BOSTON, April 15, 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 ended December 31, 2014. The Fund's fiscal year
ends on September 30, 2015.
For the three months ended December 31,
2014, the Fund had net investment income of $739,450 ($0.190
per common share). From this amount, the Fund paid dividends
on preferred shares of $7,059 (equal
to $0.002 for each common share),
resulting in net investment income after the preferred dividends of
$732,391, or $0.188 per common share. In comparison, for
the three months ended December 31,
2013, the Fund had net investment income of $731,535 ($0.188
per common share). From this amount, the Fund paid dividends
on preferred shares of $7,693 (equal
to $0.002 for each common share),
resulting in net investment income after the preferred dividends of
$723,842, or $0.186 per common share.
Net realized and unrealized gains for the three months ended
December 31, 2014 were $277,481 ($0.071
per common share). In comparison, net realized and unrealized
losses for the three months ended December
31, 2013 were $416,754
($0.107 per common share).
On December 31, 2014, net assets
of the Fund applicable to common shares were $51,880,409. The net asset value per common share
on December 31, 2014 was $13.35 based on 3,885,230 common shares
outstanding. In comparison, on December 31, 2013, net assets of the Fund
applicable to common shares were $45,329,441. The net asset value per common share
on December 31, 2013 was $11.67 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 $303.4 billion
in assets as of March 31, 2015
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
|
|
|
|
Three Months
Ended
|
|
|
|
|
December
31,
|
|
|
|
December
31,
|
|
|
|
|
2014
|
|
|
|
2013
|
|
Net investment
income
|
|
$ 739
|
|
|
|
$ 732
|
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
|
277
|
|
|
|
(417)
|
|
Preferred dividends
paid from net investment income
|
|
(7)
|
|
|
|
(8)
|
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
|
$ 1,009
|
|
|
|
$ 307
|
|
|
|
|
|
|
|
|
|
|
Earnings per Common
Share Outstanding
|
|
|
|
|
|
|
|
Net investment
income
|
|
$ 0.190
|
|
|
|
$ 0.188
|
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
|
0.071
|
|
|
|
(0.107)
|
|
Preferred dividends
paid from net investment income
|
|
(0.002)
|
|
|
|
(0.002)
|
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
|
$ 0.259
|
|
|
|
$ 0.079
|
|
|
|
|
|
|
|
|
|
|
Net investment
income
|
|
$ 0.190
|
|
|
|
$ 0.188
|
|
Preferred dividends
paid from net investment income
|
|
(0.002)
|
|
|
|
(0.002)
|
|
Net investment income
after preferred dividends
|
|
$ 0.188
|
|
|
|
$ 0.186
|
|
|
|
|
|
|
|
|
|
|
Net Asset Value at
December 31 (Common Shares)
|
|
|
|
|
|
|
|
|
Net
assets
|
|
$ 51,880
|
|
|
|
$ 45,329
|
|
|
Shares
outstanding
|
|
3,885
|
|
|
|
3,885
|
|
|
Net asset value per
share outstanding
|
|
$ 13.35
|
|
|
|
$ 11.67
|
|
|
|
|
|
|
|
|
|
|
Market Value Summary
(Common Shares)
|
|
|
|
|
|
|
|
|
Market price on NYSE
MKT at December 31
|
|
$ 12.60
|
|
|
|
$ 10.70
|
|
|
High market price
(period ended December 31)
|
|
$ 12.82
|
|
|
|
$ 11.37
|
|
|
Low market price
(period ended December 31)
|
|
$ 12.07
|
|
|
|
$ 10.33
|
|
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-300066604.html
SOURCE Eaton Vance Management