Eaton Vance California Municipal Bond Fund Announces Earnings Results for the Three Months and Year Ended September 30, 2013
December 26, 2013 at 12:18 pm EST
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Eaton Vance California Municipal Bond Fund announced earnings results for the three months and year ended September 30, 2013. For the three months ended September 30, 2013, the Fund had net investment income of $3,841,001 or $0.176 per share against net investment income of $3,772,296 or $0.173 per share for the same period a year ago. Net realized and unrealized losses were $5,778,816 or $0.267 per share against net realized and unrealized gains of $8,493,201 or $0.391 per share a year ago.
For the year ended September 30, 2013, the Fund had net investment income of $15,192,176 or $0.698 per share against net investment income of $14,986,278 or $0.689 per share last year. Net realized and unrealized losses were $32,908,883 or $1.514 per share against net realized and unrealized gains of $27,865,224 or $1.282 per share last year. The net asset value per share on September 30, 2013 was $11.51 against $12.98 on September 30, 2012.
Eaton Vance California Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income tax. The Funds may invest in residual interest bonds, also referred to as inverse floating rate securities, whereby it may sell a variable or fixed rate bond for cash to a Special-Purpose Vehicle (the SPV), while at the same time, buying a residual interest in the assets and cash flows of the SPV. The Fund invests in debt securities issued by California municipalities. The Fund's investment portfolio includes various sectors, such as housing, education, electric utilities, escrowed/pre-refunded, general obligations, senior living/life care, hospital, housing, insured-electric utilities, insured-general obligation, insured-transportation, and water and sewer. Eaton Vance Management is the investment advisor for the Fund.