EATON VANCE MUNICIPAL BOND FUND II BOSTON, April 15, 2015 /PRNewswire/ -- Eaton Vance Municipal Bond Fund II (NYSE MKT: EIV) (the "Fund"), a 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 $1,824,827 ($0.182 per common share). From this amount, the Fund paid dividends on preferred shares of $11,695 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $1,813,132, or $0.181 per common share. In comparison, for the three months ended December 31, 2013, the Fund had net investment income of $1,916,665 ($0.191 per common share). From this amount, the Fund paid dividends on preferred shares of $13,353 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $1,903,312, or $0.190 per common share.
Net realized and unrealized gains for the three months ended December 31, 2014 were $3,128,463 ($0.312 per common share). In comparison, net realized and unrealized losses for the three months ended December 31, 2013 were $1,246,910 ($0.125 per common share).
On December 31, 2014, net assets of the Fund applicable to common shares were $139,443,146. The net asset value per common share on December 31, 2014 was $13.93 based on 10,013,381 common shares outstanding. In comparison, on December 31, 2013, net assets of the Fund applicable to common shares were $117,329,085. The net asset value per common share on December 31, 2013 was $11.72 based on 10,013,381 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 MUNICIPAL BOND FUND II
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Three Months Ended
December 31, December 31,
------------ ------------
2014 2013
---- ----
Net investment income $1,825 $1,917
Net realized and unrealized gains
(losses)
on investments 3,128 (1,247)
Preferred dividends paid from net
investment income (12) (13)
--- ---
Net increase (decrease) in net
assets
from operations $4,941 $657
Earnings per Common Share
Outstanding
-------------------------
Net investment income $0.182 $0.191
Net realized and unrealized gains
(losses)
on investments 0.312 (0.125)
Preferred dividends paid from net
investment income (0.001) (0.001)
------ ------
Net increase (decrease) in net
assets
from operations $0.493 $0.065
Net investment income $0.182 $0.191
Preferred dividends paid from net
investment income (0.001) (0.001)
------ ------
Net investment income after
preferred dividends $0.181 $0.190
====== ======
Net Asset Value at December 31
(Common Shares)
------------------------------
Net assets $139,443 $117,329
Shares outstanding 10,013 10,013
Net asset value per share
outstanding $13.93 $11.72
Market Value Summary (Common
Shares)
----------------------------
Market price on NYSE MKT at
December 31 $12.69 $11.00
High market price (period ended
December 31) $13.02 $11.20
Low market price (period ended
December 31) $12.54 $10.62
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SOURCE Eaton Vance Management
