating-Rate Fund Shareholder:
This notice is to inform you of the dates for your Fund's next quarterly tender
offer. If you are not interested in selling your shares at this time, you do not
have to do anything and can disregard this notice. This is simply notification
of the scheduled quarterly tender. Rest assured that we will contact you again
next quarter to remind you of your redemption privilege.
The tender offer period will begin on October 2 and end on October 23, 2000. The
purpose of this tender offer (also known as a repurchase offer) is to provide
liquidity to shareholders. Fund shares can be redeemed by tender offer only
during one of the Fund's scheduled quarterly tender offers.
If you wish to sell your shares for cash during this tender period, you can do
so in one of two ways as follows:
1. Complete the attached Tender Request Form and return it to the Fund's
transfer agent, PFPC, Inc. by October 23, 2000.
2. You may telephone your financial consultant or broker and have them effect
the transaction for you through their affiliated Securities Firm.
ALL DOCUMENTATION MUST BE RECEIVED IN GOOD ORDER BY October 23, 2000.
Please refer to the enclosed Repurchase Offer Document if you have any
questions, or you can also call us at 1-800-225-6265, extension 4.
Sincerely,
EATON VANCE SHAREHOLDER SERVICES
TENLTR
<PAGE>
{LOGO} Investing This form must be RECEIVED by October 23, 2000 if
for the you want to sell shares of Eaton Vance
EATON VANCE 21st Institutional Senior Floating-Rate Fund.
Century
TENDER REQUEST FORM
Return to: PFPC, Inc., Eaton Vance Group, P.O. Box 9653,
Providence, RI 02904-9653
Overnight Mail: 4400 Computer Drive, Westborough, MA 01581-5120
Please tender the shares designated below at a price equal to their net asset
value per share (NAV) on the last day of the period in which the shares are
offered for repurchase.
EATON VANCE INSTITUTIONAL SENIOR FLOATING-RATE FUND
NAMES OF REGISTERED SHAREHOLDER(S): ____________________________________
(please fill in EXACTLY as registered)
____________________________________
____________________________________
ACCOUNT NUMBER: _________________________
DAYTIME TELEPHONE: _________________________
SHARES TENDERED: (PLEASE CHECK ONE)
___ Partial Tender - Please tender ______________ shares from my account.
___ Full Tender - Please tender all shares from my account.
___ Dollar Amount - Please tender enough shares to net $_____________.
___ Exchange - Please exchange the shares tendered above for shares of
the ____________________ Fund. (By choosing this option,
you certify receipt of a current prospectus for such a
fund.)
PAYMENT AND DELIVERY INSTRUCTIONS:
If wire instructions have not been provided with your application form, a check
will be issued in the name of the registered shareholder(s) and mailed to the
address of record. If alternate payment and delivery is required, please provide
instructions here.
Alternate Instructions:_________________________________________________________
_________________________________________________________
_________________________________________________________
PLEASE SIGN BELOW AND NOTE THE FOLLOWING IMPORTANT POINTS:
* Your Signature(s) below MUST CORRESPOND EXACTLY with the name(s) in which
the shares are registered.
* If the shares are held of record by two or more joint holders, ALL MUST
SIGN.
* If the signer of the document is a trustee, executor, administrator,
guardian, attorney in fact, officers of corporations or others acting in a
fiduciary or representative capacity, they must so indicate when signing,
and submit proper evidence satisfactory to PFPC, Inc. of their authority to
so act.
<PAGE>
ALL SIGNATURES MUST BE GUARANTEED by a member firm of a regional or national
securities exchange or of the National Association of Securities Dealers, Inc.;
a commercial bank or trust company having an office, branch, or agency in the
United States; or other Eligible Guarantor Institution as defined in Rule
17Ad-15(a)(2) under the Securities Exchange Act of 1934.
Signature(s) of owner(s) exactly as registered: ________________________________
________________________________
________________________________
Date:_________________
SIGNATURE GUARANTEED BY:
IF YOU HAVE ANY QUESTIONS REGARDING THIS FORM, PLEASE CALL 1-800-225-6265,
EXTENSION 4 BETWEEN 8:30 AM AND 6:00 PM.
