Eaton Vance New York Mun... (AMEX:ENX)
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BOSTON, Oct. 28 /PRNewswire-FirstCall/ -- Eaton Vance Management announced that quarterly fund data as of September 30, 2009, including performance, call schedule for issues held, top-ten holdings, and sector weightings, is available for the Eaton Vance closed-end funds. The information is available on Eaton Vance's website at http://www.eatonvance.com/ on the fund information pages under "Individual Investors - Closed-End Funds."
Eaton Vance Management today also disclosed the following data for the Eaton Vance closed-end municipal bond funds (referred to below as the "Municipal Funds"):
Earnings per Common Share - The average monthly net investment income per common share (after payment of preferred dividends) for the three months ended September 30, 2009;
Dividend per Common Share - The monthly dividend per common share paid in September 2009;
Undistributed Net Investment Income (UNII) per Common Share - The average balance at month end of undistributed net investment income per common share (net of pending distributions) for the three months ended September 30, 2009; and
Leverage - The ratio of outstanding auction rate preferred shares (a source of the Municipal Funds' financial leverage) ("APS") to total assets as of September 30, 2009.(1)
Earnings and UNII will fluctuate over time due to fund activity and /or market factors.
For more information about a Fund, please see the Funds' annual and semi annual shareholder reports or contact your financial adviser In addition, certain month-end fund performance data, including total returns, are posted to the website shortly after the end of each calendar month for the most recent month-end. Calendar quarter-end portfolio holdings for the most recent calendar quarter-end are also posted to the website approximately 30 days following the end of the applicable quarter. Those interested should call Eaton Vance at (800) 262-1122.
The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE:EV), one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $157.0 billion in assets as of September 30, 2009, offering individuals and institutions a broad array of investment products 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 http://www.eatonvance.com/.
(1) The leverage percentage quoted refers only to the ratio involving a Municipal Fund's APS outstanding on September 30, 2009. During 2008, three of the Municipal Funds redeemed their APS in full while many other have redeemed their APS in part. Replacement financing for these Municipal Funds has been provided by the creation of Tender Option Bond trusts.
Closed-End Fund Earnings Data September 30, 2009
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Earnings and UNII are 3 month averages unless indicated
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Fund 3 Month Avg. September 3 Month Avg.
Earnings/ Dividend/ UNII/
Ticker Share Share Share Leverage*
Eaton Vance
Municipal
Income Trust EVN $0.08010 $0.07583 $0.06870 31.20%
Eaton Vance
Insured Municipal
Bond Fund EIM $0.07560 $0.07467 $0.13100 +
Eaton Vance Insured
Municipal Bond
Fund II EIV $0.08020 $0.07687 $0.15180 25.90%
Eaton Vance National
Municipal
Opportunities
Trust EOT $0.10110 $0.10333 $0.05520 +
Eaton Vance
California
Municipal Income
Trust CEV $0.07570 $0.07217 $0.06990 34.10%
Eaton Vance Insured
California Municipal
Bond Fund EVM $0.07210 $0.06992 $0.11180 +
Eaton Vance Insured
California Municipal
Bond Fund II EIA $0.07090 $0.07092 $0.08910 33.90%
Eaton Vance
Massachusetts
Municipal Income
Trust MMV $0.07360 $0.07550 $0.11470 33.60%
Eaton Vance Insured
Massachusetts
Municipal
Bond Fund MAB $0.06770 $0.06916 $0.06760 34.50%
Eaton Vance Michigan
Municipal Income
Trust EMI $0.07150 $0.07158 $0.09300 37.30%
Eaton Vance Insured
Michigan Municipal
Bond Fund MIW $0.07190 $0.07199 $0.09530 37.40%
Eaton Vance New
Jersey Municipal
Income Trust EVJ $0.07830 $0.07900 $0.11420 33.30%
Eaton Vance Insured
New Jersey Municipal
Bond Fund EMJ $0.07520 $0.07542 $0.10940 34.20%
Eaton Vance New York
Municipal Income
Trust EVY $0.07700 $0.07334 $0.05690 31.10%
Eaton Vance Insured
New York Municipal
Bond Fund ENX $0.07050 $0.06692 $0.06500 +
Eaton Vance Insured
New York Municipal
Bond Fund II NYH $0.07120 $0.07267 $0.14350 27.50%
Eaton Vance Ohio
Municipal
Income Trust EVO $0.07370 $0.07425 $0.11130 36.10%
Eaton Vance Insured
Ohio Municipal
Bond Fund EIO $0.06660 $0.06183 $0.05900 34.20%
Eaton Vance
Pennsylvania
Municipal Income
Trust EVP $0.07090 $0.07225 $0.09040 35.30%
Eaton Vance Insured
Pennsylvania
Municipal
Bond Fund EIP $0.06990 $0.06900 $0.14160 34.70%
*Based on total assets. Leverage achieved through the issuance of APS. Use of financial leverage creates an opportunity for increased income, but at the same time creates special risks (including the likelihood of greater volatility of net asset value and market prices of common shares). Please see note above entitled "Leverage" for further information on these percentages.
+ Beginning in May 2008 through August 2008, the Fund redeemed in full its APS.
Each Municipal Income Trust paid a monthly dividend on September 17, 2009 to shareholders of record on September 10, 2009. Each Insured Municipal Bond Fund paid a monthly dividend on September 30, 2009 to shareholders of record on September 23, 2009. As portfolio and market conditions change, the rate of future distributions may change.
DATASOURCE: Eaton Vance Management
CONTACT: Investors, Eaton Vance Management, +1-800-262-1122
Web Site: http://www.eatonvance.com/