Eaton Vance Pennsylvania Municipal Bond Fund Report Of Earnings

^{Published on 2012-06-22 11:50:52 - Market Wire}
 

Eaton Vance Pennsylvania Municipal Bond Fund Report Of Earnings -- BOSTON, June 22, 2012 /PRNewswire/ --

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BOSTON, June 22, 2012 /PRNewswire/ -- Eaton Vance Pennsylvania Municipal Bond Fund (NYSE MKT: EIP) (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 $608,773 ($0.206 per common share). From this amount, the Fund paid dividends on preferred shares of $10,408 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $598,365, or $0.203 per common share. The Fund's net investment income for the six months ended March 31, 2012 was $1,236,846 ($0.418 per common share, before deduction of the preferred share dividends totaling $0.007 per common share), resulting in net investment income after the preferred dividends of $0.411 per common share. In comparison, for the three months ended March 31, 2011, the Fund had net investment income of $668,174 ($0.226 per common share). From this amount, the Fund paid dividends on preferred shares of $21,669 (equal to $0.007 for each common share), resulting in net investment income after the preferred dividends of $646,505, or $0.219 per common share. The Fund's net investment income for the six months ended March 31, 2011 was $1,321,066 ($0.447 per common share, before deduction of the preferred share dividends totaling $0.015 per common share), resulting in net investment income after the preferred dividends of $0.432 per common share.

Net realized and unrealized gains for the three months ended March 31, 2012 were $1,331,386 ($0.456 per common share). The Fund's net realized and unrealized gains for the six months ended March 31, 2012 were $1,922,042 ($0.656 per common share). In comparison, net realized and unrealized losses for the three months ended March 31, 2011 were $785,147 ($0.263 per common share). The Fund's net realized and unrealized losses for the six months ended March 31, 2011 were $5,855,072 ($1.980 per common share).

On March 31, 2012, net assets of the Fund applicable to common shares were $40,834,517. The net asset value per common share on March 31, 2012 was $13.81 based on 2,957,217 common shares outstanding. In comparison, on March 31, 2011, net assets of the Fund applicable to common shares were $34,435,101. The net asset value per common share on March 31, 2011 was $11.66 based on 2,954,376 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 ].

SOURCE Eaton Vance Management

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