BOSTON, Nov. 4, 2011 /PRNewswire/ -- Eaton Vance
Tax-Advantaged Dividend Income Fund (NYSE: EVT), a diversified
closed-end management investment company, today announced the
earnings of the Fund for the three months and year ended
August 31, 2011. The Fund's fiscal
year ended on August 31, 2011.
For the three months ended August 31,
2011, the Fund had net investment income of $14,174,869 ($0.195
per share). For the year ended August 31,
2011, the Fund had net investment income of $98,602,847 ($1.354
per share). In comparison, for the three months ended
August 31, 2010, the Fund had net
investment income of $26,198,740
($0.360 per share). For the year
ended August 31, 2010, the Fund had
net investment income of $96,954,166
($1.331 per share).
Net realized and unrealized losses for the three months ended
August 31, 2011 were $178,778,271 ($2.455 per share) and net realized and unrealized
gains for the year ended August 31,
2011 were $55,825,270
($0.766 per share). In comparison,
net realized and unrealized gains for the three months ended
August 31, 2010 were $34,939,468 ($0.485
per share) and net realized and unrealized gains for the year ended
August 31, 2010 were $42,545,999 ($0.589
per share).
On August 31, 2011, net assets of
the Fund were $1,222,187,029. The net
asset value per share on August 31,
2011 was $16.78 based on
72,835,900 shares outstanding. In comparison,
on August 31, 2010, net assets of
the Fund were $1,161,717,222. The net
asset value per share on August 31,
2010 was $15.95 based on
72,835,900 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 $177.8 billion
in assets as of September 30, 2011
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's
long record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON VANCE
TAX-ADVANTAGED DIVIDEND INCOME FUND
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SUMMARY OF
RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three Months
Ended
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Year
Ended
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August
31,
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August
31,
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2011
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2010
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2011
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2010
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Gross investment
income
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$ 19,220
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$
30,612
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$
118,305
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$
114,391
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Operating expenses
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(3,849)
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(2,429)
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(14,909)
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(12,632)
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Interest expense
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(1,196)
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(1,984)
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(4,793)
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(4,805)
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Net investment income
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$ 14,175
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$
26,199
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$
98,603
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$
96,954
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Net realized and unrealized
gains (losses)
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on investments
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$ (178,778)
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$
34,939
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$
55,825
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$
42,546
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Net increase (decrease) in net
assets
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from operations
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$
(164,603)
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$
61,138
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$
154,428
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$
139,500
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Earnings per Share
Outstanding
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Gross investment
income
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$
0.264
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$
0.420
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$
1.624
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$
1.570
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Operating expenses
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(0.052)
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(0.033)
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(0.204)
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(0.173)
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Interest expense
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(0.017)
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(0.027)
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(0.066)
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(0.066)
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Net investment income
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$
0.195
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$
0.360
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$
1.354
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$
1.331
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Net realized and unrealized
gains (losses)
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on investments
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$
(2.455)
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$
0.485
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$
0.766
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$
0.589
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Net increase (decrease) in net
assets
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from operations
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$
(2.260)
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$
0.845
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$
2.120
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$
1.920
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Net Asset Value at August
31
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Net assets
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$ 1,222,187
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$ 1,161,717
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Shares outstanding
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72,836
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72,836
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Net asset value per share
outstanding
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$
16.78
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$
15.95
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Market Value Summary
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Market price on NYSE at August
31
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$
15.16
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$
14.75
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High market price (period ended
August 31)
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$
18.13
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$
16.80
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Low market price (period ended
August 31)
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$
13.82
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$
13.47
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SOURCE Eaton Vance Management