Eaton Vance National Municipal Opportunities Trust reported earnings results for the fourth quarter and year ended March 31, 2012. For the quarter, the company reported net investment income of $4,274,000 or $0.280 per share compared to $5,319,000 or $0.347 per share a year ago. Net realized and unrealized gains on investment were $12,232,000 or $0.803 per share compared to net realized and unrealized loss on investment of $9,141,000 or $0.598 per share a year ago. Net increase in net assets from operations was $16,506,000 or $1.083 per share compared to net decrease in net assets from operations of $3,822,000 or $0.251 per share a year ago. For the year, the company reported net investment income of $17,953,000 or $1.174 per share compared to $19,463,000 or $1.273 per share a year ago. Net realized and unrealized gains on investment were $35,272,000 or $2.309 per share compared to net realized and unrealized loss on investment of $27,788,000 or $1.818 per share a year ago. Net increase in net assets from operations was $53,225,000 or $3.483 per share compared to net decrease in net assets from operations of $8,325,000 or $0.545 per share a year ago. On March 31, 2012, net assets of the Trust were $331,234,023. The net asset value per share on March 31, 2012 was $21.64 based on 15,309,251 shares outstanding. In comparison, on March 31, 2011, net assets of the Trust were $295,495,094. The net asset value per share on March 31, 2011 was $19.32 based on 15,294,435 shares outstanding.