Eaton Vance Insured Ohio Municipal Bond Fund Report of Earnings
June 16 2009 - 6:07PM
PR Newswire (US)
BOSTON, June 16 /PRNewswire-FirstCall/ -- Eaton Vance Insured Ohio
Municipal Bond Fund (NYSE 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, 2009. The
Fund's fiscal year ends on September 30, 2009. For the three months
ended March 31, 2009, the Fund had net investment income of
$504,001 ($0.201 per common share). From this amount, the Fund paid
dividends on preferred shares of $34,396 (equal to $0.013 for each
common share), resulting in net investment income after the
preferred dividends of $469,605, or $0.188 per common share. The
Fund's net investment income for the six months ended March 31,
2009 was $1,070,588 ($0.426 per common share, before deduction of
the preferred share dividends totaling $0.082 per common share),
resulting in net investment income after the preferred dividends of
$0.344 per common share. In comparison, 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. Net realized and unrealized gains for the
three months ended March 31, 2009 were $3,116,867 ($1.242 per
common share). The Fund's net realized and unrealized losses for
the six months ended March 31, 2009 were $2,690,557 ($1.068 per
common share). In comparison, 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). On March 31, 2009, net assets of the Fund applicable
to common shares were $25,878,292. The net asset value per common
share on March 31, 2009 was $10.28 based on 2,517,007 common shares
outstanding. In comparison, 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. The Funds are 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 $127.2 billion in assets as of April 30,
2009 offering individuals and institutions a broad array of
investment products 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
http://www.eatonvance.com/. 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, --------- --------- 2009 2008 2009 2008 ---- ---- ---- ---- Net
investment income $504 $598 $1,071 $1,198 Net realized and
unrealized gains (losses) on investments 3,117 (3,612) (2,691)
(4,704) Preferred dividends paid from net investment income (1)
(34) (200) (207) (396) --- ---- ---- ---- Net increase (decrease)
in net assets from operations $3,587 $(3,214) $(1,827) $(3,902)
====== ======= ======= ======= Earnings per Common Share
Outstanding ------------------------------------- Net investment
income $0.201 $0.238 $0.426 $0.477 Net realized and unrealized
gains (losses) on investments 1.242 (1.433) (1.068) (1.868)
Preferred dividends paid from net investment income (1) (0.013)
(0.080) (0.082) (0.158) ------ ------ ------ ------ Net increase
(decrease) in net assets from operations $1.430 $(1.275) $(0.724)
$(1.549) ====== ======= ======= ======= Net investment income
$0.201 $0.238 $0.426 $0.477 Preferred dividends paid from net
investment income (1) (0.013) (0.080) (0.082) (0.158) ------ ------
------ ------ Net investment income after preferred dividends (1)
$0.188 $0.158 $0.344 $0.319 ====== ====== ====== ====== Net Asset
Value at March 31 (Common Shares) --------------------------- Net
assets $25,878 $32,939 Shares outstanding 2,517 2,513 Net asset
value per share outstanding $10.28 $13.11 Market Value Summary
(Common Shares) ------------------------------------ Market price
on NYSE Amex at March 31 $10.60 $12.04 High market price (period
ended March 31) $12.25 $14.40 Low market price (period ended March
31) $6.70 $11.85 (1) During the period ended March 31, 2009, the
Fund made a partial redemption of its preferred shares. DATASOURCE:
Eaton Vance Management CONTACT: Investor Contact of Eaton Vance
Management, +1-800-262-1122 Web Site: http://www.eatonvance.com/
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