BOSTON, Feb. 10, 2012 /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 ended November 30, 2011. The Fund's fiscal year ends on
August 31, 2012.
For the three months ended November 30,
2011, the Fund had net investment income of $14,490,080 ($0.199
per share). In comparison, for the three months ended November 30, 2010, the Fund had net investment
income of $11,952,385 ($0.164 per common share).
Net realized and unrealized losses for the three months ended
November 30, 2011 were $630,657 ($0.009
per share). In comparison, net realized and unrealized gains for
the three months ended November 30,
2010 were $99,700,520
($1.369 per common share).
On November 30, 2011, net assets
of the Fund were $1,212,559,447. The
net asset value per share on November 30,
2011 was $16.65 based on
72,835,899 shares outstanding. In comparison, on November 30, 2010, net assets of the Fund were
$1,250,067,082. The net asset
value per share on November 30, 2010
was $17.16 based on 72,835,899 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 $184.5 billion
in assets as of December 31, 2011
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's
long record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON VANCE
TAX-ADVANTAGED DIVIDEND INCOME FUND
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SUMMARY OF
RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three Months
Ended
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November
30,
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2011
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2010
|
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Gross investment
income
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$
19,469
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$
16,629
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Operating expenses
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(3,625)
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(3,512)
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Interest expense
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(1,354)
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(1,165)
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Net investment income
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$
14,490
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$
11,952
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Net realized and unrealized
gains (losses)
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on investments
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$
(631)
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$
99,701
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Net increase (decrease) in net
assets
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from operations
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$
13,859
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$
111,653
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Earnings per Common Share
Outstanding
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Gross investment
income
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$
0.268
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$
0.228
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Operating expenses
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(0.050)
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(0.048)
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Interest expense
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(0.019)
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(0.016)
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Net investment income
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$
0.199
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$
0.164
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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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$
1.369
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Net increase (decrease) in net
assets
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from operations
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$
0.190
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$
1.533
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Net investment income
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$
0.199
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$
0.164
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Net Asset Value at November 30
(Common Shares)
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Net assets (000)
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$ 1,212,559
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$ 1,250,067
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Shares outstanding
(000)
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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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$
16.65
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$
17.16
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Market Value Summary (Common
Shares)
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Market price on NYSE at November
30
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$
14.48
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$
16.02
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High market price (period ended
November 30)
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$
15.31
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$
16.82
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Low market price (period ended
November 30)
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$
13.19
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$
15.11
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SOURCE Eaton Vance Management