BOSTON, Dec. 3, 2012 /PRNewswire/ -- Eaton Vance
California Municipal Bond Fund II (NYSE MKT: EIA) (the "Fund"), a
closed-end management investment company, today announced the
earnings of the Fund for the three months and year ended
September 30, 2012. The Fund's
fiscal year ended on September 30,
2012.
For the three months ended September 30,
2012, the Fund had net investment income of $753,501 ($0.193
per common share). From this amount, the Fund paid dividends
on preferred shares of $16,115 (equal
to $0.004 for each common share),
resulting in net investment income after the preferred dividends of
$737,386, or $0.189 per common share. The Fund's net
investment income for the year ended September 30, 2012 was $3,018,762 ($0.777
per common share, before deduction of the preferred share dividends
totaling $0.016 per common share),
resulting in net investment income after the preferred dividends of
$0.761 per common share. In
comparison, for the three months ended September 30, 2011, the Fund had net investment
income of $823,561 ($0.212 per common share). From this amount,
the Fund paid dividends on preferred shares of $14,053 (equal to $0.004 for each common share), resulting in net
investment income after the preferred dividends of $809,508, or $0.208
per common share. The Fund's net investment income for the year
ended September 30, 2011 was
$3,314,138 ($0.855 per common share, before deduction of the
preferred share dividends totaling $0.023 per common share), resulting in net
investment income after the preferred dividends of $0.832 per common share.
Net realized and unrealized gains for the three months ended
September 30, 2012 were $1,838,534 ($0.479
per common share). The Fund's net realized and unrealized gains for
the year ended September 30, 2012
were $6,623,716 ($1.712 per common share). In comparison, net
realized and unrealized gains for the three months ended
September 30, 2011 were $2,579,364 ($0.665
per common share). The Fund's net realized and unrealized losses
for the year ended September 30, 2011
were $2,950,740 ($0.761 per common share).
On September 30, 2012, net assets
of the Fund applicable to common shares were $52,062,588. The net asset value per common
share on September 30, 2012 was
$13.41 based on 3,883,713 common
shares outstanding. In comparison, on September 30, 2011, net assets of the Fund
applicable to common shares were $45,534,740. The net asset value per common
share on September 30, 2011 was
$11.73 based on 3,881,373 common
shares outstanding.
The Fund periodically makes certain performance data and
information about portfolio characteristics available on
www.eatonvance.com (on the fund information page under "Individual
Investors – Closed-End Funds"). Fund portfolio holdings for
the most recent month-end are also posted to the website
approximately 30 days following month-end.
The Fund is managed by Eaton Vance Management, a subsidiary of
Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment
management firms in the United
States, with a history dating back to 1924. Eaton Vance and
its affiliates managed $199.5 billion
in assets as of October 31, 2012
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
EATON
VANCE CALIFORNIA MUNICIPAL BOND FUND II
|
SUMMARY
OF RESULTS OF OPERATIONS
|
(in
thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
Three
Months Ended
|
|
Year
Ended
|
|
|
September 30,
|
|
September 30,
|
|
|
2012
|
|
2011
|
|
2012
|
|
2011
|
Net
investment income
|
$
754
|
|
$
824
|
|
$
3,019
|
|
$
3,314
|
Net
realized and unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
1,839
|
|
2,579
|
|
6,624
|
|
(2,951)
|
Preferred
dividends paid from net investment income
|
(16)
|
|
(14)
|
|
(62)
|
|
(88)
|
|
Net
increase (decrease) in net assets
|
|
|
|
|
|
|
|
|
from operations
|
$
2,577
|
|
$
3,389
|
|
$
9,581
|
|
$
275
|
|
|
|
|
|
|
|
|
|
Earnings
per Common Share Outstanding
|
|
|
|
|
|
|
|
Net
investment income
|
$
0.193
|
|
$
0.212
|
|
$
0.777
|
|
$
0.855
|
Net
realized and unrealized gains (losses)
|
|
|
|
|
|
|
|
on
investments
|
0.479
|
|
0.665
|
|
1.712
|
|
(0.761)
|
Preferred
dividends paid from net investment income
|
(0.004)
|
|
(0.004)
|
|
(0.016)
|
|
(0.023)
|
|
Net
increase (decrease) in net assets
|
|
|
|
|
|
|
|
|
from operations
|
$
0.668
|
|
$
0.873
|
|
$
2.473
|
|
$
0.071
|
|
|
|
|
|
|
|
|
|
Net
investment income
|
$
0.193
|
|
$
0.212
|
|
$
0.777
|
|
$
0.855
|
Preferred
dividends paid from net investment income
|
(0.004)
|
|
(0.004)
|
|
(0.016)
|
|
(0.023)
|
Net
investment income after preferred dividends
|
$
0.189
|
|
$
0.208
|
|
$
0.761
|
|
$
0.832
|
|
|
|
|
|
|
|
|
|
Net Asset
Value at September 30 (Common Shares)
|
|
|
|
|
|
|
|
|
Net
assets
|
|
|
|
|
$52,063
|
|
$45,535
|
|
Shares
outstanding
|
|
|
|
|
3,884
|
|
3,881
|
|
Net asset
value per share outstanding
|
|
|
|
|
$13.41
|
|
$11.73
|
|
|
|
|
|
|
|
|
|
Market
Value Summary (Common Shares)
|
|
|
|
|
|
|
|
|
Market
price on NYSE MKT at September 30
|
|
|
|
|
$13.63
|
|
$12.26
|
|
High
market price (period ended September 30)
|
|
|
|
|
$13.65
|
|
$13.18
|
|
Low market
price (period ended September 30)
|
|
|
|
|
$11.85
|
|
$10.11
|
|
|
|
|
|
|
|
|
|
SOURCE Eaton Vance Management