Eaton Vance Municipal Income Trust Announces Earnings Results for the Third Quarter and Nine Months Ended August 31, 2012
November 12, 2012 at 05:17 pm EST
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Eaton Vance Municipal Income Trust announced earnings results for the third quarter and nine months ended August 31, 2012. For the quarter, the company reported net investment income of $5,089,000 or $0.223 per common share against $5,583,000 or $0.246 per common share for the same period a year ago. Net realized and unrealized gains on investment were $10,359,000 or $0.452 per share against $6,428,000 or $0.284 per share for the same period a year ago. Net increase in net assets from operations was $15,370,000 or $0.671 per share against $11,949,000 or $0.528 per share for the same period a year ago.
For the nine months, the company reported net investment income of $15,404,000 or $0.676 per common share against $17,370,000 or $0.766 per common share for the same period a year ago. Net realized and unrealized gains on investment were $43,798,000 or $1.922 per share against net realized and unrealized losses on investment of $7,036,000 or $0.310 per share for the same period a year ago. Net increase in net assets from operations was $58,980,000 or $2.588 per share against $10,031,000 or $0.443 per share for the same period a year ago. Net asset value per share outstanding was $12.58 against $10.77 a year ago.
Eaton Vance Municipal Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from regular federal income tax. During normal market conditions, substantially all of the Fund's total assets (at least 80%) will be invested in debt obligations issued by or on behalf of states, territories and possessions of the United States, and the District of Columbia and their political subdivisions, agencies or instrumentalities, the interest on which is exempt from regular federal income tax (municipal obligations). At least 65% of the Fund's total assets will normally be invested in municipal obligations rated at least investment grade at the time of investment, or, if unrated, determined by Eaton Vance Management (EVM) to be of at least investment grade quality. The Fund invests in various sectors, such as education, hospital, electric utilities and housing. The Fund's investment adviser is EVM.
EATON VANCE MUNICIPAL INCOME TRUST 
