Eaton Vance New York Municipal Bond Fund Report Of Earnings

Dec 26, 2013, 12:35 ET from Eaton Vance Management

BOSTON, Dec. 26, 2013 /PRNewswire/ -- Eaton Vance New York Municipal Bond Fund (NYSE MKT: ENX) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months and year ended September 30, 2013.  The Fund's fiscal year ended on September 30, 2013.

For the three months ended September 30, 2013, the Fund had net investment income of $2,939,954 ($0.185 per share).  For the year ended September 30, 2013, the Fund had net investment income of $11,688,802 ($0.735 per share).  In comparison, for the three months ended September 30, 2012, the Fund had net investment income of $2,859,856 ($0.180 per share).  For the year ended September 30, 2012, the Fund had net investment income of $11,564,459 ($0.728 per share).

Net realized and unrealized losses for the three months ended September 30, 2013 were $5,501,560 ($0.343 per share).  Net realized and unrealized losses for the year ended September 30, 2013 were $28,133,457 ($1.767 per share).  In comparison, net realized and unrealized gains for the three months ended September 30, 2012 were $7,870,931 ($0.497 per share).  Net realized and unrealized gains for the year ended September 30, 2012 were $20,753,356 ($1.308 per share).

On September 30, 2013, net assets of the Fund were $202,452,469. The net asset value per share on September 30, 2013 was $12.74 based on 15,896,585 shares outstanding. In comparison, on September 30, 2012, net assets of the Fund were $229,792,487. The net asset value per share on September 30, 2012 was $14.46 based on 15,893,773 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 $280.7 billion in assets as of October 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 NEW YORK MUNICIPAL BOND FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Year Ended

September 30,

September 30,

2013

2012

2013

2012

Net investment income

$     2,940

$     2,860

$   11,689

$   11,565

Net realized and unrealized gains (losses)

  on investments

(5,502)

7,871

(28,134)

20,753

Net increase (decrease) in net assets

  from operations

$   (2,562)

$   10,731

$ (16,445)

$   32,318

Earnings per Share Outstanding

Net investment income 

$     0.185

$     0.180

$     0.735

$     0.728

Net realized and unrealized gains (losses)

  on investments

(0.343)

0.497

(1.767)

1.308

Net increase (decrease) in net assets

  from operations

$   (0.158)

$     0.677

$   (1.032)

$     2.036

Net Asset Value at September 30 

Net assets

$202,452

$229,792

Shares outstanding

15,897

15,894

Net asset value per share outstanding

$     12.74

$     14.46

Market Value Summary 

Market price on NYSE MKT at September 30

$     11.54

$     14.66

High market price (period ended September 30)

$     15.04

$     15.40

Low market price (period ended September 30)

$     10.89

$     13.11

 

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com