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Thu, June 28, 2012Wed, June 27, 2012Tue, June 26, 2012Mon, June 25, 2012Sun, June 24, 2012Sat, June 23, 2012Fri, June 22, 2012Thu, June 21, 2012Wed, June 20, 2012Tue, June 19, 2012Eaton Vance New Jersey Municipal Bond Fund Report of Earnings
Published in Business and Finance on Friday, June 22nd 2012 at 12:37 GMT by Market Wire
Eaton Vance New Jersey Municipal Bond Fund Report of Earnings -- BOSTON, June 22, 2012 /PRNewswire/ --
Eaton Vance New Jersey Municipal Bond Fund Report of Earnings
BOSTON, June 22, 2012 /PRNewswire/ -- Eaton Vance New Jersey Municipal Bond Fund (NYSE MKT: EMJ) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and six-month periods ended March 31, 2012. The Fund's fiscal year ends on September 30, 2012.
For the three months ended March 31, 2012, the Fund had net investment income of $542,383 ($0.209 per common share). From this amount, the Fund paid dividends on preferred shares of $9,784 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $532,599, or $0.205 per common share. The Fund's net investment income for the six months ended March 31, 2012 was $1,065,031 ($0.410 per common share, before deduction of the preferred share dividends totaling $0.008 per common share), resulting in net investment income after the preferred dividends of $0.402 per common share. In comparison, for the three months ended March 31, 2011, the Fund had net investment income of $534,864 ($0.207 per common share). From this amount, the Fund paid dividends on preferred shares of $19,657 (equal to $0.008 for each common share), resulting in net investment income after the preferred dividends of $515,207, or $0.199 per common share. The Fund's net investment income for the six months ended March 31, 2011 was $1,129,413 ($0.437 per common share, before deduction of the preferred share dividends totaling $0.016 per common share), resulting in net investment income after the preferred dividends of $0.421 per common share.
Net realized and unrealized gains for the three months ended March 31, 2012 were $1,578,606 ($0.605 per common share). The Fund's net realized and unrealized gains for the six months ended March 31, 2012 were $2,293,316 ($0.880 per common share). In comparison, net realized and unrealized losses for the three months ended March 31, 2011 were $442,632 ($0.167 per common share). The Fund's net realized and unrealized losses for the six months ended March 31, 2011 were $5,723,547 ($2.211 per common share).
On March 31, 2012, net assets of the Fund applicable to common shares were $36,509,149. The net asset value per common share on March 31, 2012 was $14.04 based on 2,600,507 common shares outstanding. In comparison, on March 31, 2011, net assets of the Fund applicable to common shares were $31,468,062. The net asset value per common share on March 31, 2011 was $12.16 based on 2,588,541 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 $197.5 billion in assets as of April 30, 2012 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 NEW JERSEY MUNICIPAL BOND FUND | ||||||||
SUMMARY OF RESULTS OF OPERATIONS | ||||||||
(in thousands, except per share amounts) | ||||||||
Three Months Ended | Six Months Ended | |||||||
March 31, | March 31, | |||||||
2012 | 2011 | 2012 | 2011 | |||||
Net investment income | $ 542 | $ 535 | $ 1,065 | $ 1,129 | ||||
Net realized and unrealized gains (losses) | ||||||||
on investments | 1,579 | (443) | 2,293 | (5,724) | ||||
Preferred dividends paid from net investment income | (10) | (20) | (20) | (41) | ||||
Net increase (decrease) in net assets | ||||||||
from operations | $ 2,111 | $ 72 | $ 3,338 | $ (4,636) | ||||
Earnings per Common Share Outstanding | ||||||||
Net investment income | $ 0.209 | $ 0.207 | $ 0.410 | $ 0.437 | ||||
Net realized and unrealized gains (losses) | ||||||||
on investments | 0.605 | (0.167) | 0.880 | (2.211) | ||||
Preferred dividends paid from net investment income | (0.004) | (0.008) | (0.008) | (0.016) | ||||
Net increase (decrease) in net assets | ||||||||
from operations | $ 0.810 | $ 0.032 | $ 1.282 | $ (1.790) | ||||
Net investment income | $ 0.209 | $ 0.207 | $ 0.410 | $ 0.437 | ||||
Preferred dividends paid from net investment income | (0.004) | (0.008) | (0.008) | (0.016) | ||||
Net investment income after preferred dividends | $ 0.205 | $ 0.199 | $ 0.402 | $ 0.421 | ||||
Net Asset Value at March 31 (Common Shares) | ||||||||
Net assets | $ 36,509 | $ 31,468 | ||||||
Shares outstanding | 2,601 | 2,589 | ||||||
Net asset value per share outstanding | $ 14.04 | $ 12.16 | ||||||
Market Value Summary (Common Shares) | ||||||||
Market price on NYSE MKT at March 31 | $ 14.65 | $ 12.66 | ||||||
High market price (period ended March 31) | $ 15.60 | $ 15.38 | ||||||
Low market price (period ended March 31) | $ 13.17 | $ 11.92 | ||||||
SOURCE Eaton Vance Management
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