EATON VANCE CORP. 
By BOSTON, Jan. 4, 2012 /PRNewswire/ -- Eaton Vance California Municipal Bond Fund II (NYSE Amex: EIA) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months and year ended September 30, 2011. The Fund's fiscal year ended on September 30, 2011.
For the three months ended September 30, 2011, the Fund had net investment income of $823,561 ($0.212 per common share). From this amount, the Fund paid dividends on preferred shares of $14,053 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $809,508, or $0.208 per common share. The Fund's net investment income for the year ended September 30, 2011 was $3,314,138 ($0.855 per common share, before deduction of the preferred share dividends totaling $0.023 per common share), resulting in net investment income after the preferred dividends of $0.832 per common share. In comparison, for the three months ended September 30, 2010, the Fund had net investment income of $838,744 ($0.216 per common share). From this amount, the Fund paid dividends on preferred shares of $26,655 (equal to $0.007 for each common share), resulting in net investment income after the preferred dividends of $812,089, or $0.209 per common share. The Fund's net investment income for the year ended September 30, 2010 was $3,477,716 ($0.898 per common share, before deduction of the preferred share dividends totaling $0.027 per common share), resulting in net investment income after the preferred dividends of $0.871 per common share.
Net realized and unrealized gains for the three months ended September 30, 2011 were $2,579,364 ($0.665 per common share). The Fund's net realized and unrealized losses for the year ended September 30, 2011 were $2,950,740 ($0.761 per common share). In comparison, net realized and unrealized gains for the three months ended September 30, 2010 were $2,843,544 ($0.734 per common share). The Fund's net realized and unrealized losses for the year ended September 30, 2010 were $1,674,149 ($0.433 per common share).
On September 30, 2011, net assets of the Fund applicable to common shares were $45,534,740. The net asset value per common share on September 30, 2011 was $11.73 based on 3,881,373 common shares outstanding. In comparison, on September 30, 2010, net assets of the Fund applicable to common shares were $48,529,319. The net asset value per common share on September 30, 2010 was $12.52 based on 3,875,090 common 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 calendar quarter-end are also posted to the website approximately 30 days following quarter-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 $188.2 billion in assets as of October 31, 2011 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 II
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Year Ended
September 30, September 30,
------------- -------------
2011 2010 2011 2010
---- ---- ---- ----
Net investment income $824 $839 $3,314 $3,478
Net realized and
unrealized gains
(losses)
on investments 2,579 2,844 (2,951) (1,674)
Preferred dividends paid
from net investment
income (14) (27) (88) (104)
--- --- --- ----
Net increase (decrease) in net
assets
from operations $3,389 $3,656 $275 $1,700
======
Earnings per Common
Share Outstanding
-------------------
Net investment income $0.212 $0.216 $0.855 $0.898
Net realized and
unrealized gains
(losses)
on investments 0.665 0.734 (0.761) (0.433)
Preferred dividends paid
from net investment
income (0.004) (0.007) (0.023) (0.027)
------ ------ ------ ------
Net increase (decrease) in net
assets
from operations $0.873 $0.943 $0.071 $0.438
======
Net investment income $0.212 $0.216 $0.855 $0.898
Preferred dividends paid
from net investment
income (0.004) (0.007) (0.023) (0.027)
------ ------ ------ ------
Net investment income
after preferred
dividends $0.208 $0.209 $0.832 $0.871
====== ====== ====== ======
Net Asset Value at
September 30 (Common
Shares)
---------------------
Net assets $45,535 $48,529
Shares outstanding 3,881 3,875
Net asset value per share
outstanding $11.73 $12.52
Market Value Summary
(Common Shares)
--------------------
Market price on NYSE Amex at
September 30 $12.26 $13.25
High market price (period ended
September 30) $13.18 $13.40
Low market price (period ended
September 30) $10.11 $11.12
SOURCE Eaton Vance Management
