Eaton Vance Enhanced Equity Income Fund Announces Earnings Results for the Fourth Quarter and Year Ended September 30, 2012
December 14, 2012 at 05:43 pm
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Eaton Vance Enhanced Equity Income Fund announced earnings results for the fourth quarter and year ended September 30, 2012. For the quarter, the company reported net investment income of $912,000 or $0.023 per common share compared to $694,000 or $0.018 per common share a year ago. Net realized and unrealized gains on investments was $25,098,000 or $0.630 per common share compared to net realized and unrealized losses on investments of $76,151,000 or $1.911 per common share a year ago. Net increase in net assets from operations was $26,010,000 or $0.653 per common share compared to net decrease in net assets from operations of $75,457,000 or $1.893 per common share a year ago.
For the year, the company reported net investment income of $3,926,000 or $0.098 per common share compared to $2,712,000 or $0.068 per common share a year ago. Net realized and unrealized gains on investments was $98,229,000 or $2.460 per common share compared to net realized and unrealized losses on investments of $25,216,000 or $0.636 per common share a year ago. Net increase in net assets from operations was $102,155,000 or $2.558 per common share compared to net decrease in net assets from operations of $22,504,000 or $0.568 per common share a year ago. The net asset value per common share on September 30, 2012 was $12.65 based on 39,825,649 common shares outstanding.
Eaton Vance Enhanced Equity Income Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation. The Fund may trade in financial instruments with off-balance sheet risk in the normal course of its investing activities. The Fund pursues its investment objectives by investing primarily in a portfolio of mid- and large-capitalization common stocks. Under normal market conditions, the Fund seeks to generate current earnings from option premiums by selling covered call options on a substantial portion of its portfolio securities. Under normal market conditions, the Fund invests at least 80% of its total assets in common stocks. The Fund invests in a range of sectors, including health care, industrial, communication services, information technology, utilities, consumer staples and others. Eaton Vance Management is the investment adviser and administrator of the Fund.
EATON VANCE ENHANCED EQUITY INCOME FUND 
