Eaton Vance California Municipal Bond Fund II Report of Earnings

BOSTON, Oct. 2, 2013 /PRNewswire/ -- Eaton Vance California Municipal Bond Fund II (NYSE MKT: EIA) (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, 2013.  The Fund's fiscal year ends on September 30, 2013.

For the three months ended June 30, 2013, the Fund had net investment income of $732,815 ($0.189 per common share).  From this amount, the Fund paid dividends on preferred shares of $15,614 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $717,201, or $0.185 per common share. The Fund's net investment income for the nine months ended June 30, 2013 was $2,202,909 ($0.567 per common share, before deduction of the preferred share dividends totaling $0.011 per common share), resulting in net investment income after the preferred dividends of $0.556 per common share. In comparison, for the three months ended June 30, 2012, the Fund had net investment income of $758,674 ($0.196 per common share).  From this amount, the Fund paid dividends on preferred shares of $20,354 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $738,320, or $0.191 per common share. The Fund's net investment income for the nine months ended June 30, 2012 was $2,265,261 ($0.584 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 $0.572 per common share.

Net realized and unrealized losses for the three months ended June 30, 2013 were $4,847,627 ($1.240 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2013 were $5,032,858 ($1.296 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2012 were $1,102,450 ($0.286 per common share). The Fund's net realized and unrealized gains for the nine months ended June 30, 2012 were $4,785,182 ($1.233 per common share).

On June 30, 2013, net assets of the Fund applicable to common shares were $47,001,864. The net asset value per common share on June 30, 2013 was $12.10 based on 3,885,230 common shares outstanding.  In comparison, on June 30, 2012, net assets of the Fund applicable to common shares were $50,230,789. The net asset value per common share on June 30, 2012 was $12.93 based on 3,883,382 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 $268.8 billion in assets as of July 31, 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.










EATON VANCE CALIFORNIA MUNICIPAL BOND FUND II

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Nine Months Ended



June 30,


June 30,



2013


2012


2013


2012

Net investment income

$       733


$       759


$    2,203


$    2,265

Net realized and unrealized gains (losses)








  on investments

(4,848)


1,102


(5,033)


4,785

Preferred dividends paid from net investment income 

(16)


(20)


(44)


(46)


Net increase (decrease) in net assets









  from operations

$  (4,131)


$    1,841


$   (2,874)


$    7,004










Earnings per Common Share Outstanding








Net investment income 

$    0.189


$    0.196


$    0.567


$    0.584

Net realized and unrealized gains (losses)








  on investments

(1.240)


0.286


(1.296)


1.233

Preferred dividends paid from net investment income

(0.004)


(0.005)


(0.011)


(0.012)


Net increase (decrease) in net assets









  from operations

$  (1.055)


$    0.477


$   (0.740)


$    1.805










Net investment income

$    0.189


$    0.196


$    0.567


$    0.584

Preferred dividends paid from net investment income       

(0.004)


(0.005)


(0.011)


(0.012)

Net investment income after preferred dividends

$    0.185


$    0.191


$    0.556


$    0.572










Net Asset Value at June 30 (Common Shares)









Net assets 





$47,002


$50,231


Shares outstanding 





3,885


3,883


Net asset value per share outstanding





$12.10


$12.93










Market Value Summary (Common Shares)









Market price on NYSE MKT at June 30





$11.50


$12.86


High market price (period ended June 30)





$15.50


$13.41


Low market price (period ended June 30)





$10.83


$11.85










 

SOURCE Eaton Vance Management



RELATED LINKS
http://www.eatonvance.com

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