Eaton Vance Tax-Advantaged Dividend Income Fund Report Of Earnings

Feb 21, 2014, 11:22 ET from Eaton Vance Management

BOSTON, Feb. 21, 2014 /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 ended November 30, 2013. The Fund's fiscal year ends on August 31, 2014.

For the three months ended November 30, 2013, the Fund had net investment income of $13,130,356 ($0.180 per share). In comparison, for the three months ended November 30, 2012, the Fund had net investment income of $17,622,969 ($0.242 per share).

Net realized and unrealized gains for the three months ended November 30, 2013 were $121,800,037 ($1.672 per share). In comparison, net realized and unrealized gains for the three months ended November 30, 2012 were $13,808,379 ($0.190 per share).

On November 30, 2013, net assets of the Fund were $1,531,455,830. The net asset value per share on November 30, 2013 was $21.03 based on 72,835,900 shares outstanding. In comparison, on November 30, 2012, net assets of the Fund were $1,340,568,622. The net asset value per share on November 30, 2012 was $18.41 based on 72,835,899 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 $278.6 billion in assets as of January 31, 2014, 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

November 30,

2013

2012

Gross investment income

$       18,355

$       22,964

Operating expenses

(4,351)

(4,070)

Interest expense

(874)

(1,271)

Net investment income

$       13,130

$       17,623

Net realized and unrealized gains (losses)

  on investments

$     121,800

$       13,808

Net increase (decrease) in net assets

  from operations

$     134,930

$       31,431

Earnings per Common Share Outstanding

Gross investment income

$          0.252

$         0.315

Operating expenses

(0.060)

(0.056)

Interest expense

(0.012)

(0.017)

Net investment income

$          0.180

$         0.242

Net realized and unrealized gains (losses)

  on investments

$          1.672

$         0.190

Net increase (decrease) in net assets

  from operations

$          1.852

$         0.432

Net investment income

$          0.180

$         0.242

Net Asset Value at November 30 (Common Shares)

Net assets (000)

$  1,531,456

$ 1,340,569

Shares outstanding (000)

72,836

72,836

Net asset value per share outstanding

$          21.03

$         18.41

Market Value Summary (Common Shares)

Market price on NYSE at November 30

$          18.72

$         16.90

High market price (period ended November 30)

$          18.77

$         17.63

Low market price (period ended November 30)

$          17.59

$         15.96

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com