BOSTON, March 4, 2011 /PRNewswire/ -- Eaton Vance 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 months ended December 31,
2010. The Fund's fiscal year ends on September 30, 2011.
For the three months ended December 31,
2010, the Fund had net investment income of $509,837 ($0.202
per common share). From this amount, the Fund paid dividends
on preferred shares of $18,872 (equal
to $0.007 for each common share),
resulting in net investment income after the preferred dividends of
$490,965, or $0.195 per common share. In comparison, for the
three months ended December 31, 2009,
the Fund had net investment income of $523,985 ($0.208
per common share). From this amount, the Fund paid dividends
on preferred shares of $18,434 (equal
to $0.007 for each common share),
resulting in net investment income after the preferred dividends of
$505,551, or $0.201 per common share.
Net realized and unrealized losses for the three months ended
December 31, 2010 were $4,326,193 ($1.712
per common share). In comparison, net realized and unrealized
losses for the three months ended December
31, 2009 were $1,265,969
($0.502 per common share).
On December 31, 2010, net assets
of the Fund applicable to common shares were $28,413,618. The net asset value per common
share on December 31, 2010 was
$11.24 based on 2,526,861 common
shares outstanding. In comparison, on December 31, 2009, net assets of the Fund
applicable to common shares were $31,501,387. The net asset value per common
share on December 31, 2009 was
$12.49 based on 2,521,327 common
shares outstanding.
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 $191.7 billion
in assets as of January 31, 2011
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
OHIO MUNICIPAL BOND FUND
|
|
|
SUMMARY OF
RESULTS OF OPERATIONS
|
|
|
(in
thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Three Months
Ended
|
|
|
|
December
31,
|
|
December
31,
|
|
|
|
2010
|
|
2009
|
|
|
Net investment income
|
$
510
|
|
$
524
|
|
|
Net realized and unrealized
gains (losses)
|
|
|
|
|
|
on investments
|
(4,326)
|
|
(1,266)
|
|
|
Preferred dividends paid from
net investment income
|
(19)
|
|
(18)
|
|
|
Net increase (decrease) in net
assets
|
|
|
|
|
|
from operations
|
$
(3,835)
|
|
$
(760)
|
|
|
|
|
|
|
|
|
Earnings per Common Share
Outstanding
|
|
|
|
|
|
Net investment income
|
$
0.202
|
|
$
0.208
|
|
|
Net realized and unrealized
gains (losses)
|
|
|
|
|
|
on investments
|
(1.712)
|
|
(0.502)
|
|
|
Preferred dividends paid from
net investment income
|
(0.007)
|
|
(0.007)
|
|
|
Net increase (decrease) in net
assets
|
|
|
|
|
|
from operations
|
$
(1.517)
|
|
$
(0.301)
|
|
|
|
|
|
|
|
|
Net investment income
|
$
0.202
|
|
$
0.208
|
|
|
Preferred dividends paid from
net investment income
|
(0.007)
|
|
(0.007)
|
|
|
Net investment income after
preferred dividends
|
$
0.195
|
|
$
0.201
|
|
|
|
|
|
|
|
|
Net Asset Value at December 31
(Common Shares)
|
|
|
|
|
|
Net assets
|
$
28,414
|
|
$
31,501
|
|
|
Shares outstanding
|
2,527
|
|
2,521
|
|
|
Net asset value per share
outstanding
|
$
11.24
|
|
$
12.49
|
|
|
|
|
|
|
|
|
Market Value Summary (Common
Shares)
|
|
|
|
|
|
Market price on NYSE Amex at
December 31
|
$
11.51
|
|
$
12.30
|
|
|
High market price (period ended
December 31)
|
$
14.20
|
|
$
13.82
|
|
|
Low market price (period ended
December 31)
|
$
11.23
|
|
$
12.21
|
|
|
|
|
|
|
SOURCE Eaton Vance Management