Eaton Vance California Municipal Bond Fund Report of Earnings

Mar 04, 2011, 13:59 ET from Eaton Vance Management

BOSTON, March 4, 2011 /PRNewswire/ -- Eaton Vance California Municipal Bond Fund (NYSE Amex: EVM) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months ended December 31, 2010. The Fund's fiscal year ends on September 30, 2011.

For the three months ended December 31, 2010, the Fund had net investment income of $4,431,544 ($0.204 per share). In comparison, for the three months ended December 31, 2009, the Fund had net investment income of $4,686,957 ($0.216 per share).

Net realized and unrealized losses for the three months ended December 31, 2010 were $38,814,543 ($1.787 per share). In comparison, net realized and unrealized losses for the three months ended December 31, 2009 were $24,513,356 ($1.130 per share).

On December 31, 2010, net assets of the Fund were $234,979,328. The net asset value per share on December 31, 2010 was $10.82 based on 21,722,821 shares outstanding. In comparison, on December 31, 2009, net assets of the Fund were $256,443,613. The net asset value per share on December 31, 2009 was $11.82 based on 21,694,829 shares outstanding.

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 $191.7 billion in assets as of January 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 CALIFORNIA MUNICIPAL BOND FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

December 31,

2010

2009

Net investment income

$              4,432

$              4,687

Net realized and unrealized gains (losses)

 on investments

            (38,815)

            (24,513)

Net increase (decrease) in net assets

 from operations

$          (34,383)

$          (19,826)

Earnings per Share Outstanding

Net investment income

$              0.204

$              0.216

Net realized and unrealized gains (losses)

 on investments

              (1.787)

              (1.130)

Net increase (decrease) in net assets

 from operations

$            (1.583)

$            (0.914)

Net Asset Value at December 31

Net assets

$          234,979

$          256,444

Shares outstanding

              21,723

              21,695

Net asset value per share outstanding

$              10.82

$              11.82

Market Value Summary

Market price on NYSE Amex at December 31

$              11.25

$              11.43

High market price (period ended December 31)

$              13.21

$              13.12

Low market price (period ended December 31)

$              10.58

$              11.18

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com