EATON VANCE CORP. BOSTON, Jan. 14, 2015 /PRNewswire/ -- Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months and nine months ended September 30, 2014. The Fund's fiscal year ended on December 31, 2014.
For the three months ended September 30, 2014, the Fund had net investment income of $281,579 ($0.006 per common share). For the nine months ended September 30, 2014, the Fund had net investment income of $1,137,322 ($0.024 per common share). In comparison, for the three months ended September 30, 2013, the Fund had net investment income of $349,778 ($0.006 per common share). For the nine months ended September 30, 2013, the Fund had net investment income of $2,092,269 ($0.043 per common share).
Net realized and unrealized gains for the three months ended September 30, 2014 were $8,457,474 ($0.182 per common share) and net realized and unrealized gains for the nine months ended September 30, 2014 were $46,631,526 ($0.979 per common share). In comparison, net realized and unrealized gains for the three months ended September 30, 2013 were $40,756,105 ($0.858 per common share) and net realized and unrealized gains for the nine months ended September 30, 2013 were $90,155,319 ($1.890 per common share).
On September 30, 2014, net assets of the Fund were $685,540,688. The net asset value per common share on September 30, 2014 was $14.39 based on 47,655,123 common shares outstanding. In comparison, on September 30, 2013, net assets of the Fund were $624,433,094. The net asset value per common share on September 30, 2013 was $13.10 based on 47,655,123 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 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 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 ENHANCED EQUITY INCOME FUND II
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Nine Months Ended
September 30, September 30,
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2014 2013 2014 2013
---- ---- ---- ----
Gross investment income $2,212 $2,104 $6,760 $7,271
Operating expenses (1,931) (1,754) (5,623) (5,179)
------ ------ ------ ------
Net investment income $281 $350 $1,137 $2,092
Net realized and unrealized gains (losses)
on investments $8,458 $40,756 $46,632 $90,155
------ ------- ------- -------
Net increase (decrease) in net
assets
from operations $8,739 $41,106 $47,769 $92,247
Earnings per Common Share Outstanding
-------------------------------------
Gross investment income $0.047 $0.044 $0.142 $0.152
Operating expenses (0.041) (0.038) (0.118) (0.109)
------ ------ ------ ------
Net investment income $0.006 $0.006 $0.024 $0.043
Net realized and unrealized gains (losses)
on investments $0.182 $0.858 $0.979 $1.890
------ ------ ------ ------
Net increase (decrease) in net
assets
from operations $0.188 $0.864 $1.003 $1.933
Net Asset Value at September 30 (Common Shares)
----------------------------------------------
Net assets $685,541 $624,433
Shares outstanding 47,655 47,655
Net asset value per share
outstanding $14.39 $13.10
Market Value Summary (Common Shares)
-----------------------------------
Market price on NYSE at September
30 $13.61 $11.73
High market price (period ended September 30) $14.07 $12.13
Low market price (period ended September 30) $12.48 $10.67
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SOURCE Eaton Vance Management
