Eaton Vance Municipal Bond Fund Report of Earnings

Jun 08, 2010, 13:25 ET from Eaton Vance Management

BOSTON, June 8 /PRNewswire-FirstCall/ -- Eaton Vance Municipal Bond Fund (NYSE Amex: EIM) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and six months ended March 31, 2010.  The Fund's fiscal year ends on September 30, 2010.

For the three months ended March 31, 2010, the Fund had net investment income of $15,604,456 ($0.229 per share).  For the six months ended March 31, 2010, the Fund had net investment income of $30,498,501 ($0.449 per share).  In comparison, for the three months ended March 31, 2009, the Fund had net investment income of $14,880,688 ($0.220 per share).  For the six months ended March 31, 2009, the Fund had net investment income of $26,966,857 ($0.405 per share).  

Net realized and unrealized gains for the three months ended March 31, 2010 were $13,307,651 ($0.193 per share).  Net realized and unrealized losses for the six months ended March 31, 2010 were $56,654,341 ($0.838 per share).  In comparison, net realized and unrealized gains for the three months ended March 31, 2009 were $83,942,242 ($1.125 per share).  Net realized and unrealized losses for the six months ended March 31, 2009 were $39,417,529 ($0.735 per share).

On March 31, 2010, net assets of the Fund were $837,607,029.  The net asset value per share on March 31, 2010 was $12.33 based on 67,909,917 shares outstanding.  In comparison, on March 31, 2009, net assets of the Fund were $702,241,625.  The net asset value per share on March 31, 2009 was $10.36 based on 67,755,310 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 $176.2 billion in assets as of April 30, 2010, 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 MUNICIPAL BOND FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Six Months Ended

March 31,

March 31,

2010

2009

2010

2009

Net investment income

$ 15,604

$ 14,881

$  30,498

$  26,967

Net realized and unrealized gains (losses)

 on investments

13,308

83,942

(56,654)

(39,418)

Net increase (decrease) in net assets

 from operations

$ 28,912

$ 98,823

$ (26,156)

$ (12,451)

Earnings per Share Outstanding

Net investment income

$   0.229

$   0.220

$    0.449

$    0.405

Net realized and unrealized gains (losses)

 on investments

0.193

1.125

(0.838)

(0.735)

Net increase (decrease) in net assets

 from operations

$   0.422

$   1.345

$   (0.389)

$   (0.330)

Net Asset Value at March 31

Net assets

$837,607

$702,242

Shares outstanding

67,910

67,755(1)

Net asset value per share outstanding

$12.33

$10.36

Market Value Summary

Market price on NYSE Amex at March 31

$12.93

$10.80

High market price (period ended March 31)

$13.75

$11.22

Low market price (period ended March 31)

$12.38

$6.95

(1) On December 15, 2008, the Fund acquired the net assets of Eaton Vance Insured Florida Plus Municipal Bond Fund.

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com