BOSTON, Sept. 8, 2011 /PRNewswire/ -- Eaton Vance New
York Municipal Bond Fund II (NYSE Amex: NYH) (the "Fund"), a
closed-end management investment company, today announced the
earnings of the Fund for the three and nine-month periods 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 $595,924 ($0.232
per common share). From this amount, the Fund paid dividends
on preferred shares of $10,444 (equal
to $0.004 for each common share),
resulting in net investment income after the preferred dividends of
$585,480, or $0.228 per common share. The Fund's net
investment income for the nine months ended June 30, 2011 was $1,658,337 ($0.647
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
$0.632 per common share. In
comparison, for the three months ended June
30, 2010, the Fund had net investment income of $542,607 ($0.212
per common share). From this amount, the Fund paid dividends
on preferred shares of $14,761 (equal
to $0.006 for each common share),
resulting in net investment income after the preferred dividends of
$527,846, or $0.206 per common share. The Fund's net
investment income for the nine months ended June 30, 2010 was $1,635,451 ($0.639
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
$0.623 per common share.
Net realized and unrealized gains for the three months ended
June 30, 2011 were $1,586,157 ($0.621
per common share). The Fund's net realized and unrealized losses
for the nine months ended June 30,
2011 were $2,745,810
($1.072 per common share). In
comparison, net realized and unrealized losses for the three months
ended June 30, 2010 were $336,179 ($0.137
per common share). The Fund's net realized and unrealized losses
for the nine months ended June 30,
2010 were $2,037,917
($0.796 per common share).
On June 30, 2011, net assets of
the Fund applicable to common shares were $31,542,148. The net asset value per common share
on June 30, 2011 was $12.30 based on 2,563,435 common shares
outstanding. In comparison, on June
30, 2010, net assets of the Fund applicable to common shares
were $32,744,844. The net asset value
per common share on June 30, 2010 was
$12.79 based on 2,560,228 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 $199.0 billion
in assets as of July 31, 2011
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
EATON VANCE
NEW YORK MUNICIPAL BOND FUND II
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SUMMARY OF
RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three Months
Ended
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Nine Months
Ended
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June
30,
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June
30,
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2011
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2010
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2011
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2010
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Net investment income
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$
596
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$
543
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$
1,658
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$
1,635
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Net realized and unrealized
gains (losses)
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on investments
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1,586
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(336)
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(2,746)
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(2,038)
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Preferred dividends paid from
net investment income
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(10)
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(15)
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(38)
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(40)
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Net increase (decrease) in net
assets
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from operations
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$
2,172
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$
192
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$
(1,126)
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$
(443)
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Earnings per Common Share
Outstanding
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Net investment income
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$
0.232
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$
0.212
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$
0.647
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$
0.639
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Net realized and unrealized
gains (losses)
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on investments
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0.621
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(0.137)
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(1.072)
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(0.796)
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Preferred dividends paid from
net investment income
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(0.004)
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(0.006)
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(0.015)
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(0.016)
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Net increase (decrease) in net
assets
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from operations
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$
0.849
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$
0.069
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$
(0.440)
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$
(0.173)
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Net investment income
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$
0.232
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$
0.212
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$
0.647
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$
0.639
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Preferred dividends paid from
net investment income
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(0.004)
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(0.006)
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(0.015)
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(0.016)
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Net investment income after
preferred dividends
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$
0.228
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$
0.206
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$
0.632
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$
0.623
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Net Asset Value at June 30
(Common Shares)
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Net assets
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$31,542
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$32,745
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Shares outstanding
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2,563
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2,560
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Net asset value per share
outstanding
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$12.30
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$12.79
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Market Value Summary (Common
Shares)
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Market price on NYSE Amex at
June 30
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$13.63
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$13.70
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High market price (period ended
June 30)
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$14.30
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$14.24
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Low market price (period ended
June 30)
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$11.49
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$12.91
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SOURCE Eaton Vance Management