RETURN TO: PFPC, INC., P.O. BOX 9653, PROVIDENCE, RI 02904-9653
OVERNIGHT MAIL: 4400 COMPUTER DRIVE, WESTBOROUGH, MA 01581-5120
FORMCLASS
<PAGE>
{LOGO} Investing EATON VANCE INSTITUTIONAL SENIOR
for the FLOATING-RATE FUND
EATON VANCE 21st
Century OCTOBER REPURCHASE OFFER
1. THE OFFER. Eaton Vance Institutional Senior Floating-Rate Fund (the "Fund")
is offering to repurchase for cash up to twenty-five percent (25%) of its
issued and outstanding shares of beneficial interest ("Shares") at a price
equal to the net asset value ("NAV") as of the close of the New York Stock
Exchange on the Repurchase Pricing Date (defined below) upon the terms and
conditions set forth herein, and the related Notice and Tender Request
Form, which together constitute the "Offer". The purpose of the Offer is to
provide liquidity to shareholders since the Fund is unaware of any
secondary market which exists for the Shares. The Offer is not conditioned
upon the tender for repurchase of any minimum number of Shares.
2. NET ASSET VALUE. The NAV of the Fund on September 27, 2000 was $9.78 per
Share. The NAV can fluctuate. Please call Eaton Vance at 1-800-225-6265,
extension 4 for current price information.
3. REPURCHASE REQUEST DEADLINE. All tenders of Shares for repurchase MUST be
received in proper form by the Fund's transfer agent, PFPC, Inc., on or
before 4:00 p.m., Eastern time on October 23, 2000.
4. REPURCHASE PRICING DATE. The NAV for the repurchase must be determined no
later than November 7, 2000; HOWEVER, the Fund intends to determine NAV on
October 23, 2000, if doing so is not likely to result in significant
dilution of the price of the Shares, or as soon as such determination can
be made thereafter.
5. PAYMENT FOR SHARES REPURCHASED. Payment for all Shares repurchased pursuant
to this Offer will be made not later than 7 days after the Repurchase
Pricing Date.
6. INCREASE IN NUMBER OF SHARES REPURCHASED; PRO RATA REPURCHASE. If
shareholders tender for repurchase more than the Shares which the Fund is
offering to repurchase, the Fund may (but is not obligated to) increase the
number of Shares that the Fund is offering to purchase by up to two percent
(2%). If the number of Shares tendered for repurchase thereafter exceeds
the number of Shares which the Fund is offering to repurchase, the Fund is
required to repurchase the Shares tendered on a pro rata basis.
7. WITHDRAWAL OF SHARES TO BE REPURCHASED. Shares tendered pursuant to the
Offer may be withdrawn at any time prior to 4:00 p.m., Eastern time, on
October 23, 2000.
8. SUSPENSION OR POSTPONEMENT OF REPURCHASE OFFER. The Fund may suspend or
postpone this Offer only: (A) for any period during which the New York
Stock Exchange or any market in which the securities owned by the Fund are
principally traded is closed, other than customary weekend and holiday
closings, or during which trading in such market is restricted; (B) for any
period during which an emergency exists as a result of which disposal by
the Fund of securities owned by it is not reasonably practicable, or during
which it is not reasonably practicable for the Fund fairly to determine the
value of its net assets; or (C) for such other periods as the Securities
and Exchange Commission may by order permit for the protection of
shareholders of the Fund.
NEITHER THE FUND NOR ITS BOARD OF TRUSTEES MAKE ANY RECOMMENDATION TO ANY
SHAREHOLDER AS TO WHETHER TO TENDER OR REFRAIN FROM TENDERING SHARES. EACH
SHAREHOLDER MUST MAKE AN INDEPENDENT DECISION WHETHER TO TENDER SHARES AND,
IF SO, HOW MANY SHARES TO TENDER. NO PERSON HAS BEEN AUTHORIZED TO MAKE ANY
RECOMMENDATION ON BEHALF OF THE FUND AS TO WHETHER SHAREHOLDERS SHOULD
TENDER SHARES PURSUANT TO THIS OFFER. NO PERSON HAS BEEN AUTHORIZED TO GIVE
ANY INFORMATION OR TO MAKE ANY REPRESENTATIONS IN CONNECTION WITH THE OFFER
OTHER THAN THOSE CONTAINED HEREIN OR IN THE NOTICE AND TENDER REQUEST FORM.
FOR A COPY OF THE FUND'S PROSPECTUS OR OTHER INFORMATION, CALL EATON VANCE
AT 1-800-225-6265, EXTENSION 4 OR CONTACT YOUR FINANCIAL ADVISER.
Dated: October 2, 2000
TENOFFER
