Eaton Vance New York Municipal Bond Fund Report of Earnings

Jun 08, 2010, 13:15 ET from Eaton Vance Management

BOSTON, June 8 /PRNewswire-FirstCall/ -- Eaton Vance New York Municipal Bond Fund (NYSE Amex: ENX) (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 $3,300,577 ($0.209 per share).  For the six months ended March 31, 2010, the Fund had net investment income of $6,591,400 ($0.417 per share).  In comparison, for the three months ended March 31, 2009, the Fund had net investment income of $3,150,494 ($0.200 per share).  For the six months ended March 31, 2009, the Fund had net investment income of $5,989,132 ($0.380 per share).  

Net realized and unrealized gains for the three months ended March 31, 2010 were $807,187 ($0.051 per share).  Net realized and unrealized losses for the six months ended March 31, 2010 were $8,872,353 ($0.561 per share).  In comparison, net realized and unrealized gains for the three months ended March 31, 2009 were $17,577,055 ($1.117 per share).  Net realized and unrealized losses for the six months ended March 31, 2009 were $5,801,186 ($0.367 per share).

On March 31, 2010, net assets of the Fund were $206,909,992.  The net asset value per share on March 31, 2010 was $13.09 based on 15,811,399 shares outstanding.  In comparison, on March 31, 2009, net assets of the Fund were $178,393,749.  The net asset value per share on March 31, 2009 was $11.31 based on 15,768,379 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 NEW YORK 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

$ 3,301

$   3,150

$     6,591

$     5,989

Net realized and unrealized gains (losses)

 on investments

807

17,577

(8,872)

(5,801)

Net increase (decrease) in net assets

 from operations

$ 4,108

$ 20,727

$   (2,281)

$        188

Earnings per Share Outstanding

Net investment income

$ 0.209

$   0.200

$     0.417

$     0.380

Net realized and unrealized gains (losses)

 on investments

0.051

1.117

(0.561)

(0.367)

Net increase (decrease) in net assets

 from operations

$ 0.260

$   1.317

$   (0.144)

$     0.013

Net Asset Value at March 31

Net assets

$ 206,910

$ 178,394

Shares outstanding

15,811

15,768

Net asset value per share outstanding

$     13.09

$     11.31

Market Value Summary

Market price on NYSE Amex at March 31

$     13.67

$     11.12

High market price (period ended March 31)

$     14.70

$     13.70

Low market price (period ended March 31)

$     12.93

$       7.21

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com