Eaton Vance National Municipal Opportunities Trust Announces Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
March 12, 2012 at 03:54 pm EDT
Share
Eaton Vance National Municipal Opportunities Trust announced earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the trust had net investment income of $4,489,154 or $0.293 per common share. In comparison, for the three months ended December 31, 2010, the trust had net investment income of $4,702,561 or $0.308 per common share. Net realized and unrealized gains for the quarter were $1,647,473 or $0.104 per common share. In comparison, net realized and unrealized losses for the three months ended December 31, 2010 were $32,520,539 or $2.132 per common share. Net increase in net assets from operations was $6,136,000 or $0.397 per share compared with net decrease in net assets from operations of $27,818,000 or $1.824 per share a year ago.
For the nine months, the trust's net investment income was $13,678,344 or $0.894 per common share. In comparison, the trust's net investment income for the nine months ended December 31, 2010 was $14,144,116 or $0.926 per common share. The trust's net realized and unrealized gains for the period were $23,040,017 or $1.506 per common share. In comparison, the trust's net realized and unrealized losses for the nine months ended December 31, 2010 were $18,646,461 or $1.220 per common share. The net asset value per share on December 31, 2011 was $20.84. Net increase in net assets from operations was $36,718,000 or $2.400 per share compared with net decrease in net assets from operations of $4,502,000 or $0.294 per share 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.