Eaton Vance California Municipal Bond Fund Announces Earnings for the Third Quarter and Nine Months Ended June 30, 2013
October 02, 2013 at 02:55 pm EDT
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Eaton Vance California Municipal Bond Fund announced earnings for the third quarter and nine months ended June 30, 2013. For the quarter, the fund had net investment income of $3,811,345 or $0.175 per share. In comparison, for the three months ended June 30, 2012, the fund had net investment income of $3,599,066 or $0.166 per share. Net realized and unrealized losses for the three months ended June 30, 2013 were $25,430,597 or $1.167 per share. In comparison, net realized and unrealized gains for the three months ended June 30, 2012 were $4,244,505 $0.194 per share.
For the nine months, the fund had net investment income of $11,351,175 or $0.522 per share. In comparison, for the nine months ended June 30, 2012, the fund had net investment income of $11,213,982 or $0.516 per share. In comparison, net realized and unrealized gains for the nine months ended June 30, 2012 were $19,372,023 or $0.891 per share.
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.
EATON VANCE CALIFORNIA MUNICIPAL BOND FUND 
