Eaton Vance Enhanced Equity Income Fund II Report of Earnings
September 02 2009 - 2:59PM
PR Newswire (US)
BOSTON, Sept. 2 /PRNewswire-FirstCall/ -- Eaton Vance Enhanced
Equity Income Fund II (NYSE:EOS), a diversified closed-end
investment company, today announced the earnings of the Fund for
the three months ended June 30, 2009 and the six months ended June
30, 2009. The Fund's fiscal year ends on December 31, 2009. For the
three months ended June 30, 2009, the Fund had net investment
income of $1,501,213 ($0.031 per common share). For the six months
ended June 30, 2009, the Fund had net investment income of
$2,587,972 ($0.054 per common share). In comparison, for the three
months ended June 30, 2008, the Fund had net investment income of
$749,369 ($0.016 per common share). For the six months ended June
30, 2008, the Fund had net investment income of $1,859,028 ($0.039
per common share). Net realized and unrealized gains for the three
months ended June 30, 2009 were $64,586,294 ($1.355 per common
share) and net realized and unrealized gains for the six months
ended June 30, 2009 were $26,065,482 ($0.550 per common share). In
comparison, net realized and unrealized gains for the three months
ended June 30, 2008 were $15,117,119 ($0.320 per common share) and
net realized and unrealized losses for the six months ended June
30, 2008 were $63,970,808 ($1.335 per common share). On June 30,
2009, net assets of the Fund were $566,261,920. The net asset value
per common share on June 30, 2009 was $11.82 based on 47,921,661
common shares outstanding. In comparison, on June 30, 2008, net
assets of the Fund were $829,600,294. The net asset value per
common share on June 30, 2008 was $17.34 based on 47,844,178 common
shares outstanding. 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 $143.7 billion in assets as of July 31, 2009, offering
individuals and institutions a broad array of investment products
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
http://www.eatonvance.com/. EATON VANCE ENHANCED EQUITY INCOME FUND
II SUMMARY OF RESULTS OF OPERATIONS (in thousands, except per share
amounts) Three Months Ended Six Months Ended June 30, June 30,
-------- -------- 2009 2008 2009 2008 ---- ---- ---- ---- Gross
investment income $3,028 $3,085 $5,652 $6,490 Operating expenses
(1,527) (2,336) (3,064) (4,631) ------ ------ ------ ------ Net
investment income $1,501 $749 $2,588 $1,859 Net realized and
unrealized gains (losses) on investments $64,586 $15,117 $26,065
$(63,971) ------- ------- ------- -------- Net increase (decrease)
in net assets from operations $66,087 $15,866 $28,653 $(62,112)
======= ======= ======= ======== Earnings per Share Outstanding
------------------------------ Gross investment income $0.063
$0.065 $0.118 $0.136 Operating expenses (0.032) (0.049) (0.064)
(0.097) ------ ------ ------ ------ Net investment income $0.031
$0.016 $0.054 $0.039 Net realized and unrealized gains (losses) on
investments $1.355 $0.320 $0.550 $(1.335) ------ ------ ------
------- Net increase (decrease) in net assets from operations
$1.386 $0.336 $0.604 $(1.296) ====== ====== ====== ======= Net
Asset Value at June 30 (Common Shares)
------------------------------------------ Net assets $566,262
$829,600 Shares outstanding 47,922 47,844 Net asset value per share
outstanding $11.82 $17.34 Market Value Summary (Common Shares)
------------------------------------- Market price on NYSE at June
30 $12.29 $17.16 High market price (period ended June 30) $12.32
$18.82 Low market price (period ended June 30) $7.59 $16.21
DATASOURCE: Eaton Vance Management CONTACT: Investor Contact:
+1-800-262-1122 Web Site: http://www.eatonvance.com/
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