EATON VANCE ENHANCED EQUITY INCOME FUND BOSTON, April 17, 2015 /PRNewswire/ -- Eaton Vance Enhanced Equity Income Fund (NYSE: EOI), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months ended December 31, 2014. The Fund's fiscal year ends on September 30, 2015.
For the three months ended December 31, 2014, the Fund had net investment income of $773,914 ($0.020 per common share). In comparison, for the three months ended December 31, 2013, the Fund had net investment income of $956,080 ($0.024 per common share).
Net realized and unrealized gains for the three months ended December 31, 2014 were $14,468,907 ($0.369 per common share). In comparison, net realized and unrealized gains for the three months ended December 31, 2013 were $52,103,662 ($1.330 per common share).
On December 31, 2014, net assets of the Fund were $576,950,620. The net asset value per common share on December 31, 2014 was $14.73 based on 39,173,049 common shares outstanding. In comparison, on December 31, 2013, net assets of the Fund were $567,243,098. The net asset value per common share on December 31, 2013 was $14.48 based on 39,173,049 common shares outstanding.
The Fund 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"). Fund portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end.
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 $303.4 billion in assets as of March 31, 2015, 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 ENHANCED EQUITY INCOME FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended
December 31,
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2014 2013
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Gross investment income $2,376 $2,519
Operating expenses (1,602) (1,563)
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Net investment income (loss) $774 $956
Net realized and unrealized gains (losses)
on investments $14,469 $52,104
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Net increase (decrease) in net assets
from operations $15,243 $53,060
Earnings per Common Share Outstanding
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Gross investment income $0.061 $0.064
Operating expenses (0.041) (0.040)
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Net investment income (loss) $0.020 $0.024
Net realized and unrealized gains (losses)
on investments $0.369 $1.330
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Net increase (decrease) in net assets
from operations $0.389 $1.354
Net Asset Value at December 31 (Common Shares)
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Net assets $576,951 $567,243
Shares outstanding 39,173 39,173
Net asset value per share outstanding $14.73 $14.48
Market Value Summary (Common Shares)
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Market price on NYSE at December 31 $13.79 $13.00
High market price (period ended December
31) $14.14 $13.12
Low market price (period ended December
31) $12.42 $11.93
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SOURCE Eaton Vance Management
