Eaton Vance Tax Advantag... (NYSE:EVT)
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Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:
EVT), a closed-end management investment company, today announced the
earnings of the Fund for the three months ended November 30, 2005. The
Fund's fiscal year ends on August 31, 2006.
For the three months ended November 30, 2005, the Fund had net
investment income of $26,917,326 ($0.370 per common share). From this
amount, the Fund paid dividends on preferred shares of $6,294,614
(equal to $0.086 for each common share), resulting in net investment
income after the preferred dividends of $20,622,712 or $0.284 per
common share. In comparison, for the three months ended November 30,
2004, the Fund had net investment income of $26,179,142 ($0.359 per
common share). From this amount, the Fund paid dividends on preferred
shares of $3,007,101 (equal to $0.041 for each common share),
resulting in net investment income after the preferred dividends of
$23,172,041 or $0.318 per common share.
Net realized and unrealized losses for the three months ended
November 30, 2005 were $25,767,467 ($.354 per common share) In
comparison, net realized and unrealized gains for the three months
ended November 30, 2004 were $131,336,940 ($1.803 per common share).
On November 30, 2005, net assets applicable to common shares of
the Fund were $1,779,073,217. The net asset value per common share on
November 30, 2005 was $24.43 based on 72,835,900 common shares
outstanding. In comparison, on November 30, 2004, net assets of the
Fund were $1,669,993,375. The net asset value per common share on
November 30, 2004 was $22.93 based on 72,835,900 common shares
outstanding.
The Fund is managed by Eaton Vance Management, a subsidiary of
Eaton Vance Corp., which is listed on the New York Stock Exchange
under the symbol EV. Eaton Vance and its affiliates had approximately
$112 billion in assets under management as of December 31, 2005. Eaton
Vance Management will make available periodic summary information
regarding portfolio investments. Those interested should call Eaton
Vance Marketing at (617) 482-8260.
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EATON VANCE TAX-ADVANTAGED DIVIDEND INCOME FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Three Months
Ended Ended
November 30, November 30,
------------- ------------
2005 2004
------------- ------------
Gross investment income $31,535 $30,594
Operating expenses 4,618 4,415
------------- ------------
Net investment income $26,917 $26,179
Net realized and unrealized gains (losses)
on investments ($25,767) $131,337
Preferred dividends paid (6,295) (3,007)
------------- ------------
Net increase (decrease) in net assets
from operations ($5,145) $154,509
============= ============
Earnings per Common Share Outstanding
------------------------------------------
Gross investment income $0.433 $0.420
Operating expenses 0.063 0.061
------------- ------------
Net investment income $0.370 $0.359
Net realized and unrealized gains (losses)
on investments ($0.354) $1.803
Preferred dividends paid (0.086) (0.041)
------------- ------------
Net increase (decrease) in net assets
from operations $0.070 $2.121
============= ============
Net investment income $0.370 $0.359
Preferred dividends paid (0.086) (0.041)
------------- ------------
Net investment income after preferred
dividends $0.284 $0.318
============= ============
Net Asset Value at November 30 (Common
Shares)
-------------------------------------------
Net assets (000) $1,779,073 $1,669,993
Shares outstanding (000) 72,836 72,836
Net asset value per share outstanding $24.43 $22.93
Market Value Summary (Common Shares)
------------------------------------------
Market price on NYSE at November 30 $21.89 $20.49
High market price (three months ended
November 30) $22.35 $20.63
Low market price (three months ended
November 30) $20.56 $19.20
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