BOSTON, March 12, 2012 /PRNewswire/ -- Eaton Vance
Pennsylvania Municipal Bond Fund (NYSE Amex: EIP) (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 $628,073 ($0.212
per common share). From this amount, the Fund paid dividends on
preferred shares of $11,586 (equal to
$0.004 for each common share),
resulting in net investment income after the preferred dividends of
$616,487, or $0.208 per common share. In comparison, for the
three months ended December 31, 2010,
the Fund had net investment income of $652,892 ($0.221
per common share). From this amount, the Fund paid dividends on
preferred shares of $23,131 (equal to
$0.008 for each common share),
resulting in net investment income after the preferred dividends of
$629,761, or $0.213 per common share.
Net realized and unrealized gains for the three months ended
December 31, 2011 were $590,656 ($0.200
per common share). In comparison, net realized and unrealized
losses for the three months ended December
31, 2010 were $5,069,925
($1.717 per common share).
On December 31, 2011, net assets
of the Fund applicable to common shares were $39,534,178. The net asset value per common share
on December 31, 2011 was $13.37 based on 2,956,067 common shares
outstanding. In comparison, on December 31,
2010, net assets of the Fund applicable to common shares
were $35,198,689. The net asset value
per common share on December 31, 2010
was $11.92 based on 2,952,700 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 $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.
EATON VANCE
PENNSYLVANIA MUNICIPAL BOND FUND
|
|
SUMMARY OF
RESULTS OF OPERATIONS
|
|
(in
thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Three Months
Ended
|
|
|
|
December
31,
|
|
December
31,
|
|
|
|
2011
|
|
2010
|
|
Net investment income
|
$
628
|
|
$
653
|
|
Net realized and unrealized
gains (losses)
|
|
|
|
|
on investments
|
591
|
|
(5,070)
|
|
Preferred dividends paid from
net investment income
|
(12)
|
|
(23)
|
|
|
Net increase (decrease) in net
assets
|
|
|
|
|
|
from operations
|
$
1,207
|
|
$
(4,440)
|
|
|
|
|
|
|
|
Earnings per Common Share
Outstanding
|
|
|
|
|
Net investment income
|
$
0.212
|
|
$
0.221
|
|
Net realized and unrealized
gains (losses)
|
|
|
|
|
on investments
|
0.200
|
|
(1.717)
|
|
Preferred dividends paid from
net investment income
|
(0.004)
|
|
(0.008)
|
|
|
Net increase (decrease) in net
assets
|
|
|
|
|
|
from operations
|
$
0.408
|
|
$
(1.504)
|
|
|
|
|
|
|
|
Net investment income
|
$
0.212
|
|
$
0.221
|
|
Preferred dividends paid from
net investment income
|
(0.004)
|
|
(0.008)
|
|
Net investment income after
preferred dividends
|
$
0.208
|
|
$
0.213
|
|
|
|
|
|
|
|
Net Asset Value at December 31
(Common Shares)
|
|
|
|
|
|
Net assets
|
$
39,534
|
|
$
35,199
|
|
|
Shares outstanding
|
2,956
|
|
2,953
|
|
|
Net asset value per share
outstanding
|
$
13.37
|
|
$
11.92
|
|
|
|
|
|
|
|
Market Value Summary (Common
Shares)
|
|
|
|
|
|
Market price on NYSE Amex at
December 31
|
$
13.42
|
|
$
11.73
|
|
|
High market price (period ended
December 31)
|
$
13.42
|
|
$
14.49
|
|
|
Low market price (period ended
December 31)
|
$
12.50
|
|
$
11.46
|
|
|
|
|
|
|
SOURCE Eaton Vance Management