BOSTON, Oct. 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 nine-month periods ended
June 30, 2014. The Fund's
fiscal year ends on September 30,
2014.
For the three months ended June 30,
2014, the Fund had net investment income of $748,957 ($0.193
per common share). From this amount, the Fund paid dividends
on preferred shares of $8,537 (equal
to $0.003 for each common share),
resulting in net investment income after the preferred dividends of
$740,420, or $0.190 per common share. The Fund's net
investment income for the nine months ended June 30, 2014 was $2,237,832 ($0.576
per common share, before deduction of the preferred share dividends
totaling $0.006 per common share),
resulting in net investment income after the preferred dividends of
$0.570 per common share. In
comparison, 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.
Net realized and unrealized gains for the three months ended
June 30, 2014 were $1,858,700 ($0.482
per common share). The Fund's net realized and unrealized gains for
the nine months ended June 30, 2014
were $4,652,519 ($1.197 per common share). In comparison, 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).
On June 30, 2014, net assets of
the Fund applicable to common shares were $50,471,290. The net asset value per common share
on June 30, 2014 was $12.99 based on 3,885,230 common shares
outstanding. In comparison, 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.
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 $288.2 billion
in assets as of July 31, 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
|
|
Nine Months
Ended
|
|
|
June
30,
|
|
June
30,
|
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
Net investment
income
|
$ 749
|
|
$ 733
|
|
$ 2,238
|
|
$ 2,203
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
1,859
|
|
(4,848)
|
|
4,653
|
|
(5,033)
|
Preferred dividends
paid from net investment income
|
(9)
|
|
(16)
|
|
(21)
|
|
(44)
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
$ 2,599
|
|
$ (4,131)
|
|
$ 6,870
|
|
$ (2,874)
|
|
|
|
|
|
|
|
|
|
Earnings per Common
Share Outstanding
|
|
|
|
|
|
|
|
Net investment
income
|
$ 0.193
|
|
$ 0.189
|
|
$ 0.576
|
|
$ 0.567
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
0.482
|
|
(1.240)
|
|
1.197
|
|
(1.296)
|
Preferred dividends
paid from net investment income
|
(0.003)
|
|
(0.004)
|
|
(0.006)
|
|
(0.011)
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
$ 0.672
|
|
$ (1.055)
|
|
$ 1.767
|
|
$ (0.740)
|
|
|
|
|
|
|
|
|
|
Net investment
income
|
$ 0.193
|
|
$ 0.189
|
|
$ 0.576
|
|
$ 0.567
|
Preferred dividends
paid from net investment income
|
(0.003)
|
|
(0.004)
|
|
(0.006)
|
|
(0.011)
|
Net investment income
after preferred dividends
|
$ 0.190
|
|
$ 0.185
|
|
$ 0.570
|
|
$ 0.556
|
|
|
|
|
|
|
|
|
|
Net Asset Value at
June 30 (Common Shares)
|
|
|
|
|
|
|
|
|
Net
assets
|
|
|
|
|
$50,471
|
|
$47,002
|
|
Shares
outstanding
|
|
|
|
|
3,885
|
|
3,885
|
|
Net asset value per
share outstanding
|
|
|
|
|
$12.99
|
|
$12.10
|
|
|
|
|
|
|
|
|
|
Market Value Summary
(Common Shares)
|
|
|
|
|
|
|
|
|
Market price on NYSE
MKT at June 30
|
|
|
|
|
$12.28
|
|
$11.50
|
|
High market price
(period ended June 30)
|
|
|
|
|
$12.36
|
|
$15.50
|
|
Low market price
(period ended June 30)
|
|
|
|
|
$10.33
|
|
$10.83
|
SOURCE Eaton Vance Management