Eaton Vance Florida Plus Municipal Income Trust Report of Earnings
May 13 2008 - 11:23AM
Business Wire
Eaton Vance Florida Plus Municipal Income Trust (AMEX:FEV) (the
�Trust�), a closed-end management investment company, today
announced the earnings of the Trust for the three months ended
February 29, 2008. The Trust�s fiscal year ends on November 30,
2008. For the three months ended February 29, 2008, the Trust had
net investment income of $1,016,664 ($0.239 per common share). From
this amount, the Trust paid dividends on preferred shares of
$343,479 (equal to $0.081 for each common share), resulting in net
investment income after the preferred dividends of $673,185, or
$0.158 per common share. In comparison, for the three months ended
February 28, 2007, the Trust had net investment income of
$1,018,005 ($0.239 per common share). From this amount, the Trust
paid dividends on preferred shares of $314,003 (equal to $0.074 for
each common share), resulting in net investment income after the
preferred dividends of $704,002, or $0.165 per common share. Net
realized and unrealized losses for the three months ended February
29, 2008 were $9,246,662 ($2.172 per common share). In comparison,
net realized and unrealized losses for the three months ended
February 28, 2007 were $206,027 ($0.048 per common share). On
February 29, 2008, net assets of the Trust applicable to common
shares were $53,506,611. The net asset value per common share on
February 29, 2008 was $12.57 based on 4,257,408 common shares
outstanding. In comparison, on February 28, 2007, net assets of the
Trust applicable to common shares were $67,051,670. The net asset
value per common share on February 28, 2007 was $15.75 based on
4,257,408 common shares outstanding. The Trust is managed by Eaton
Vance Management, a subsidiary of Eaton Vance Corp. which is listed
on the New York Stock Exchange under the symbol EV. Eaton Vance and
its affiliates had approximately $150.9 billion in assets under
management on March 31, 2008. Eaton Vance Management will make
available periodic summary information regarding portfolio
investments. Those interested should call Eaton Vance at (800)
626-1122. � EATON VANCE FLORIDA MUNICIPAL INCOME TRUST SUMMARY OF
RESULTS OF OPERATIONS (in thousands, except per share amounts) � �
� � Three Months Ended Three Months Ended February 29 February 28
2008 2007 Net investment income $ 1,017 $ 1,018 Net realized and
unrealized gains (losses) on investments (9,247) (206) Preferred
dividends paid (343) (314) Net increase (decrease) in net assets
from operations $ (8,573) $ 498 � Earnings per Common Share
Outstanding Net investment income $ 0.239 $ 0.239 Net realized and
unrealized gains (losses) on investments (2.172) (0.048) Preferred
dividends paid (0.081) (0.074) Net increase (decrease) in net
assets from operations $ (2.014) $ 0.117 � Net investment income $
0.239 $ 0.239 Preferred dividends paid (0.081) (0.074) Net
investment income after preferred dividends $ 0.158 $ 0.165 � Net
Asset Value at February 29 (Common Shares) Net assets $53,507
$67,052 Shares outstanding 4,257 4,257 Net asset value per share
outstanding $12.57 $15.75 � Market Value Summary (Common Shares)
Market price on AMEX at February 29 $11.81 $14.28 High market price
(period ended February 29) $13.30 $14.45 Low market price (period
ended February 29) $11.81 $14.11
Eaton Vance FL Sbi (AMEX:FEV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eaton Vance FL Sbi (AMEX:FEV)
Historical Stock Chart
From Jul 2023 to Jul 2024