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Eaton Vance California Municipal Bond Fund Report Of Earnings

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BOSTON, Jan. 14, 2015 /PRNewswire/ -- Eaton Vance California Municipal Bond Fund (NYSE MKT: EVM) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months and year ended September 30, 2014. The Fund's fiscal year ended on September 30, 2014.

For the three months ended September 30, 2014, the Fund had net investment income of $3,707,216 ($0.174 per share). For the year ended September 30, 2014, the Fund had net investment income of $15,088,430 ($0.700 per share). In comparison, for the three months ended September 30, 2013, the Fund had net investment income of $3,841,001 ($0.176 per share). For the year ended September 30, 2013, the Fund had net investment income of $15,192,176 ($0.698 per share).

Net realized and unrealized gains for the three months ended September 30, 2014 were $4,725,030 ($0.224 per share). Net realized and unrealized gains for the year ended September 30, 2014 were $28,559,759 ($1.326 per share). In comparison, net realized and unrealized losses for the three months ended September 30, 2013 were $5,778,816 ($0.267 per share). Net realized and unrealized losses for the year ended September 30, 2013 were $32,908,883 ($1.514 per share).

On September 30, 2014, net assets of the Fund were $276,021,518. The net asset value per share on September 30, 2014 was $12.90 based on 21,398,686 shares outstanding. In comparison, on September 30, 2013, net assets of the Fund were $250,407,306. The net asset value per share on September 30, 2013 was $11.51 based on 21,756,186 shares outstanding.

The Fund periodically makes certain performance data and information about portfolio characteristics available on www.eatonvance.com (on the fund information page under "Individual Investors – Closed-End Funds"). Fund portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $296.0 billion in assets as of December 31, 2014, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation 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.

 

 

EATON VANCE CALIFORNIA MUNICIPAL BOND FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Year Ended



September 30,


September 30,



2014


2013


2014


2013

Net investment income

$     3,707


$     3,841


$   15,088


$   15,192

 Net realized and unrealized gains (losses)
 
on investments

4,725


(5,779)


28,560


(32,909)


Net increase (decrease) in net assets
 
from operations

$     8,432


$   (1,938)


$   43,648


$ (17,717)









Earnings per Share Outstanding








Net investment income 

$     0.174


$     0.176


$     0.700


$     0.698

Net realized and unrealized gains (losses)
 
on investments

0.224


(0.267)


1.326


(1.514)


Net increase (decrease) in net assets
 
from operations

$     0.398


$   (0.091)


$     2.026


$   (0.816)



















Net Asset Value at September 30 









Net assets





$ 276,022


$ 250,407


Shares outstanding





21,399


21,756


Net asset value per share outstanding





$     12.90


$     11.51










Market Value Summary 









Market price on NYSE MKT at September 30





$     11.35


$     10.33


High market price (period ended September 30)





$     11.72


$     12.92


Low market price (period ended September 30)





$       9.89


$       9.71










 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/eaton-vance-california-municipal-bond-fund-report-of-earnings-300020623.html

SOURCE Eaton Vance Management

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