EATON VANCE MUNICIPAL BOND FUND BOSTON, Jan. 14, 2015 /PRNewswire/ -- Eaton Vance Municipal Bond Fund (NYSE MKT: EIM) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months and year ended September 30, 2014. The Fund's fiscal year ended on September 30, 2014.
For the three months ended September 30, 2014, the Fund had net investment income of $13,266,088 ($0.195 per share). For the year ended September 30, 2014, the Fund had net investment income of $53,349,688 ($0.783 per share). In comparison, for the three months ended September 30, 2013, the Fund had net investment income of $13,224,060 ($0.194 per share). For the year ended September 30, 2013, the Fund had net investment income of $52,345,090 ($0.768 per share).
Net realized and unrealized gains for the three months ended September 30, 2014 were $25,051,677 ($0.367 per share). Net realized and unrealized gains for the year ended September 30, 2014 were $111,940,194 ($1.633 per share). In comparison, net realized and unrealized losses for the three months ended September 30, 2013 were $21,494,825 ($0.314 per share). Net realized and unrealized losses for the year ended September 30, 2013 were $123,567,329 ($1.812 per share).
On September 30, 2014, net assets of the Fund were $950,518,766. The net asset value per share on September 30, 2014 was $13.94 based on 68,168,250 shares outstanding. In comparison, on September 30, 2013, net assets of the Fund were $837,447,127. The net asset value per share on September 30, 2013 was $12.29 based on 68,168,250 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 $296.0 billion in assets as of December 31, 2014, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation 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
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Year Ended
September 30, September 30,
------------- -------------
2014 2013 2014 2013
---- ---- ---- ----
Net investment income $13,266 $13,224 $53,350 $52,345
25,052 (21,495) 111,940 (123,567)
Net realized and unrealized gains
(losses) on investments
$38,318 $(8,271) $165,290 $(71,222)
Net increase (decrease) in net
assets from operations
===
Earnings per Share Outstanding
------------------------------
Net investment income $0.195 $0.194 $0.783 $0.768
0.367 (0.314) 1.633 (1.812)
Net realized and unrealized gains
(losses) on investments
$0.562 $(0.120) $2.416 $(1.044)
Net increase (decrease) in net
assets from operations
============================
Net Asset Value at September 30
-------------------------------
Net assets $950,519 $837,447
Shares outstanding 68,168 68,168
Net asset value per share
outstanding $13.94 $12.29
Market Value Summary
--------------------
Market price on NYSE MKT at
September 30 $12.52 $11.56
High market price (period
ended September 30) $12.73 $15.04
Low market price (period ended
September 30) $10.81 $10.71
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SOURCE Eaton Vance Management
