
Eaton Vance National Municipal Opportunities Trust Report Of Earnings
BOSTON, April 16, 2014 /PRNewswire/ -- Eaton Vance National Municipal Opportunities Trust (NYSE: EOT) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three and nine-month periods ended December 31, 2013. The Trust's fiscal year ends on March 31, 2014.
For the three months ended December 31, 2013, the Trust had net investment income of $4,160,726 ($0.271 per common share). The Trust's net investment income for the nine months ended December 31, 2013 was $12,600,315 ($0.822 per common share). In comparison, for the three months ended December 31, 2012, the Trust had net investment income of $4,254,237 ($0.278 per common share). The Trust's net investment income for the nine months ended December 31, 2012 was $12,752,716 ($0.833 per common share).
Net realized and unrealized losses for the three months ended December 31, 2013 were $3,301,867 ($0.217 per common share). The Trust's net realized and unrealized losses for the nine months ended December 31, 2013 were $34,357,704 ($2.243 per common share). In comparison, net realized and unrealized losses for the three months ended December 31, 2012 were $516,797 ($0.028 per common share). The Trust's net realized and unrealized gains for the nine months ended December 31, 2012 were $16,198,147 ($1.057 per common share).
On December 31, 2013, net assets of the Trust were $312,656,829. The net asset value per share on December 31, 2013 was $20.52 based on 15,238,333 shares outstanding. In comparison, on December 31, 2012, net assets of the Trust were $348,195,340. The net asset value per share on December 31, 2012 was $22.72 based on 15,326,191 shares outstanding.
The Trust 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"). Trust portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end.
The Trust 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 $285.4 billion in assets as of March 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 NATIONAL MUNICIPAL OPPORTUNITIES TRUST |
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| SUMMARY OF RESULTS OF OPERATIONS |
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| (in thousands, except per share amounts) |
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| Three Months Ended |
Nine Months Ended |
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| December 31, |
December 31, |
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| 2013 |
2012 |
2013 |
2012 |
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| Net investment income |
$ 4,161 |
$ 4,254 |
$ 12,600 |
$ 12,753 |
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| Net realized and unrealized gains (losses) |
||||||||
| on investments |
(3,302) |
(517) |
(34,358) |
16,198 |
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| Net increase (decrease) in net assets |
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| from operations |
$ 859 |
$ 3,737 |
$(21,758) |
$ 28,951 |
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| Earnings per Share Outstanding |
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| Net investment income |
$ 0.271 |
$ 0.278 |
$ 0.822 |
$ 0.833 |
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| Net realized and unrealized gains (losses) |
||||||||
| on investments |
(0.217) |
(0.028) |
(2.243) |
1.057 |
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| Net increase (decrease) in net assets |
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| from operations |
$ 0.054 |
$ 0.250 |
$ (1.421) |
$ 1.890 |
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| Net Asset Value at December 31 |
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| Net assets |
$312,657 |
$348,195 |
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| Shares outstanding |
15,238 |
15,326 |
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| Net asset value per share outstanding |
$20.52 |
$22.72 |
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| Market Value Summary |
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| Market price on NYSE at December 31 |
$18.46 |
$23.82 |
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| High market price (period ended December 31) |
$22.46 |
$24.92 |
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| Low market price (period ended December 31) |
$17.73 |
$21.28 |
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SOURCE Eaton Vance Management
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