EATON VANCE CALIFORNIA MUNICIPAL BOND FUND BOSTON, Oct. 10, 2014 /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 and nine months ended June 30, 2014. The Fund's fiscal year ended on September 30, 2014.
For the three months ended June 30, 2014, the Fund had net investment income of $3,789,301 ($0.176 per share). For the nine months ended June 30, 2014, the Fund had net investment income of $11,381,214 ($0.526 per share). In comparison, for the three months ended June 30, 2013, the Fund had net investment income of $3,811,345 ($0.175 per share). For the nine months ended June 30, 2013, the Fund had net investment income of $11,351,175 ($0.522 per share).
Net realized and unrealized gains for the three months ended June 30, 2014 were $10,897,908 ($0.506 per share). Net realized and unrealized gains for the nine months ended June 30, 2014 were $23,834,729 ($1.102 per share). In comparison, net realized and unrealized losses for the three months ended June 30, 2013 were $25,430,597 ($1.167 per share). Net realized and unrealized losses for the nine months ended June 30, 2013 were $27,130,067 ($1.247 per share).
On June 30, 2014, net assets of the Fund were $271,141,454. The net asset value per share on June 30, 2014 was $12.67 based on 21,398,686 shares outstanding. In comparison, on June 30, 2013, net assets of the Fund were $255,902,260. The net asset value per share on June 30, 2013 was $11.76 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 $288.2 billion in assets as of July 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 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 Nine Months Ended
June 30, June 30,
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2014 2013 2014 2013
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Net investment income $3,789 $3,811 $11,381 $11,351
Net realized and unrealized gains (losses)
on investments 10,898 (25,431) 23,835 (27,130)
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Net increase (decrease) in net assets
from operations $14,687 $(21,620) $35,216 $(15,779)
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Earnings per Share Outstanding
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Net investment income $0.176 $0.175 $0.526 $0.522
Net realized and unrealized gains (losses)
on investments 0.506 (1.167) 1.102 (1.247)
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Net increase (decrease) in net assets
from operations $0.682 $(0.992) $1.628 $(0.725)
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Net Asset Value at June 30
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Net assets $271,141 $255,902
Shares outstanding 21,399 21,756
Net asset value per share outstanding $12.67 $11.76
Market Value Summary
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Market price on NYSE MKT at June 30 $11.58 $10.93
High market price (period ended June 30) $11.72 $12.92
Low market price (period ended June 30) $9.89 $10.36
SOURCE Eaton Vance Management
