Eaton Vance Insured Ohio Municipal Bond Fund Report of Earnings
June 13 2008 - 4:09PM
Business Wire
Eaton Vance Insured Ohio Municipal Bond Fund (AMEX:EIO) (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, 2008. The Fund�s fiscal year ends on
September 30, 2008. For the three months ended March 31, 2008, the
Fund had net investment income of $598,367 ($0.238 per common
share). From this amount, the Fund paid dividends on preferred
shares of $199,532 (equal to $0.080 for each common share),
resulting in net investment income after the preferred dividends of
$398,835, or $0.158 per common share. The Fund�s net investment
income for the six months ended March 31, 2008 was $1,198,414
($0.477 per common share, before deduction of the preferred share
dividends totaling $0.158 per common share), resulting in net
investment income after the preferred dividends of $0.319 per
common share. In comparison, for the three months ended March 31,
2007, the Fund had net investment income of $605,387 ($0.241 per
common share). From this amount, the Fund paid dividends on
preferred shares of $178,955 (equal to $0.071 for each common
share), resulting in net investment income after the preferred
dividends of $426,432, or $0.170 per common share. The Fund�s net
investment income for the six months ended March 31, 2007 was
$1,213,197 ($0.483 per common share, before deduction of the
preferred share dividends totaling $0.145 per common share),
resulting in net investment income after the preferred dividends of
$0.338 per common share. Net realized and unrealized losses for the
three months ended March 31, 2008 were $3,612,159 ($1.433 per
common share). The Fund�s net realized and unrealized losses for
the six months ended March 31, 2008 were $4,704,178 ($1.868 per
common share). In comparison, net realized and unrealized losses
for the three months ended March 31, 2007 were $194,570 ($0.070 per
common share). The Fund�s net realized and unrealized gains for the
six months ended March 31, 2007 were $327,973 ($0.138 per common
share). On March 31, 2008, net assets of the Fund applicable to
common shares were $32,938,902. The net asset value per common
share on March 31, 2008 was $13.11 based on 2,513,365 common shares
outstanding. In comparison, on March 31, 2007, net assets of the
Fund applicable to common shares were $38,864,950. The net asset
value per common share on March 31, 2007 was $15.47 based on
2,512,727 common shares outstanding. The Fund 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 $159.1 billion in assets under
management on April 30, 2008. Eaton Vance Management will make
available periodic summary information regarding portfolio
investments. Those interested should call Eaton Vance Management at
(800) 262-1122. EATON VANCE INSURED OHIO MUNICIPAL BOND FUND
SUMMARY OF RESULTS OF OPERATIONS (in thousands, except per share
amounts) � � � � � Three Months Ended Six Months Ended March 31,
March 31, � 2008 � � 2007 � � 2008 � � 2007 � Net investment income
$ 598 $ 605 $ 1,198 $ 1,213 Net realized and unrealized gains
(losses) on investments (3,612 ) (195 ) (4,704 ) 328 Preferred
dividends paid from net investment income � (200 ) � (179 ) � (396
) � (364 ) Net increase (decrease) in net assets from operations $
(3,214 ) $ 231 � $ (3,902 ) $ 1,177 � � Earnings per Common Share
Outstanding Net investment income $ 0.238 $ 0.241 $ 0.477 $ 0.483
Net realized and unrealized gains (losses) on investments (1.433 )
(0.070 ) (1.868 ) 0.138 Preferred dividends paid from net
investment income � (0.080 ) � (0.071 ) � (0.158 ) � (0.145 ) Net
increase (decrease) in net assets from operations $ (1.275 ) $
0.100 � $ (1.549 ) $ 0.476 � � Net investment income $ 0.238 $
0.241 $ 0.477 $ 0.483 Preferred dividends paid from net investment
income � (0.080 ) � (0.071 ) � (0.158 ) � (0.145 ) Net investment
income after preferred dividends $ 0.158 � $ 0.170 � $ 0.319 � $
0.338 � � Net Asset Value at March 31 (Common Shares) Net assets
(000) $ 32,939 $ 38,865 Shares outstanding (000) 2,513 2,513 Net
asset value per share outstanding $ 13.11 $ 15.47 � Market Value
Summary (Common Shares) Market price on AMEX at March 31 $ 12.04 $
15.20 High market price (period ended March 31) $ 14.40 $ 15.50 Low
market price (period ended March 31) $ 11.85 $ 14.32
Eaton Vance Ohio Municipal Bond Fund Common Shared of Befeficial Interest, $.01 Par Value (AMEX:EIO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eaton Vance Ohio Municipal Bond Fund Common Shared of Befeficial Interest, $.01 Par Value (AMEX:EIO)
Historical Stock Chart
From Jul 2023 to Jul 2024