Eaton Vance Enhanced Equity Income Fund Report Of Earnings

Mar 12, 2013, 11:41 ET from Eaton Vance Management

BOSTON, March 12, 2013 /PRNewswire/ -- Eaton Vance Enhanced Equity Income Fund (NYSE: EOI), a diversified closed-end investment company, today announced the earnings of the Fund for the three months ended December 31, 2012. The Fund's fiscal year ends on September 30, 2013.

For the three months ended December 31, 2012, the Fund had net investment income of $2,078,520 ($0.052 per common share). In comparison, for the three months ended December 31, 2011, the Fund had net investment income of $1,004,700 ($0.025 per common share).

Net realized and unrealized losses for the three months ended December 31, 2012 were $4,366,641 ($0.110 per common share). In comparison, net realized and unrealized gains for the three months ended December 31, 2011 were $40,834,433 ($1.022 per common share).

On December 31, 2012, net assets of the Fund were $486,917,334. The net asset value per common share on December 31, 2012 was $12.35 based on 39,419,649 common shares outstanding. In comparison, on December 31, 2011, net assets of the Fund were $476,674,031. The net asset value per common share on December 31, 2011 was $11.93 based on 39,970,049 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 $247.8 billion in assets as of January 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 ENHANCED EQUITY INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

December 31,

2012

2011

Gross investment income

$                       3,498

$                       2,378

Operating expenses

(1,419)

(1,373)

Net investment income

$                       2,079

$                       1,005

Net realized and unrealized gains (losses)

  on investments

$                     (4,367)

$                    40,834

Net increase (decrease) in net assets

  from operations

$                     (2,288)

$                    41,839

Earnings per Common Share Outstanding

Gross investment income

$                       0.088

$                       0.059

Operating expenses

(0.036)

(0.034)

Net investment income 

$                       0.052

$                       0.025

Net realized and unrealized gains (losses)

  on investments

$                     (0.110)

$                       1.022

Net increase (decrease) in net assets

  from operations

$                     (0.058)

$                       1.047

Net Asset Value at December 31 (Common Shares)

Net assets 

$                   486,917

$                   476,674

Shares outstanding 

39,420

39,970

Net asset value per share outstanding

$                       12.35

$                       11.93

Market Value Summary (Common Shares)

Market price on NYSE at December 31

$                       10.66

$                       10.18

High market price (period ended December 31)

$                       11.28

$                       10.59

Low market price (period ended December 31)

$                       10.16

$                         9.42

 

 

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com