EATON VANCE NATIONAL MUNICIPAL OPPORTUNITIES TRUST BOSTON, July 10, 2014 /PRNewswire/ -- Eaton Vance National Municipal Opportunities Trust (NYSE: EOT) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three months and year ended March 31, 2014. The Trust's fiscal year ended on March 31, 2014.
For the three months ended March 31, 2014, the Trust had net investment income of $4,170,377 ($0.274 per common share). The Trust's net investment income for the year ended March 31, 2014 was $16,770,692 ($1.096 per common share). In comparison, for the three months ended March 31, 2013, the Trust had net investment income of $4,195,103 ($0.273 per common share). The Trust's net investment income for the year ended March 31, 2013 was $16,947,819 ($1.106 per common share).
Net realized and unrealized gains for the three months ended March 31, 2014 were $14,819,291 ($0.973 per common share). The Trust's net realized and unrealized losses for the year ended March 31, 2014 were $19,538,413 ($1.270 per common share). In comparison, net realized and unrealized losses for the three months ended March 31, 2013 were $452,302 ($0.028 per common share). The Trust's net realized and unrealized gains for the year ended March 31, 2013 were $15,745,845 ($1.029 per common share).
On March 31, 2014, net assets of the Trust were $327,722,595. The net asset value per share on March 31, 2014 was $21.51 based on 15,238,333 shares outstanding. In comparison, on March 31, 2013, net assets of the Trust were $347,886,506. The net asset value per share on March 31, 2013 was $22.70 based on 15,328,333 shares outstanding.
The Trust 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"). Trust portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end.
The Trust 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 $285.9 billion in assets as of April 30, 2014 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 NATIONAL MUNICIPAL OPPORTUNITIES TRUST
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Year Ended
March 31, March 31,
--------- ---------
2014 2013 2014 2013
---- ---- ---- ----
Net investment income $4,170 $4,195 $16,771 $16,948
Net realized and unrealized gains (losses)
on investments 14,819 (452) (19,538) 15,746
------ ---- ------- ------
Net increase (decrease) in net
assets
from operations $18,989 $3,743 $(2,767) $32,694
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Earnings per Share Outstanding
------------------------------
Net investment income $0.274 $0.273 $1.096 $1.106
Net realized and unrealized gains (losses)
on investments 0.973 (0.028) (1.270) 1.029
----- ------ ------ -----
Net increase (decrease) in net
assets
from operations $1.247 $0.245 $(0.174) $2.135
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Net Asset Value at March 31
---------------------------
Net assets $327,723 $347,887
Shares outstanding 15,238 15,328
Net asset value per share
outstanding $21.51 $22.70
Market Value Summary
--------------------
Market price on NYSE at March
31 $19.39 $22.25
High market price (period
ended March 31) $22.46 $24.92
Low market price (period ended
March 31) $17.73 $21.24
SOURCE Eaton Vance Management
