BOSTON, Sept. 9, 2011 /PRNewswire/ -- Eaton Vance
Enhanced Equity Income Fund II (NYSE: EOS), a diversified
closed-end investment company, today announced the earnings of the
Fund for the three and six-month periods ended June 30, 2011. The Fund's fiscal year ends
on December 31, 2011.
For the three months ended June 30,
2011, the Fund had net investment income of $927,129 ($0.019
per common share). For the six months ended June 30, 2011, the Fund had net investment income
of $893,403 ($0.018 per common share). In comparison,
for the three months ended June 30,
2010, the Fund had net investment income of $980,877 ($0.020
per common share). For the six months ended June 30, 2010, the Fund had net investment income
of $1,618,752 ($0.034 per common share).
Net realized and unrealized gains for the three months ended
June 30, 2011 were $1,676,557 ($0.037
per common share) and net realized and unrealized gains for the six
months ended June 30, 2011 were
$29,197,998 ($0.605 per common share). In comparison, net
realized and unrealized losses for the three months ended
June 30, 2010 were $59,183,123 ($1.234
per common share) and net realized and unrealized losses for the
six months ended June 30, 2010 were
$33,145,011 ($0.694 per common share).
On June 30, 2011, net assets of
the Fund were $625,338,117. The
net asset value per common share on June 30,
2011 was $12.90 based on
48,492,823 common shares outstanding. In comparison, on
June 30, 2010, net assets of the Fund
were $563,817,979. The net
asset value per common share on June 30,
2010 was $11.66 based on
48,340,447 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 $199.0 billion
in assets as of July 31, 2011,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON VANCE
ENHANCED EQUITY INCOME FUND II
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SUMMARY OF
RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three Months
Ended
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Six Months
Ended
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June
30,
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June
30,
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2011
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2010
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2011
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2010
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Gross investment
income
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$
2,703
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$
2,715
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$
4,445
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$
5,107
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Operating expenses
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(1,776)
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(1,734)
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(3,552)
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(3,488)
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Net investment income
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$
927
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$
981
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$
893
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$
1,619
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Net realized and unrealized
gains (losses)
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on investments
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$
1,677
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$
(59,183)
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$
29,198
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$
(33,145)
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Net increase (decrease) in net
assets
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from operations
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$
2,604
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$
(58,202)
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$
30,091
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$
(31,526)
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Earnings per Common Share
Outstanding
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Gross investment
income
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$
0.055
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$
0.056
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$
0.091
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$
0.106
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Operating expenses
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(0.036)
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(0.036)
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(0.073)
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(0.072)
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Net investment income
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$
0.019
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$
0.020
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$
0.018
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$
0.034
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Net realized and unrealized
gains (losses)
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on investments
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$
0.037
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$
(1.234)
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$
0.605
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$
(0.694)
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Net increase (decrease) in net
assets
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from operations
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$
0.056
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$
(1.214)
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$
0.623
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$
(0.660)
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Net Asset Value at June 30
(Common Shares)
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Net assets
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$
625,338
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$
563,818
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Shares outstanding
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48,493
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48,340
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Net asset value per share
outstanding
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$
12.90
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$
11.66
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Market Value Summary (Common
Shares)
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Market price on NYSE at June
30
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$
11.79
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$
12.02
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High market price (period ended
June 30)
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$
12.67
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$
14.67
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Low market price (period ended
June 30)
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$
11.42
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$
11.72
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SOURCE Eaton Vance Management