Eaton Vance New York Municipal Bond Fund Announces Earnings Results for the Second Quarter and Six Months Ended March 31, 2014
July 10, 2014 at 02:48 pm EDT
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Eaton Vance New York Municipal Bond Fund announced earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported net investment income of $3,029,000 or $0.192 per share compared to $2,915,000 or $0.184 per share a year ago. Net realized and unrealized gains on investments was $9,403,000 or $0.590 per share compared to net realized and unrealized losses on investments of $3,458,000 or $0.223 per share a year ago. Net increase in net assets from operations was $12,432,000 or $0.782 per share compared to net decrease in net assets from operations of $543,000 or $0.039 per share a year ago.
For the six months, the company reported net investment income of $6,051,000 or $0.382 per share compared to $5,826,000 or $0.367 per share a year ago. Net realized and unrealized gains on investments was $7,295,000 or $0.457 per share compared to net realized and unrealized losses on investments of $4,882,000 or $0.313 per share a year ago. Net increase in net assets from operations was $13,346,000 or $0.839 per share compared to $944,000 or $0.054 per share a year ago. Net asset value per share outstanding was $13.25 compared to $14.17 a year ago.
Eaton Vance New York Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fundâs investment objective is to provide current income exempt from federal income tax. During normal market conditions, at least 80% of the Fundâs net assets may be invested in municipal obligations, the interest on which is exempt from federal income tax, including the alternative minimum tax (AMT). The Fund may invest up to 20% of its net assets in municipal obligations rated BBB/Baa or below (or unrated obligations deemed by the Fundâs adviser, Eaton Vance Management, provided that not more than 15% of its net assets may be invested in municipal obligations rated below B and may invest up to 20% of its net assets in bonds on which the interest is subject to the AMT. The Fund's investment portfolio includes various sectors, such as hospital, education, housing, bond bank, electric utilities and water and sewer. Eaton Vance Management is the investment advisor for the Fund.
EATON VANCE NEW YORK MUNICIPAL BOND FUND 
