Eaton Vance National Municipal Opportunities Trust Announces Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
April 16, 2014 at 03:10 pm EDT
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Eaton Vance National Municipal Opportunities Trust announced earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the fund had net investment income of $4,161,000 or $0.271 per share against $4,254,000 or $0.278 per share for the same period a year ago. Net realized and unrealized losses were $3,302,000 or $0.217 per share against $517,000 or $0.028 per share a year ago. Net increase in net assets from operations was $859,000 or $0.054 per share against $3,737,000 or $0.250 per share a year ago.
For the nine months, the fund had net investment income of $12,600,000 or $0.822 per share against $12,753,000 or $0.833 per share for the same period a year ago. Net realized and unrealized losses were $34,358,000 or $2.243 per share against net realized and unrealized gains of $16,198,000 or $1.057 per share a year ago. Net decrease in net assets from operations was $21,758,000 or $1.421 per share against net increase in net assets from operations of $28,951,000 or $1.890 per share a year ago. The net asset value per common share on December 31, 2013 was $20.52 against $22.72 a year ago.
Eaton Vance National Municipal Opportunities Trust (the Trust) is a diversified, closed-end management investment company. The Trustâs primary investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve capital appreciation. The Fund will invest at least 80% of its gross assets in debt obligations issued by or on behalf of states, territories and possessions of the United States, including the District of Columbia, and their political subdivisions, agencies or instrumentalities, the interest on which is exempt from regular federal income tax (municipal obligations). The Trust invests in various sectors, including health care, hospitals, education, electric utilities, housing, industrial development, student loans, transportation, life care, and water and sewer, escrowed and general obligations. Eaton Vance Management is the investment adviser of the Fund.