Eaton Vance Municipal Bond Fund Report of Earnings

Sep 08, 2011, 15:04 ET from Eaton Vance Management

BOSTON, Sept. 8, 2011 /PRNewswire/ -- Eaton Vance Municipal Bond Fund (NYSE Amex: EIM) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and nine months ended June 30, 2011.  The Fund's fiscal year ends on September 30, 2011.

For the three months ended June 30, 2011, the Fund had net investment income of $15,202,689 ($0.223 per share).  For the nine months ended June 30, 2011, the Fund had net investment income of $44,096,714 ($0.648 per share).  In comparison, for the three months ended June 30, 2010, the Fund had net investment income of $14,877,384 ($0.219 per share).  For the nine months ended June 30, 2010, the Fund had net investment income of $45,375,885 ($0.668 per share).  

Net realized and unrealized gains for the three months ended June 30, 2011 were $65,558,993 ($0.965 per share).  Net realized and unrealized losses for the nine months ended June 30, 2011 were $91,304,208 ($1.342 per share).  In comparison, net realized and unrealized gains for the three months ended June 30, 2010 were $6,048,289 ($0.093 per share).  Net realized and unrealized losses for the nine months ended June 30, 2010 were $50,606,052 ($0.745 per share).

On June 30, 2011, net assets of the Fund were $796,752,721.  The net asset value per share on June 30, 2011 was $11.70 based on 68,097,921 shares outstanding.  In comparison, on June 30, 2010, net assets of the Fund were $843,453,342.  The net asset value per share on June 30, 2010 was $12.41 based on 67,948,069 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 calendar quarter-end are also posted to the website approximately 30 days following quarter-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 $199.0 billion in assets as of July 31, 2011, 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 MUNICIPAL BOND FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

June 30,

June 30,

2011

2010

2011

2010

Net investment income

$ 15,203

$ 14,877

$  44,097

$  45,376

Net realized and unrealized gains (losses)

 on investments

65,559

6,048

(91,304)

(50,606)

Net increase (decrease) in net assets

 from operations

$ 80,762

$ 20,925

$ (47,207)

$  (5,230)

Earnings per Share Outstanding

Net investment income

$   0.223

$   0.219

$    0.648

$    0.668

Net realized and unrealized gains (losses)

 on investments

0.965

0.093

(1.342)

(0.745)

Net increase (decrease) in net assets

 from operations

$   1.188

$   0.312

$   (0.694)

$  (0.077)

Net Asset Value at June 30

Net assets

$796,753

$843,543

Shares outstanding

68,098

67,948

Net asset value per share outstanding

$11.70

$12.41

Market Value Summary

Market price on NYSE Amex at June 30

$12.30

$13.31

High market price (period ended June 30)

$13.98

$13.75

Low market price (period ended June 30)

$11.02

$12.38

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com