BOSTON, Oct. 2, 2013 /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, 2013. The Fund's
fiscal year ends on September 30,
2013.
For the three months ended June 30,
2013, the Fund had net investment income of $732,815 ($0.189
per common share). From this amount, the Fund paid dividends
on preferred shares of $15,614 (equal
to $0.004 for each common share),
resulting in net investment income after the preferred dividends of
$717,201, or $0.185 per common share. The Fund's net
investment income for the nine months ended June 30, 2013 was $2,202,909 ($0.567
per common share, before deduction of the preferred share dividends
totaling $0.011 per common share),
resulting in net investment income after the preferred dividends of
$0.556 per common share. In
comparison, 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.
Net realized and unrealized losses for the three months ended
June 30, 2013 were $4,847,627 ($1.240
per common share). The Fund's net realized and unrealized losses
for the nine months ended June 30,
2013 were $5,032,858
($1.296 per common share). In
comparison, 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).
On June 30, 2013, net assets of
the Fund applicable to common shares were $47,001,864. The net asset value per common share
on June 30, 2013 was $12.10 based on 3,885,230 common shares
outstanding. In comparison, 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.
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 $268.8 billion
in assets as of July 31, 2013
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON VANCE
CALIFORNIA MUNICIPAL BOND FUND II
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SUMMARY OF RESULTS
OF OPERATIONS
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(in thousands,
except per share amounts)
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Three Months
Ended
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Nine Months
Ended
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June
30,
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June
30,
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2013
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2012
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2013
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2012
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Net investment
income
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$
733
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$
759
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$
2,203
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$
2,265
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Net realized and
unrealized gains (losses)
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on
investments
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(4,848)
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1,102
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(5,033)
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4,785
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Preferred dividends
paid from net investment income
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(16)
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(20)
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(44)
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(46)
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Net increase
(decrease) in net assets
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from
operations
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$
(4,131)
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$
1,841
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$
(2,874)
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$
7,004
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Earnings per Common
Share Outstanding
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Net investment
income
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$
0.189
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$
0.196
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$
0.567
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$
0.584
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Net realized and
unrealized gains (losses)
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on
investments
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(1.240)
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0.286
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(1.296)
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1.233
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Preferred dividends
paid from net investment income
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(0.004)
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(0.005)
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(0.011)
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(0.012)
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Net increase
(decrease) in net assets
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from
operations
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$
(1.055)
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$
0.477
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$
(0.740)
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$
1.805
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Net investment
income
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$
0.189
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$
0.196
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$
0.567
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$
0.584
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Preferred dividends
paid from net investment
income
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(0.004)
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(0.005)
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(0.011)
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(0.012)
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Net investment income
after preferred dividends
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$
0.185
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$
0.191
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$
0.556
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$
0.572
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Net Asset Value at
June 30 (Common Shares)
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Net
assets
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$47,002
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$50,231
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Shares
outstanding
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3,885
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3,883
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Net asset value per
share outstanding
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$12.10
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$12.93
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Market Value Summary
(Common Shares)
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Market price on NYSE
MKT at June 30
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$11.50
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$12.86
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High market price
(period ended June 30)
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$15.50
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$13.41
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Low market price
(period ended June 30)
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$10.83
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$11.85
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SOURCE Eaton Vance Management