Eaton Vance National Municipal Opportunities Trust Report of Earnings

Dec 03, 2012, 15:26 ET from Eaton Vance Management

BOSTON, Dec. 3, 2012 /PRNewswire/ -- Eaton Vance National Municipal Opportunities Trust (NYSE: EOT) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three and six-month periods ended September 30, 2012.  The Trust's fiscal year ends on March 31, 2013.

For the three months ended September 30, 2012, the Trust had net investment income of $4,235,093 ($0.277 per common share). The Trust's net investment income for the six months ended September 30, 2012 was $8,498,479 ($0.555 per common share). In comparison, for the three months ended September 30, 2011, the Trust had net investment income of $4,576,845 ($0.299 per common share). The Trust's net investment income for the six months ended September 30, 2011 was $9,189,190 ($0.601 per common share).

Net realized and unrealized gains for the three months ended September 30, 2012 were $10,515,788 ($0.680 per common share). The Trust's net realized and unrealized gains for the six months ended September 30, 2012 were $16,714,944 ($1.085 per common share). In comparison, net realized and unrealized gains for the three months ended September 30, 2011 were $8,359,141 ($0.550 per common share). The Trust's net realized and unrealized gains for the six months ended September 30, 2011 were $21,392,544 ($1.402 per common share).

On September 30, 2012, net assets of the Trust were $348,464,722.  The net asset value per common share on September 30, 2012 was $22.74 based on 15,322,184 common shares outstanding.  In comparison, on September 30, 2011, net assets of the Trust were $317,002,089.  The net asset value per common share on September 30, 2011 was $20.73 based on 15,294,435 common shares outstanding.

The Trust 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"). Trust portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end.

The Trust 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 $199.5 billion in assets as of October 31, 2012 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 NATIONAL MUNICIPAL OPPORTUNITIES TRUST

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Six Months Ended

September 30,

September 30,

2012

2011

2012

2011

Net investment income

$    4,235

$    4,577

$    8,498

$    9,189

Net realized and unrealized gains (losses)

  on investments

10,516

8,359

16,715

21,393

Net increase (decrease) in net assets

  from operations

$ 14,751

$ 12,936

$  25,213

$ 30,582

Earnings per Share Outstanding

Net investment income 

$    0.277

$    0.299

$    0.555

$    0.601

Net realized and unrealized gains (losses)

  on investments

0.680

0.550

1.085

1.402

Net increase (decrease) in net assets

  from operations

$    0.957

$    0.849

$    1.640

$    2.003

Net Asset Value at September 30

Net assets 

$348,465

$317,002

Shares outstanding 

15,322

15,294

Net asset value per share outstanding

$22.74

$20.73

Market Value Summary 

Market price on NYSE at September 30

$23.16

$19.74

High market price (period ended September 30)

$23.37

$19.92

Low market price (period ended September 30)

$21.28

$18.17

 

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com