Eaton Vance National Municipal Opportunities Trust Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2013
June 11, 2013 at 03:14 pm EDT
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Eaton Vance National Municipal Opportunities Trust reported earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported net investment income of $4,195,000 or $0.273 per share against $4,274,000 or $0.280 per share a year ago. Net increase in net assets from operations was $3,743,000 or $0.245 per share against $16,506,000 or $1.083 per share a year ago.
For the six months, the company reported net investment income of $16,948,000 or $1.106 per share against $17,953,000 or $1.174 per share a year ago. Net increase in net assets from operations was $32,694,000 or $2.135 per share against $53,225,000 or $3.483 per share a year ago. Net asset value per share outstanding as at March 31, 2013 was $22.70 against $21.64 as March 31, 2012.
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.