BOSTON, July 10, 2014 /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, 2014. The Fund's fiscal
year ends on September 30, 2014.
For the three months ended March 31,
2014, the Fund had net investment income of $757,340 ($0.195
per common share). From this amount, the Fund paid dividends on
preferred shares of $5,150 (equal to
$0.001 for each common share),
resulting in net investment income after the preferred dividends of
$752,190, or $0.194 per common share. The Fund's net
investment income for the six months ended March 31, 2014 was $1,488,875 ($0.383
per common share, before deduction of the preferred share dividends
totaling $0.003 per common share),
resulting in net investment income after the preferred dividends of
$0.380 per common share. In
comparison, for the three months ended March
31, 2013, the Fund had net investment income of $732,637 ($0.188
per common share). From this amount, the Fund paid dividends on
preferred shares of $10,858 (equal to
$0.002 for each common share),
resulting in net investment income after the preferred dividends of
$721,779, or $0.186 per common share. The Fund's net
investment income for the six months ended March 31, 2013 was $1,470,094 ($0.378
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
$0.371 per common share.
Net realized and unrealized gains for the three months ended
March 31, 2014 were $3,210,573 ($0.822
per common share). The Fund's net realized and unrealized gains for
the six months ended March 31, 2014
were $2,793,819 ($0.715 per common share). In comparison, net
realized and unrealized losses for the three months ended
March 31, 2013 were $209,256 ($0.062
per common share). The Fund's net realized and unrealized losses
for the six months ended March 31,
2013 were $185,231
($0.056 per common share).
On March 31, 2014, net assets of
the Fund applicable to common shares were $48,582,187. The net asset value per common share
on March 31, 2014 was $12.50 based on 3,885,230 common shares
outstanding. In comparison, on March 31,
2013, net assets of the Fund applicable to common shares
were $51,842,310. The net asset value
per common share on March 31, 2013
was $13.34 based on 3,885,230 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 $285.9 billion
in assets as of April 30, 2014
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,
|
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
Net investment
income
|
$ 757
|
|
$ 733
|
|
$
1,489
|
|
$ 1,470
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
3,211
|
|
(209)
|
|
2,794
|
|
(185)
|
Preferred dividends
paid from net investment income
|
(5)
|
|
(11)
|
|
(13)
|
|
(28)
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
$ 3,963
|
|
$ 513
|
|
$
4,270
|
|
$ 1,257
|
|
|
|
|
|
|
|
|
|
Earnings per Common
Share Outstanding
|
|
|
|
|
|
|
|
Net investment
income
|
$ 0.195
|
|
$ 0.188
|
|
$
0.383
|
|
$ 0.378
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
0.822
|
|
(0.062)
|
|
0.715
|
|
(0.056)
|
Preferred dividends
paid from net investment income
|
(0.001)
|
|
(0.002)
|
|
(0.003)
|
|
(0.007)
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
$ 1.016
|
|
$ 0.124
|
|
$
1.095
|
|
$ 0.315
|
|
|
|
|
|
|
|
|
|
Net investment
income
|
$ 0.195
|
|
$ 0.188
|
|
$ 0.383
|
|
$ 0.378
|
Preferred dividends
paid from net investment income
|
(0.001)
|
|
(0.002)
|
|
(0.003)
|
|
(0.007)
|
Net investment income
after preferred dividends
|
$ 0.194
|
|
$ 0.186
|
|
$ 0.380
|
|
$ 0.371
|
|
|
|
|
|
|
|
|
|
Net Asset Value at
March 31 (Common Shares)
|
|
|
|
|
|
|
|
|
Net
assets
|
|
|
|
|
$ 48,582
|
|
$ 51,842
|
|
Shares
outstanding
|
|
|
|
|
3,885
|
|
3,885
|
|
Net asset value per
share outstanding
|
|
|
|
|
$
12.50
|
|
$ 13.34
|
|
|
|
|
|
|
|
|
|
Market Value Summary
(Common Shares)
|
|
|
|
|
|
|
|
|
Market price on NYSE
MKT at March 31
|
|
|
|
|
$
11.62
|
|
$ 13.20
|
|
High market price
(period ended March 31)
|
|
|
|
|
$
11.85
|
|
$ 15.50
|
|
Low market price
(period ended March 31)
|
|
|
|
|
$
10.33
|
|
$ 13.12
|
SOURCE Eaton Vance Management