EIO Eaton Vance Ohio Municipal Bond Fund Common Shared of Befeficial Interest, $.01 Par Value

BOSTON, Sept. 7, 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 nine-month periods ended June 30, 2012.  The Fund's fiscal year ends on September 30, 2012.

For the three months ended June 30, 2012, the Fund had net investment income of $483,226 ($0.191 per common share). From this amount, the Fund paid dividends on preferred shares of $13,506 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $469,720, or $0.186 per common share. The Fund's net investment income for the nine months ended June 30, 2012 was $1,453,369 ($0.574 per common share, before deduction of the preferred share dividends totaling $0.012 per common share), resulting in net investment income after the preferred dividends of $0.562 per common share. In comparison, for the three months ended June 30, 2011, the Fund had net investment income of $506,339 ($0.200 per common share). From this amount, the Fund paid dividends on preferred shares of $13,363 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $492,976, or $0.195 per common share. The Fund's net investment income for the nine months ended June 30, 2011 was $1,552,409 ($0.614 per common share, before deduction of the preferred share dividends totaling $0.019 per common share), resulting in net investment income after the preferred dividends of $0.595 per common share.

Net realized and unrealized gains for the three months ended June 30, 2012 were $526,582 ($0.207 per common share). The Fund's net realized and unrealized gains for the nine months ended June 30, 2012 were $2,699,932 ($1.067 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2011 were $1,565,533 ($0.625 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2011 were $3,334,633 ($1.319 per common share).

On June 30, 2012, net assets of the Fund applicable to common shares were $33,618,528. The net asset value per common share on June 30, 2012 was $13.27 based on 2,533,926 common shares outstanding. In comparison, on June 30, 2011, net assets of the Fund applicable to common shares were $29,471,274. The net asset value per common share on June 30, 2011 was $11.65 based on 2,529,490 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 month-end are also posted to the website approximately 30 days following month-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 $192.9 billion in assets as of July 31, 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.

SOURCE Eaton Vance Management