BOSTON, Jan. 31, 2012 /PRNewswire/ -- Eaton Vance
New Jersey Municipal Income Trust (NYSE Amex: EVJ) (the "Trust"), a
closed-end management investment company, today announced the
earnings of the Trust for the three months and year ended
November 30, 2011. The Trust's fiscal
year ended on November 30, 2011.
For the three months ended November 30,
2011, the Trust had net investment income of $953,718 ($0.205
per common share). From this amount, the Trust paid dividends
on preferred shares of $19,362 (equal
to $0.004 for each common share),
resulting in net investment income after the preferred dividends of
$934,356, or $0.201 per common share. The Trust's net
investment income for the year ended November 30, 2011 was $4,146,848 ($0.890
per common share, before deduction of the preferred share dividends
totaling $0.022 per common share),
resulting in net investment income after the preferred dividends of
$0.868 per common share. In
comparison, for the three months ended November 30, 2010, the Trust had net investment
income of $1,067,746 ($0.230 per common share). From this amount,
the Trust paid dividends on preferred shares of $35,133 (equal to $0.007 for each common share), resulting in net
investment income after the preferred dividends of $1,032,613, or $0.223 per common share. The Trust's net
investment income for the year ended November 30, 2010 was $4,440,964 ($0.957
per common share, before deduction of the preferred share dividends
totaling $0.029 per common share),
resulting in net investment income after the preferred dividends of
$0.928 per common share.
Net realized and unrealized losses for the three months ended
November 30, 2011 were $24,028 ($0.009 per
common share). The Trust's net realized and unrealized losses for
the year ended November 30, 2011 were
$843,472 ($0.185 per common share). In comparison, net
realized and unrealized losses for the three months ended
November 30, 2010 were $4,409,016 ($0.946
per common share). The Trust's net realized and unrealized losses
for the year ended November 30, 2010
were $1,367,280 ($0.290 per common share).
On November 30, 2011, net assets
of the Trust applicable to common shares were $60,734,478. The net asset value per common share
on November 30, 2011 was $13.02 based on 4,664,948 common shares
outstanding. In comparison, on November 30,
2010, net assets of the Trust applicable to common shares
were $61,716,804. The net asset value
per common share on November 30, 2010
was $13.26 based on 4,655,354 common
shares outstanding.
The Trust 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"). Trust portfolio holdings for
the most recent calendar quarter-end are also posted to the website
approximately 30 days following quarter-end.
The Trust 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 $184.5 billion
in assets as of December 31, 2011,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
EATON
VANCE NEW JERSEY MUNICIPAL INCOME TRUST
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SUMMARY
OF RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three
Months Ended
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Year
Ended
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November 30,
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November 30,
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2011
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2010
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2011
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2010
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Net
investment income
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$
954
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$
1,068
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$
4,147
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$
4,441
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Net
realized and unrealized gains (losses)
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|
|
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|
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on
investments
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(24)
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(4,409)
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(843)
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(1,367)
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Preferred
dividends paid from net investment income
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(19)
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(35)
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(105)
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(136)
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Net
increase (decrease) in net assets
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|
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from
operations
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$
911
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$(3,376)
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$
3,199
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$
2,938
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Earnings
per Common Share Outstanding
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Net
investment income
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$
0.205
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$
0.230
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$
0.890
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$
0.957
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Net
realized and unrealized gains (losses)
|
|
|
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on
investments
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(0.009)
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(0.946)
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(0.185)
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(0.290)
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Preferred
dividends paid from net investment income
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(0.004)
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(0.007)
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(0.022)
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(0.029)
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Net
increase (decrease) in net assets
|
|
|
|
|
|
|
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from
operations
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$
0.192
|
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$(0.723)
|
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$
0.683
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$
0.638
|
|
|
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Net
investment income
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$
0.205
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$
0.230
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$
0.890
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$
0.957
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Preferred
dividends paid from net investment income
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(0.004)
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|
(0.007)
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(0.022)
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(0.029)
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Net
investment income after preferred dividends
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$
0.201
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$
0.223
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$
0.868
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$
0.928
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Net Asset
Value at November 30 (Common Shares)
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|
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Net
assets
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|
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$60,734
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$61,717
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Shares
outstanding
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4,665
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4,655
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Net asset
value per share outstanding
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|
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$13.02
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$13.26
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Market
Value Summary (Common Shares)
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Market
price on NYSE Amex at November 30
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$13.37
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$13.52
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High
market price (period ended November 30)
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|
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$13.55
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$14.90
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Low market
price (period ended November 30)
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$11.67
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$13.17
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SOURCE Eaton Vance Management