BOSTON, Sept. 8, 2011 /PRNewswire/ -- Eaton Vance
California Municipal Bond Fund (NYSE Amex: EVM) (the "Fund"), a
closed-end management investment company, today announced the
earnings of the Fund for the three and nine months ended
June 30, 2011. The Fund's
fiscal year ends on September 30,
2011.
For the three months ended June 30,
2011, the Fund had net investment income of $4,360,101 ($0.200
per share). For the nine months ended June 30, 2011, the Fund had net investment income
of $13,063,978 ($0.601 per share). In comparison, for the
three months ended June 30, 2010, the
Fund had net investment income of $4,554,844 ($0.209
per share). For the nine months ended June 30, 2010, the Fund had net investment income
of $13,895,439 ($0.640 per share).
Net realized and unrealized gains for the three months ended
June 30, 2011 were $19,119,606 ($0.881
per share). Net realized and unrealized losses for the nine
months ended June 30, 2011 were
$30,754,189 ($1.415 per share). In comparison, net
realized and unrealized gains for the three months ended
June 30, 2010 were $1,352,568 ($0.063
per share). Net realized and unrealized losses for the nine
months ended June 30, 2010 were
$21,850,475 ($1.007 per share).
On June 30, 2011, net assets of
the Fund were $242,620,217. The
net asset value per share on June 30,
2011 was $11.16 based on
21,739,126 shares outstanding. In comparison, on June 30, 2010, net assets of the Fund were
$259,280,104. The net asset
value per share on June 30, 2010 was
$11.94 based on 21,708,136 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 $199.0 billion
in assets as of July 31, 2011,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
EATON VANCE
CALIFORNIA MUNICIPAL BOND FUND
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SUMMARY OF
RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three Months
Ended
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Nine Months
Ended
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June
30,
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June
30,
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2011
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2010
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2011
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2010
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Net investment income
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$ 4,360
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$ 4,555
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$ 13,064
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$ 13,895
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Net realized and unrealized
gains (losses)
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on investments
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19,120
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1,353
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(30,754)
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(21,850)
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Net increase (decrease) in net
assets
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from operations
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$ 23,480
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$ 5,908
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$ (17,690)
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$ (7,955)
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Earnings per Share
Outstanding
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Net investment income
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$ 0.200
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$ 0.209
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$ 0.601
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$ 0.640
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Net realized and unrealized
gains (losses)
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on investments
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0.881
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0.063
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(1.415)
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(1.007)
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Net increase (decrease) in net
assets
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from operations
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$ 1.081
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$ 0.272
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$ (0.814)
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$ (0.367)
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Net Asset Value at June
30
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Net assets
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$ 242,620
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$ 259,280
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Shares outstanding
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21,739
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21,708
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Net asset value per share
outstanding
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$ 11.16
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$ 11.94
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Market Value Summary
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Market price on NYSE Amex at
June 30
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$ 11.67
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$ 12.61
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High market price (period ended
June 30)
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$ 13.21
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$ 13.12
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Low market price (period ended
June 30)
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$ 10.33
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$ 11.17
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SOURCE Eaton Vance Management