Eaton Vance New York Municipal Income Trust Reports Earnings Results for the Fourth Quarter and Year Ended November 30, 2011
January 31, 2012 at 03:42 pm EST
Eaton Vance New York Municipal Income Trust reported earnings results for the fourth quarter and year ended November 30, 2011. For the quarter, the Trust had net investment income of $1,253,012 or $0.230 per common share. From this amount, the Trust paid dividends on preferred shares of $19,348 or $0.004 for each common share, resulting in net investment income after the preferred dividends of $1,233,664, or $0.226 per common share. In comparison, for the three months ended November 30, 2010, the Trust had net investment income of $1,289,723 or $0.237 per common share. From this amount, the Trust paid dividends on preferred shares of $35,337 equal to $0.007 for each common share, resulting in net investment income after the preferred dividends of $1,254,386, or $0.230 per common share. Net realized and unrealized gains were $507,140 or $0.096 per common share. In comparison, net realized and unrealized losses for the three months ended November 30, 2010 were $4,808,239 or $0.889 per common share. Net increase in net assets from operations was $1,741,000 or $0.322 per common share compared to net decrease in net assets from operations of $3,553,000 or $0.659 per common share for the same period a year ago.
For the year, net investment income was $5,179,486 or $0.950 per common share, before deduction of the preferred share dividends totaling $0.019 per common share, resulting in net investment income after the preferred dividends of $0.931 per common share. In comparison, the Trust's net investment income for the year ended November 30, 2010 was $5,176,320 or $0.954 per common share, before deduction of the preferred share dividends totaling $0.025 per common share, resulting in net investment income after the preferred dividends of $0.929 per common share. Net realized and unrealized gains were $958,978 or $0.179 per common share. In comparison, the Trust's net realized and unrealized gains for the year ended November 30, 2010 were $909,352 or $0.166 per common share. On November 30, 2011, net assets of the Trust applicable to common shares were $72,678,205. The net asset value per common share on November 30, 2011 was $13.31. In comparison, on November 30, 2010, net assets of the Trust applicable to common shares were $71,372,379. The net asset value per common share on November 30, 2010 was $13.11. Net increase in net assets from operations was $6,034,000 or $1.110 per common share compared to $5,949,000 or $1.095 per common share for the same period a year ago.