BOSTON, Dec. 3, 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 months and year ended September 30, 2012. The Fund's fiscal year ended
on September 30, 2012.
For the three months ended September 30,
2012, the Fund had net investment income of $475,860 ($0.188
per common share). From this amount, the Fund paid dividends
on preferred shares of $10,592 (equal
to $0.004 for each common share),
resulting in net investment income after the preferred dividends of
$465,268, or $0.184 per common share. The Fund's net
investment income for the year ended September 30, 2012 was $1,929,229 ($0.762
per common share, before deduction of the preferred share dividends
totaling $0.016 per common share),
resulting in net investment income after the preferred dividends of
$0.746 per common share. In
comparison, for the three months ended September 30, 2011, the Fund had net investment
income of $505,936 ($0.200 per common share). From this amount,
the Fund paid dividends on preferred shares of $9,601 (equal to $0.004 for each common share), resulting in net
investment income after the preferred dividends of $496,335, or $0.196
per common share. The Fund's net investment income for the year
ended September 30, 2011 was
$2,058,345 ($0.814 per common share, before deduction of the
preferred share dividends totaling $0.023 per common share), resulting in net
investment income after the preferred dividends of $0.791 per common share.
Net realized and unrealized gains for the three months ended
September 30, 2012 were $1,375,930 ($0.539
per common share). The Fund's net realized and unrealized gains for
the year ended September 30, 2012
were $4,075,862 ($1.606 per common share). In comparison, net
realized and unrealized gains for the three months ended
September 30, 2011 were $1,426,074 ($0.560
per common share). The Fund's net realized and unrealized losses
for the year ended September 30, 2011
were $1,908,559 ($0.759 per common share).
On September 30, 2012, net assets
of the Fund applicable to common shares were $34,984,870. The net asset value per common share
on September 30, 2012 was
$13.80 based on 2,534,904 common
shares outstanding. In comparison, on September 30, 2011, net assets of the Fund
applicable to common shares were $30,921,602. The net asset value per common share
on September 30, 2011 was
$12.22 based on 2,530,846 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 $199.5 billion
in assets as of October 31, 2012
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON
VANCE OHIO MUNICIPAL BOND FUND
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SUMMARY
OF RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three
Months Ended
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Year
Ended
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September 30,
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September 30,
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2012
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2011
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2012
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2011
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Net
investment income
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$
476
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$
506
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$
1,929
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$
2,058
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Net
realized and unrealized gains (losses)
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on
investments
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1,376
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1,426
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4,076
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(1,909)
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Preferred
dividends paid from net investment income
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(10)
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(10)
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(41)
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(59)
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Net
increase (decrease) in net assets
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from operations
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$
1,842
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$
1,922
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$
5,964
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$
90
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Earnings
per Common Share Outstanding
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Net
investment income
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$
0.188
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$
0.200
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$
0.762
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$
0.814
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Net
realized and unrealized gains (losses)
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on
investments
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0.539
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0.560
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1.606
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(0.759)
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Preferred
dividends paid from net investment income
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(0.004)
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(0.004)
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(0.016)
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(0.023)
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Net
increase (decrease) in net assets
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from operations
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$
0.723
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$
0.756
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$
2.352
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$
0.032
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Net
investment income
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$
0.188
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$
0.200
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$
0.762
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$
0.814
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Preferred
dividends paid from net investment income
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(0.004)
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(0.004)
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(0.016)
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(0.023)
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Net
investment income after preferred dividends
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$
0.184
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$
0.196
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$
0.746
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$
0.791
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Net Asset
Value at September 30 (Common Shares)
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Net
assets
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$
34,985
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$
30,922
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Shares
outstanding
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2,535
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2,531
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Net asset
value per share outstanding
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$
13.80
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$
12.22
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Market
Value Summary (Common Shares)
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Market
price on NYSE MKT at September 30
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$
15.20
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$
12.78
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High
market price (period ended September 30)
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$
16.05
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$
14.20
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Low market
price (period ended September 30)
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$
12.60
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$
10.82
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SOURCE Eaton Vance Management