BOSTON, April 15, 2015 /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 ended December 31,
2014. The Fund's fiscal year ends on September 30, 2015.
For the three months ended December 31,
2014, the Fund had net investment income of $467,282 ($0.184
per common share). From this amount, the Fund paid dividends
on preferred shares of $4,362 (equal
to $0.002 for each common share),
resulting in net investment income after the preferred dividends of
$462,920, or $0.182 per common share. In comparison, for
the three months ended December 31,
2013, the Fund had net investment income of $473,569 ($0.187
per common share). From this amount, the Fund paid dividends
on preferred shares of $5,068 (equal
to $0.002 for each common share),
resulting in net investment income after the preferred dividends of
$468,501, or $0.185 per common share.
Net realized and unrealized gains for the three months ended
December 31, 2014 were $453,191 ($0.179
per common share). In comparison, net realized and unrealized
losses for the three months ended December
31, 2013 were $173,741
($0.068 per common share).
On December 31, 2014, net assets
of the Fund applicable to common shares were $35,418,000. The net asset value per common share
on December 31, 2014 was $13.96 based on 2,536,999 common shares
outstanding. In comparison, on December 31,
2013, net assets of the Fund applicable to common shares
were $30,844,320. The net asset value
per common share on December 31, 2013
was $12.16 based on 2,536,999 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 $303.4
billion in assets as of March 31,
2015, offering individuals and institutions a broad array of
investment strategies and wealth management solutions. The
Company's long record of providing exemplary service and attractive
returns through a variety of market conditions has made Eaton Vance
the investment manager of choice for many of today's most
discerning investors. For more information about Eaton Vance,
visit www.eatonvance.com.
EATON VANCE OHIO
MUNICIPAL BOND FUND
|
SUMMARY OF RESULTS
OF OPERATIONS
|
(in thousands,
except per share amounts)
|
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Three Months
Ended
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Three Months
Ended
|
|
|
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December
31,
|
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December
31,
|
|
|
|
2014
|
|
2013
|
Net investment
income
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$ 467
|
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$ 474
|
Net realized and
unrealized gains (losses)
|
|
|
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on
investments
|
453
|
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(174)
|
Preferred dividends
paid from net investment income
|
(4)
|
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(5)
|
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Net increase
(decrease) in net assets
|
|
|
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from
operations
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$ 916
|
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$ 295
|
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Earnings per Common
Share Outstanding
|
|
|
|
Net investment
income
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$ 0.184
|
|
$ 0.187
|
Net realized and
unrealized gains (losses)
|
|
|
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on
investments
|
|
0.179
|
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(0.068)
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Preferred dividends
paid from net investment income
|
(0.002)
|
|
(0.002)
|
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Net increase
(decrease) in net assets
|
|
|
|
|
from
operations
|
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$ 0.361
|
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$ 0.117
|
|
|
|
|
|
|
Net investment
income
|
$ 0.184
|
|
$ 0.187
|
Preferred dividends
paid from net investment income
|
(0.002)
|
|
(0.002)
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Net investment income
after preferred dividends
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$ 0.182
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$ 0.185
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Net Asset Value at
December 31 (Common Shares)
|
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Net
assets
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$ 35,418
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$ 30,844
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Shares
outstanding
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2,537
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2,537
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Net asset value per
share outstanding
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$ 13.96
|
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$ 12.16
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Market Value Summary
(Common Shares)
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Market price on NYSE
MKT at December 31
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$ 12.72
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$ 11.05
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High market price
(period ended December 31)
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$ 12.72
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$ 11.71
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Low market price
(period ended December 31)
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$ 12.40
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$ 10.85
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/eaton-vance-ohio-municipal-bond-fund-report-of-earnings-300066471.html
SOURCE Eaton Vance Management