PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Banking & Financial Services  | Mutual Funds  | Earnings

Eaton Vance Tax-Advantaged Dividend Income Fund Report Of Earnings

Share with Twitter Share with LinkedIn

BOSTON, May 16, 2013 /PRNewswire/ -- Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months and the six months ended February 28, 2013. The Fund's fiscal year ends on August 31, 2013.

For the three months ended February 28, 2013, the Fund had net investment income of $21,761,862 ($0.299 per share). For the six months ended February 28, 2013, the Fund had net investment income of $39,384,831 ($0.541 per share).  In comparison, for the three months ended February 29, 2012, the Fund had net investment income of $17,818,989 ($0.245 per share). For the six months ended February 29, 2012, the Fund had net investment income of $32,309,069 ($0.444 per share). 

Net realized and unrealized gains for the three months ended February 28, 2013 were $76,938,933 ($1.054 per share) and net realized and unrealized gains for the six months ended February 28, 2013 were $90,747,312 ($1.244 per share). In comparison, net realized and unrealized gains for the three months ended February 29, 2012 were $116,953,293 ($1.610 per share) and net realized and unrealized gains for the six months ended February 29, 2012 were $116,322,636 ($1.601 per share).

On February 28, 2013, net assets of the Fund were $1,415,779,840. The net asset value per share on February 28, 2013 was $19.44 based on 72,835,900 shares outstanding. In comparison, on February 29, 2012, net assets of the Fund were $1,323,839,579. The net asset value per share on February 29, 2012 was $18.18 based on 72,835,900 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 $260.3 billion in assets as of April 30, 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 TAX-ADVANTAGED  DIVIDEND INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)






















Three Months Ended


Six Months Ended









February 28,


February 29,


February 28,


February 29,









2013


2012


2013


2012



Gross investment income




$          27,034


$          23,186


$          49,998


$          42,655



Operating expenses





(4,138)


(3,869)


(8,208)


(7,494)



Interest expense





(1,134)


(1,498)


(2,405)


(2,852)




Net investment income



$          21,762


$          17,819


$          39,385


$          32,309



Net realized and unrealized gains (losses)











  on investments





$          76,939


$        116,954


$          90,747


$        116,323




Net increase (decrease) in net assets











  from operations




$          98,701


$        134,773


$        130,132


$        148,632


















Earnings per Share Outstanding












Gross investment income




$            0.371


$            0.318


$            0.686


$            0.586



Operating expenses





(0.056)


(0.053)


(0.112)


(0.103)



Interest expense





(0.016)


(0.020)


(0.033)


(0.039)




Net investment income 



$            0.299


$            0.245


$            0.541


$            0.444



Net realized and unrealized gains (losses)











  on investments





$            1.054


$            1.610


$            1.244


$            1.601




Net increase (decrease) in net assets











  from operations




$            1.353


$            1.855


$            1.785


$            2.045

































Net Asset Value at February 28/29













Net assets  








$    1,415,780


$    1,323,840




Shares outstanding 







72,836


72,836




Net asset value per share outstanding





$            19.44


$            18.18


















Market Value Summary 














Market price on NYSE at February 28/29





$            18.40


$            16.36




High market price (period ended February 28/29)




$            18.46


$            16.50




Low market price (period ended February 28/29)




$            15.96


$            13.19



 

 

 

SOURCE Eaton Vance Management



RELATED LINKS
http://www.eatonvance.com/

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release