BOSTON, June 22, 2012 /PRNewswire/ -- Eaton Vance
Ohio Municipal Bond Fund (NYSE MKT: 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, 2012. The Fund's fiscal year ends on
September 30, 2012.
For the three months ended March 31,
2012, the Fund had net investment income of $479,948 ($0.189
per common share). From this amount, the Fund paid dividends
on preferred shares of $7,859 (equal
to $0.003 for each common share),
resulting in net investment income after the preferred dividends of
$472,089, or $0.186 per common share. The Fund's net
investment income for the six months ended March 31, 2012 was $970,143 ($0.383
per common share, before deduction of the preferred share dividends
totaling $0.007 per common share),
resulting in net investment income after the preferred dividends of
$0.376 per common share. In
comparison, for the three months ended March
31, 2011, the Fund had net investment income of $536,233 ($0.212
per common share). From this amount, the Fund paid dividends
on preferred shares of $16,993 (equal
to $0.007 for each common share),
resulting in net investment income after the preferred dividends of
$519,240, or $0.205 per common share. The Fund's net
investment income for the six months ended March 31, 2011 was $1,046,070 ($0.414
per common share, before deduction of the preferred share dividends
totaling $0.014 per common share),
resulting in net investment income after the preferred dividends of
$0.400 per common share.
Net realized and unrealized gains for the three months ended
March 31, 2012 were $1,418,042 ($0.562
per common share). The Fund's net realized and unrealized gains for
the six months ended March 31, 2012
were $2,173,350 ($0.860 per common share). In comparison, net
realized and unrealized losses for the three months ended
March 31, 2011 were $573,973 ($0.232
per common share). The Fund's net realized and unrealized losses
for the six months ended March 31,
2011 were $4,900,166
($1.944 per common share).
On March 31, 2012, net assets of
the Fund applicable to common shares were $33,101,664. The net asset value per common share
on March 31, 2012 was $13.07 based on 2,533,242 common shares
outstanding. In comparison, on March 31,
2011, net assets of the Fund applicable to common shares
were $27,891,540. The net asset value
per common share on March 31, 2011
was $11.03 based on 2,528,702 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 calendar quarter-end are also posted to the website
approximately 30 days following quarter-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 $197.5 billion
in assets as of April 30, 2012
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON
VANCE OHIO MUNICIPAL BOND FUND
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SUMMARY
OF RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three
Months Ended
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Six
Months Ended
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March
31,
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March
31,
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2012
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2011
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2012
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2011
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Net
investment income
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$
480
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$
536
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$
970
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$
1,046
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Net
realized and unrealized gains (losses)
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on
investments
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1,418
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(574)
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2,173
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(4,900)
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Preferred
dividends paid from net investment income
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(8)
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(17)
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(17)
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(36)
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Net
increase (decrease) in net assets
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from
operations
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$
1,890
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$
(55)
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$
3,126
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$
(3,890)
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Earnings
per Common Share Outstanding
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Net
investment income
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$
0.189
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$
0.212
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$
0.383
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$
0.414
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Net
realized and unrealized gains (losses)
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on
investments
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0.562
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(0.232)
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0.860
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(1.944)
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Preferred
dividends paid from net investment income
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(0.003)
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(0.007)
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(0.007)
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(0.014)
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Net
increase (decrease) in net assets
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from
operations
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$
0.748
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$(0.027)
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$
1.236
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$
(1.544)
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Net
investment income
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$
0.189
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$
0.212
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$
0.383
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$
0.414
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Preferred
dividends paid from net investment income
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(0.003)
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(0.007)
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(0.007)
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(0.014)
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Net
investment income after preferred dividends
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$
0.186
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$
0.205
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$
0.376
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$
0.400
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Net Asset
Value at March 31 (Common Shares)
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Net
assets
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$
33,102
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$
27,892
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Shares
outstanding
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2,533
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2,529
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Net asset
value per share outstanding
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$
13.07
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$
11.03
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Market
Value Summary (Common Shares)
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Market
price on NYSE MKT at March 31
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$
14.07
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$
11.39
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High
market price (period ended March 31)
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$
14.29
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$
14.20
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Low market
price (period ended March 31)
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$
12.60
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$
10.82
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SOURCE Eaton Vance Management