Eaton Vance Tax-Advantaged Bond and Option Strategies Fund announced earnings for the three months and six months ended June 30, 2012. For the three months ended June 30, 2012, the fund had net investment income of $120,991 or $0.011 per common share. In comparison, for the three months ended June 30, 2011, the fund had net investment income of $133,466 or $0.012 per common share. Net realized and unrealized gains on investments for the three months ended June 30, 2012 were $7,625,293 or $0.714 per common share. In comparison, net realized and unrealized gains on investments for the three months ended June 30, 2011 were $11,868,414 or $1.122 per common share. On June 30, 2012, net assets of the fund were $191,855,563. The net asset value per common share on June 30, 2012 was $18.17 based on 10,556,552 common shares outstanding. In comparison, on June 30, 2011, net assets of the fund were $195,846,708. The net asset value per common share on June 30, 2011 was $18.55 based on 10,556,552 common shares outstanding. Net increase in net assets from operations was $7,746,000 or $0.725 per share against $12,001,000 or $1.134 per share a year ago.

For the six months ended June 30, 2012, the Fund had net investment income of $168,834 or $0.016 per common share. For the six months ended June 30, 2011, the fund had net investment income of $361,369 or $0.034 per common share. Net realized and unrealized gains on investments for the six months ended June 30, 2012 were $6,152,169 or $0.574 per common share. In comparison, net realized and unrealized gains on investments for the six months ended June 30, 2011 were $15,606,172 or $1.476 per common share. Net increase in net assets from operations was $6,321,000 or $0.590 per share against $15,967,000 or $1.510 per share a year ago.