Eaton Vance California Municipal Bond Fund Reports Earnings Results for the Three Months and Year Ended September 30, 2014
January 14, 2015 at 04:01 pm
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Eaton Vance California Municipal Bond Fund reported earnings results for the three months and year ended September 30, 2014. For the three months, the fund had net investment income of $3,707,216 or $0.174 per share. In comparison, for the three months ended September 30, 2013, the Fund had net investment income of $3,841,001 or $0.176 per share. Net realized and unrealized gains for the three months ended September 30, 2014 were $4,725,030 or $0.224 per share. In comparison, net realized and unrealized losses for the three months ended September 30, 2013 were $5,778,816 or $0.267 per share.
For the year, the fund had net investment income of $15,088,430 or $0.700 per share. For the year ended September 30, 2013, the Fund had net investment income of $15,192,176 or $0.698 per share. Net realized and unrealized losses for the year ended September 30, 2013 were
$32,908,883 or $1.514 per share. On September 30, 2014, net assets of the Fund were $276,021,518. The net asset value per share on September 30, 2014 was $12.90 based on 21,398,686 shares outstanding. In comparison, on September 30, 2013, net assets of the Fund were $250,407,306. The net asset value per share on September 30, 2013 was $11.51 based on 21,756,186 shares outstanding.
Eaton Vance California Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income tax. The Funds may invest in residual interest bonds, also referred to as inverse floating rate securities, whereby it may sell a variable or fixed rate bond for cash to a Special-Purpose Vehicle (the SPV), while at the same time, buying a residual interest in the assets and cash flows of the SPV. The Fund invests in debt securities issued by California municipalities. The Fund's investment portfolio includes various sectors, such as housing, education, electric utilities, escrowed/pre-refunded, general obligations, senior living/life care, hospital, housing, insured-electric utilities, insured-general obligation, insured-transportation, and water and sewer. Eaton Vance Management is the investment advisor for the Fund.