BOSTON, March 12, 2012 /PRNewswire/ -- Eaton Vance
California Municipal Bond Fund (NYSE Amex: EVM) (the "Fund"), a
closed-end management investment company, today announced the
earnings of the Fund for the three months ended December 31, 2011. The Fund's fiscal year ends on
September 30, 2012.
For the three months ended December 31,
2011, the Fund had net investment income of $4,121,344 ($0.189
per share). In comparison, for the three months ended December 31, 2010, the Fund had net investment
income of $4,431,544 ($0.204 per share).
Net realized and unrealized gains for the three months ended
December 31, 2011 were $2,344,993 ($0.108
per share). In comparison, net realized and unrealized losses for
the three months ended December 31,
2010 were $38,814,543
($1.787 per share).
On December 31, 2011, net assets
of the Fund were $257,199,638. The
net asset value per share on December 31,
2011 was $11.82 based on
21,751,730 shares outstanding. In comparison, on December 31, 2010, net assets of the Fund were
$234,979,328. The net asset value per
share on December 31, 2010 was
$10.82 based on 21,722,821 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 $191.7 billion
in assets as of January 31, 2012,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON
VANCE CALIFORNIA MUNICIPAL BOND FUND
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SUMMARY
OF RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three
Months Ended
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December 31,
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2011
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2010
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Net
investment income
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$
4,121
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$
4,432
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Net
realized and unrealized gains (losses)
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on
investments
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2,345
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(38,815)
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Net
increase (decrease) in net assets
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from
operations
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$
6,466
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$
(34,383)
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Earnings
per Share Outstanding
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Net
investment income
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$
0.189
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$
0.204
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Net
realized and unrealized gains (losses)
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on
investments
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0.108
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(1.787)
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Net
increase (decrease) in net assets
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from
operations
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$
0.297
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$
(1.583)
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Net Asset
Value at December 31
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Net
assets
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$
257,200
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$
234,979
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Shares
outstanding
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21,752
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21,723
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Net asset
value per share outstanding
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$
11.82
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$
10.82
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Market
Value Summary
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Market
price on NYSE Amex at December 31
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$
12.82
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$
11.25
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High
market price (period ended December 31)
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$
12.85
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$
13.21
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Low market
price (period ended December 31)
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$
11.80
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$
10.58
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SOURCE Eaton Vance Management