BOSTON, June 22, 2012 /PRNewswire/ -- Eaton Vance
California Municipal Bond Fund II (NYSE MKT: EIA) (the "Fund"), a
closed-end management investment company, today announced the
earnings of the Fund for the three and six-month periods ended
March 31, 2012. The Fund's
fiscal year ends on September 30,
2012.
For the three months ended March 31,
2012, the Fund had net investment income of $743,277 ($0.191
per common share). From this amount, the Fund paid dividends
on preferred shares of $12,293 (equal
to $0.003 for each common share),
resulting in net investment income after the preferred dividends of
$730,984, or $0.188 per common share. The Fund's net
investment income for the six months ended March 31, 2012 was $1,506,587 ($0.388
per common share, before deduction of the preferred share dividends
totaling $0.007 per common share),
resulting in net investment income after the preferred dividends of
$0.381 per common share. In
comparison, for the three months ended March
31, 2011, the Fund had net investment income of $824,394 ($0.213
per common share). From this amount, the Fund paid dividends
on preferred shares of $25,915 (equal
to $0.007 for each common share),
resulting in net investment income after the preferred dividends of
$798,479, or $0.206 per common share. The Fund's net
investment income for the six months ended March 31, 2011 was $1,654,347 ($0.427
per common share, before deduction of the preferred share dividends
totaling $0.014 per common share),
resulting in net investment income after the preferred dividends of
$0.413 per common share.
Net realized and unrealized gains for the three months ended
March 31, 2012 were $2,608,259 ($0.670
per common share). The Fund's net realized and unrealized gains for
the six months ended March 31, 2012
were $3,682,732 ($0.947 per common share). In comparison, net
realized and unrealized losses for the three months ended
March 31, 2011 were $1,900,978 ($0.484
per common share). The Fund's net realized and unrealized losses
for the six months ended March 31,
2011 were $9,065,288
($2.333 per common share).
On March 31, 2012, net assets of
the Fund applicable to common shares were $49,135,457. The net asset value per common
share on March 31, 2012 was
$12.65 based on 3,883,143 common
shares outstanding. In comparison, on March 31, 2011, net assets of the Fund applicable
to common shares were $39,432,069. The net asset value per common
share on March 31, 2011 was
$10.17 based on 3,878,453 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 $197.5 billion
in assets as of April 30, 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 CALIFORNIA MUNICIPAL BOND FUND II
|
SUMMARY
OF RESULTS OF OPERATIONS
|
(in
thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
Three
Months Ended
|
|
Six
Months Ended
|
|
|
March
31,
|
|
March
31,
|
|
|
2012
|
|
2011
|
|
2012
|
|
2011
|
Net
investment income
|
$
743
|
|
$
824
|
|
$
1,507
|
|
$
1,654
|
Net
realized and unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
2,608
|
|
(1,901)
|
|
3,683
|
|
(9,065)
|
Preferred
dividends paid from net investment income
|
(12)
|
|
(26)
|
|
(26)
|
|
(54)
|
|
Net
increase (decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
$
3,339
|
|
$(1,103)
|
|
$
5,164
|
|
$
(7,465)
|
|
|
|
|
|
|
|
|
|
Earnings
per Common Share Outstanding
|
|
|
|
|
|
|
|
Net
investment income
|
$
0.191
|
|
$
0.213
|
|
$
0.388
|
|
$
0.427
|
Net
realized and unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
0.670
|
|
(0.484)
|
|
0.947
|
|
(2.333)
|
Preferred
dividends paid from net investment income
|
(0.003)
|
|
(0.007)
|
|
(0.007)
|
|
(0.014)
|
|
Net
increase (decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
$
0.858
|
|
$(0.278)
|
|
$
1.328
|
|
$
(1.920)
|
|
|
|
|
|
|
|
|
|
Net
investment income
|
$
0.191
|
|
$
0.213
|
|
$
0.388
|
|
$
0.427
|
Preferred
dividends paid from net investment income
|
(0.003)
|
|
(0.007)
|
|
(0.007)
|
|
(0.014)
|
Net
investment income after preferred dividends
|
$
0.188
|
|
$
0.206
|
|
$
0.381
|
|
$
0.413
|
|
|
|
|
|
|
|
|
|
Net Asset
Value at March 31 (Common Shares)
|
|
|
|
|
|
|
|
|
Net
assets
|
|
|
|
|
$
49,135
|
|
$
39,432
|
|
Shares
outstanding
|
|
|
|
|
3,883
|
|
3,878
|
|
Net asset
value per share outstanding
|
|
|
|
|
$
12.65
|
|
$
10.17
|
|
|
|
|
|
|
|
|
|
Market
Value Summary (Common Shares)
|
|
|
|
|
|
|
|
|
Market
price on NYSE MKT at March 31
|
|
|
|
|
$
12.50
|
|
$
10.36
|
|
High
market price (period ended March 31)
|
|
|
|
|
$
13.41
|
|
$
13.18
|
|
Low market
price (period ended March 31)
|
|
|
|
|
$
11.85
|
|
$
10.11
|
SOURCE Eaton Vance Management