BOSTON, June 11, 2013 /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, 2013. The Fund's fiscal year ends on
September 30, 2013.
For the three months ended March 31,
2013, the Fund had net investment income of $457,787 ($0.181
per common share). From this amount, the Fund paid dividends on
preferred shares of $7,413 (equal to
$0.003 for each common share),
resulting in net investment income after the preferred dividends of
$450,374, or $0.178 per common share. The Fund's net
investment income for the six months ended March 31, 2013 was $927,541 ($0.366
per common share, before deduction of the preferred share dividends
totaling $0.008 per common share),
resulting in net investment income after the preferred dividends of
$0.358 per common share. In
comparison, 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.
Net realized and unrealized losses for the three months ended
March 31, 2013 were $520,320 ($0.202
per common share). The Fund's net realized and unrealized losses
for the six months ended March 31,
2013 were $311,405
($0.120 per common share). In
comparison, 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).
On March 31, 2013, net assets of
the Fund applicable to common shares were $34,663,557. The net asset value per common share
on March 31, 2013 was $13.67 based on 2,536,051 common shares
outstanding. In comparison, 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.
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 $260.3 billion
in assets as of April 30, 2013
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON VANCE OHIO
MUNICIPAL BOND FUND
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SUMMARY OF RESULTS
OF OPERATIONS
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(in thousands,
except per share amounts)
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Three Months
Ended
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Six Months
Ended
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March
31,
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March
31,
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2013
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2012
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2013
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2012
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Net investment
income
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$
458
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$
480
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$
928
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$
970
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Net realized and
unrealized gains (losses)
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on investments
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(520)
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1,418
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(311)
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2,173
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Preferred dividends
paid from net investment income
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(7)
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(8)
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(19)
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(17)
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Net increase
(decrease) in net assets
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from operations
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$
(69)
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$ 1,890
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$
598
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$
3,126
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Earnings per Common
Share Outstanding
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Net investment
income
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$
0.181
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$ 0.189
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$
0.366
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$
0.383
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Net realized and
unrealized gains (losses)
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on investments
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(0.202)
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0.562
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(0.120)
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0.860
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Preferred dividends
paid from net investment income
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(0.003)
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(0.003)
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(0.008)
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(0.007)
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Net increase
(decrease) in net assets
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from operations
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$(0.024)
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$ 0.748
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$
0.238
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$
1.236
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Net investment
income
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$
0.181
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$ 0.189
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$
0.366
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$
0.383
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Preferred dividends
paid from net investment income
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(0.003)
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(0.003)
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(0.008)
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(0.007)
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Net investment income
after preferred dividends
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$
0.178
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$ 0.186
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$
0.358
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$
0.376
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Net Asset Value at
March 31 (Common Shares)
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Net
assets
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$ 34,664
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$ 33,102
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Shares
outstanding
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2,536
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2,533
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Net asset value per
share outstanding
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$
13.67
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$
13.07
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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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$
14.04
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$
14.07
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High market price
(period ended March 31)
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$
15.93
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$
14.29
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Low market price
(period ended March 31)
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$
14.04
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$
12.60
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SOURCE Eaton Vance Management