BOSTON, April 16, 2014 /PRNewswire/ -- Eaton Vance Ohio Municipal Bond Fund (NYSE MKT: EIO) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months ended December 31, 2013. The Fund's fiscal year ends on September 30, 2014.

For the three months ended December 31, 2013, the Fund had net investment income of $473,569 ($0.187 per common share). From this amount, the Fund paid dividends on preferred shares of $5,068 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $468,501, or $0.185 per common share. In comparison, for the three months ended December 31, 2012, the Fund had net investment income of $469,754 ($0.185 per common share). From this amount, the Fund paid dividends on preferred shares of $11,969 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $457,785, or $0.180 per common share.

Net realized and unrealized losses for the three months ended December 31, 2013 were $173,741 ($0.068 per common share). In comparison, net realized and unrealized gains for the three months ended December 31, 2012 were $208,915 ($0.082 per common share).

On December 31, 2013, net assets of the Fund applicable to common shares were $30,844,320. The net asset value per common share on December 31, 2013 was $12.16 based on 2,536,999 common shares outstanding. In comparison, on December 31, 2012, net assets of the Fund applicable to common shares were $35,169,073. The net asset value per common share on December 31, 2012 was $13.87 based on 2,535,373 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 $285.4 billion in assets as of March 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 OHIO MUNICIPAL BOND FUND

                             SUMMARY OF RESULTS OF OPERATIONS

                         (in thousands, except per share amounts)




                                       Three               Three
                                       Months              Months
                                       Ended               Ended

                                      December             December
                                        31,                31,
                                     ---------            ---------

                                                 2013                  2012
                                                 ----                  ----

    Net investment
     income                                      $474                  $470

    Net realized and
     unrealized gains
     (losses)

      on investments                             (174)                  209

    Preferred
     dividends paid
     from net
     investment income                             (5)                  (12)
                                                  ---                   ---

      Net increase
       (decrease) in net
       assets

        from operations                          $295                  $667
                                                 ====                  ====


    Earnings per
     Common Share
     Outstanding
    -------------

    Net investment
     income                                    $0.187                $0.185

    Net realized and
     unrealized gains
     (losses)

      on investments                           (0.068)                0.082

    Preferred
     dividends paid
     from net
     investment income                         (0.002)               (0.005)
                                               ------                ------

      Net increase
       (decrease) in net
       assets

        from operations                        $0.117                $0.262
                                               ======                ======


    Net investment
     income                                    $0.187                $0.185

    Preferred
     dividends paid
     from net
     investment income                         (0.002)               (0.005)
                                               ------                ------

    Net investment
     income after
     preferred
     dividends                                 $0.185                $0.180
                                               ======                ======


    Net Asset Value at
     December 31
     (Common Shares)
    ------------------

      Net assets                              $30,844               $35,169

      Shares outstanding                        2,537                 2,535

      Net asset value
       per share
       outstanding                             $12.16                $13.87


    Market Value
     Summary (Common
     Shares)
    ----------------

      Market price on
       NYSE MKT at
       December 31                             $11.05                $14.08

      High market price
       (period ended
       December 31)                            $11.71                $15.93

      Low market price
       (period ended
       December 31)                            $10.85                $14.08

SOURCE Eaton Vance Management