Eaton Vance Tax-Advantaged Bond and Option Strategies Fund Report of Earnings

Dec 30, 2010, 11:36 ET from Eaton Vance Management

BOSTON, Dec. 30, 2010 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Advantaged Bond and Option Strategies Fund (NYSE: EXD) (the "Fund"), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months ended September 30, 2010 and for the period from the start of business, June 29, 2010, to September 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended September 30, 2010, the Fund had net investment income of $35,805 ($0.003 per common share).  For the period from the start of business, June 29, 2010, to September 30, 2010, the Fund had net investment income of $21,824 ($0.002 per common share).  

Net realized and unrealized gains for the three months ended September 30, 2010 were $753,290 ($0.076 per common share).  Net realized and unrealized gains for the period from the start of business, June 29, 2010, to September 30, 2010 were $1,173,933 ($0.117 per common share).  

On September 30, 2010, net assets of the Fund were $197,896,206.  The net asset value per share on September 30, 2010 was $18.75 based on 10,554,000 common 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 $185.2 billion in assets as of October 31, 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 TAX-ADVANTAGED BOND AND OPTION STRATEGIES FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Period Ended

September 30,

September 30,*

2010

2010

Net investment income

$      36

$                    22

Net realized and unrealized gains (losses)

 on investments

753

1,174

Net increase (decrease) in net assets

 from operations

$    789

$               1,196

Earnings per Share Outstanding

Net investment income

$ 0.003

$               0.002

Net realized and unrealized gains (losses)

 on investments

0.076

0.117

Net increase (decrease) in net assets

 from operations

$ 0.079

$               0.119

Net Asset Value at September 30

Net assets

$           197,896

Shares outstanding

10,554

Net asset value per share outstanding

$               18.75

Market Value Summary

Market price on NYSE at September 30

$               19.70

High market price (period ended September 30)

$               20.80

Low market price (period ended September 30)

$               19.49

* For the period from the start of business, June 29, 2010 to September 30, 2010.

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com