BOSTON, Jan. 14, 2015 /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 months and year ended
September 30, 2014. The Fund's
fiscal year ended on September 30,
2014.
For the three months ended September 30,
2014, the Fund had net investment income of $749,779 ($0.193
per common share). From this amount, the Fund paid dividends
on preferred shares of $6,065 (equal
to $0.001 for each common share),
resulting in net investment income after the preferred dividends of
$743,714, or $0.192 per common share. The Fund's net
investment income for the year ended September 30, 2014 was $2,987,611 ($0.769
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
$0.762 per common share. In
comparison, for the three months ended September 30, 2013, the Fund had net investment
income of $735,202 ($0.189 per common share). From this amount,
the Fund paid dividends on preferred shares of $6,983 (equal to $0.002 for each common share), resulting in net
investment income after the preferred dividends of $728,219, or $0.187
per common share. The Fund's net investment income for the year
ended September 30, 2013 was
$2,938,111 ($0.756 per common share, before deduction of the
preferred share dividends totaling $0.013 per common share), resulting in net
investment income after the preferred dividends of $0.743 per common share.
Net realized and unrealized gains for the three months ended
September 30, 2014 were $1,075,570 ($0.282
per common share). The Fund's net realized and unrealized gains for
the year ended September 30, 2014
were $5,728,089 ($1.479 per common share). In comparison, net
realized and unrealized losses for the three months ended
September 30, 2013 were $1,287,695 ($0.336
per common share). The Fund's net realized and unrealized losses
for the year ended September 30, 2013
were $6,320,553 ($1.632 per common share).
On September 30, 2014, net assets
of the Fund applicable to common shares were $51,580,555. The net asset value per common share
on September 30, 2014 was
$13.28 based on 3,885,230 common
shares outstanding. In comparison, on September 30, 2013, net assets of the Fund
applicable to common shares were $45,732,372. The net asset value per common share
on September 30, 2013 was
$11.77 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 $296.0 billion
in assets as of December 31, 2014
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON VANCE
CALIFORNIA MUNICIPAL BOND FUND
II
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
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|
|
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|
|
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Three Months
Ended
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Year
Ended
|
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September
30,
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September
30,
|
|
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2014
|
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2013
|
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2014
|
|
2013
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Net investment
income
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$ 750
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$ 735
|
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$ 2,988
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$ 2,938
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Net realized and
unrealized gains (losses)
|
|
|
|
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on
investments
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1,076
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(1,288)
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5,728
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(6,321)
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Preferred dividends
paid from net investment income
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(6)
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(7)
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(27)
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(51)
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Net increase
(decrease) in net assets
|
|
|
|
|
|
|
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from
operations
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$ 1,820
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$ (560)
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$ 8,689
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$ (3,434)
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Earnings per Common
Share Outstanding
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|
|
|
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Net investment
income
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$ 0.193
|
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$ 0.189
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$ 0.769
|
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$ 0.756
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Net realized and
unrealized gains (losses)
|
|
|
|
|
|
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on
investments
|
0.282
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(0.336)
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1.479
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(1.632)
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Preferred dividends
paid from net investment income
|
(0.001)
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(0.002)
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(0.007)
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(0.013)
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Net increase
(decrease) in net assets
|
|
|
|
|
|
|
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from
operations
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$ 0.474
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$ (0.149)
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$ 2.241
|
|
$ (0.889)
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|
|
|
|
|
|
|
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Net investment
income
|
$ 0.193
|
|
$ 0.189
|
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$ 0.769
|
|
$ 0.756
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Preferred dividends
paid from net investment income
|
(0.001)
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|
(0.002)
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(0.007)
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(0.013)
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Net investment income
after preferred dividends
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$ 0.192
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$ 0.187
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$ 0.762
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$ 0.743
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Net Asset Value at
September 30 (Common Shares)
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Net
assets
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|
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$51,581
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$45,732
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Shares
outstanding
|
|
|
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3,885
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3,885
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Net asset value per
share outstanding
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$13.28
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$11.77
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Market Value Summary
(Common Shares)
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Market price on NYSE
MKT at September 30
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$12.08
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$11.26
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High market price
(period ended September 30)
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$12.43
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$15.50
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Low market price
(period ended September 30)
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$10.33
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$10.38
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/eaton-vance-california-municipal-bond-fund-ii-report-of-earnings-300020638.html
SOURCE Eaton Vance Management