BOSTON, Sept. 7, 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 nine-month periods ended
June 30, 2012. The Fund's
fiscal year ends on September 30,
2012.
For the three months ended June 30,
2012, the Fund had net investment income of $758,674 ($0.196
per common share). From this amount, the Fund paid dividends
on preferred shares of $20,354 (equal
to $0.005 for each common share),
resulting in net investment income after the preferred dividends of
$738,320, or $0.191 per common share. The Fund's net
investment income for the nine months ended June 30, 2012 was $2,265,261 ($0.584
per common share, before deduction of the preferred share dividends
totaling $0.012 per common share),
resulting in net investment income after the preferred dividends of
$0.572 per common share. In
comparison, for the three months ended June
30, 2011, the Fund had net investment income of $810,050 ($0.209
per common share). From this amount, the Fund paid dividends
on preferred shares of $19,967 (equal
to $0.005 for each common share),
resulting in net investment income after the preferred dividends of
$790,083, or $0.204 per common share. The Fund's net
investment income for the nine months ended June 30, 2011 was $2,464,397 ($0.636
per common share, before deduction of the preferred share dividends
totaling $0.019 per common share),
resulting in net investment income after the preferred dividends of
$0.617 per common share.
Net realized and unrealized gains for the three months ended
June 30, 2012 were $1,102,450 ($0.286
per common share). The Fund's net realized and unrealized gains for
the nine months ended June 30, 2012
were $4,785,182 ($1.233 per common share). In comparison, net
realized and unrealized gains for the three months ended
June 30, 2011 were $3,535,184 ($0.907
per common share). The Fund's net realized and unrealized losses
for the nine months ended June 30,
2011 were $5,530,104
($1.426 per common share).
On June 30, 2012, net assets of
the Fund applicable to common shares were $50,230,789. The net asset value per common share
on June 30, 2012 was $12.93 based on 3,883,382 common shares
outstanding. In comparison, on June
30, 2011, net assets of the Fund applicable to common shares
were $42,933,207. The net asset value
per common share on June 30, 2011 was
$11.07 based on 3,879,458 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 month-end are also posted to the website
approximately 30 days following month-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 $192.9 billion
in assets as of July 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 CALIFORNIA MUNICIPAL BOND FUND II
|
|
|
|
|
|
SUMMARY
OF RESULTS OF OPERATIONS
|
|
|
|
|
|
(in
thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three
Months Ended
|
|
Nine
Months Ended
|
|
|
|
|
|
|
|
June
30,
|
|
June
30,
|
|
|
|
|
|
|
|
2012
|
|
2011
|
|
2012
|
|
2011
|
|
|
|
|
|
Net
investment income
|
$
759
|
|
$
810
|
|
$
2,265
|
|
$
2,464
|
|
|
|
|
|
Net
realized and unrealized gains (losses)
|
|
|
|
|
|
|
|
|
|
|
|
|
on
investments
|
1,102
|
|
3,535
|
|
4,785
|
|
(5,530)
|
|
|
|
|
|
Preferred
dividends paid from net investment income
|
(20)
|
|
(20)
|
|
(46)
|
|
(74)
|
|
|
|
|
|
|
Net
increase (decrease) in net assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
from
operations
|
$
1,841
|
|
$
4,325
|
|
$
7,004
|
|
$(3,140)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings
per Common Share Outstanding
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
|
$
0.196
|
|
$
0.209
|
|
$
0.584
|
|
$
0.636
|
|
|
|
|
|
Net
realized and unrealized gains (losses)
|
|
|
|
|
|
|
|
|
|
|
|
|
on
investments
|
0.286
|
|
0.907
|
|
1.233
|
|
(1.426)
|
|
|
|
|
|
Preferred
dividends paid from net investment income
|
(0.005)
|
|
(0.005)
|
|
(0.012)
|
|
(0.019)
|
|
|
|
|
|
|
Net
increase (decrease) in net assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
from
operations
|
$
0.477
|
|
$
1.111
|
|
$
1.805
|
|
$(0.809)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
|
$
0.196
|
|
$
0.209
|
|
$
0.584
|
|
$
0.636
|
|
|
|
|
|
Preferred
dividends paid from net investment income
|
(0.005)
|
|
(0.005)
|
|
(0.012)
|
|
(0.019)
|
|
|
|
|
|
Net
investment income after preferred dividends
|
$
0.191
|
|
$
0.204
|
|
$
0.572
|
|
$
0.617
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Asset
Value at June 30 (Common Shares)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets
|
|
|
|
|
$50,231
|
|
$42,933
|
|
|
|
|
|
|
Shares
outstanding
|
|
|
|
|
3,883
|
|
3,879
|
|
|
|
|
|
|
Net asset
value per share outstanding
|
|
|
|
|
$12.93
|
|
$11.07
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market
Value Summary (Common Shares)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market
price on NYSE MKT at June 30
|
|
|
|
|
$12.86
|
|
$11.38
|
|
|
|
|
|
|
High
market price (period ended June 30)
|
|
|
|
|
$13.41
|
|
$13.18
|
|
|
|
|
|
|
Low market
price (period ended June 30)
|
|
|
|
|
$11.85
|
|
$10.35
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOURCE Eaton Vance Management