EATON VANCE ENHANCED EQUITY INCOME FUND BOSTON, Jan. 14, 2015 /PRNewswire/ -- Eaton Vance Enhanced Equity Income Fund (NYSE: EOI), a diversified 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 $609,310 ($0.016 per common share). For the year ended September 30, 2014, the Fund had net investment income of $3,202,437 ($0.082 per common share). In comparison, for the three months ended September 30, 2013, the Fund had net investment income of $755,510 ($0.019 per common share). For the year ended September 30, 2013, the Fund had net investment income of $4,695,618 ($0.119 per common share).
Net realized and unrealized gains for the three months ended September 30, 2014 were $1,904,785 ($0.055 per common share) and net realized and unrealized gains for the year ended September 30, 2014 were $84,937,245 ($2.174 per common share). In comparison, net realized and unrealized gains for the three months ended September 30, 2013 were $25,231,664 ($0.643 per common share) and net realized and unrealized gains for the year ended September 30, 2013 were $63,862,782 ($1.623 per common share).
On September 30, 2014, net assets of the Fund were $571,861,453. The net asset value per common share on September 30, 2014 was $14.60 based on 39,173,049 common shares outstanding. In comparison, on September 30, 2013, net assets of the Fund were $524,592,530. The net asset value per common share on September 30, 2013 was $13.38 based on 39,193,049 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
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Year Ended
September 30, September 30,
------------- -------------
2014 2013 2014 2013
---- ---- ---- ----
Gross investment income $2,208 $2,249 $9,475 $10,519
Operating expenses (1,599) (1,494) (6,273) (5,824)
------ ------ ------ ------
Net investment
income $609 $755 $3,202 $4,695
Net realized and unrealized gains (losses) on investments
$1,905 $25,232 $84,937 $63,863
------ ------- ------- -------
$2,514 $25,987 $88,139 $68,558
Net increase
(decrease) in
net assets
from
operations
Earnings per Common Share Outstanding
-------------------------------------
Gross investment income $0.057 $0.057 $0.242 $0.267
Operating expenses (0.041) (0.038) (0.160) (0.148)
------ ------ ------ ------
Net investment
income $0.016 $0.019 $0.082 $0.119
$0.055 $0.643 $2.174 $1.623
Net realized and unrealized gains (losses) on investments
---
Net increase
(decrease) in
net assets
from
operations $0.071 $0.662 $2.256 $1.742
Net Asset Value at September 30 (Common Shares)
-----------------------------------------------
Net assets $571,861 $524,593
Shares
outstanding 39,173 39,193
Net asset value
per share
outstanding $14.60 $13.38
Market Value Summary (Common Shares)
-----------------------------------
Market price on
NYSE at
September 30 $13.72 $12.06
High market price (period ended September 30) $14.21 $12.51
Low market price (period ended September 30) $11.93 $10.16
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SOURCE Eaton Vance Management
