BOSTON, Nov. 24, 2014
/PRNewswire/ -- Eaton Vance Tax-Advantaged Dividend Income
Fund (NYSE: EVT), a diversified closed-end management investment
company, today announced the earnings of the Fund for the three
months and year ended August 31,
2014. The Fund's fiscal year ended on August 31, 2014.
For the three months ended August 31,
2014, the Fund had net investment income of $12,727,639 ($0.175
per share). For the year ended August 31,
2014, the Fund had net investment income of $104,099,749 ($1.429 per share). In comparison, for the
three months ended August 31, 2013,
the Fund had net investment income of $18,566,135 ($0.255
per share). For the year ended August 31,
2013, the Fund had net investment income of $101,201,402 ($1.389 per share).
Net realized and unrealized gains for the three months ended
August 31, 2014 were $52,165,515 ($0.708
per share) and net realized and unrealized gains for the year ended
August 31, 2014 were $243,435,152 ($3.334 per share). In comparison, net realized
and unrealized losses for the three months ended August 31, 2013 were $59,873,429 ($0.821
per share) and net realized and unrealized gains for the year ended
August 31, 2013 were $80,144,977 ($1.101
per share).
On August 31, 2014, net assets of
the Fund were $1,671,173,360. The net
asset value per share on August 31,
2014 was $22.94 based on
72,835,900 shares outstanding. In comparison, on August 31, 2013, net assets of the Fund were
$1,420,014,921. The net asset value
per share on August 31, 2013 was
$19.50 based on 72,835,900 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 $297.7 billion
in assets as of October 31, 2014
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
TAX-ADVANTAGED DIVIDEND INCOME FUND
|
|
SUMMARY OF RESULTS
OF OPERATIONS
|
|
(in thousands,
except per share amounts)
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Year
Ended
|
|
August
31,
|
|
August
31,
|
|
August
31,
|
|
August
31,
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
|
Gross investment
income
|
$
18,302
|
|
$
23,839
|
|
$ 125,629
|
|
$
122,284
|
|
Operating
expenses
|
(4,713)
|
|
(4,371)
|
|
(18,084)
|
|
(16,862)
|
|
Interest
expense
|
(861)
|
|
(902)
|
|
(3,445)
|
|
(4,221)
|
|
Net investment
income
|
$
12,728
|
|
$
18,566
|
|
$ 104,100
|
|
$
101,201
|
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
|
on
investments
|
$
52,165
|
|
$
(59,873)
|
|
$ 243,435
|
|
$
80,145
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
$
64,893
|
|
$
(41,307)
|
|
$
347,535
|
|
$
181,346
|
|
|
|
|
|
|
|
|
|
|
Earnings per Share
Outstanding
|
|
|
|
|
|
|
|
|
Gross investment
income
|
$
0.251
|
|
$
0.327
|
|
$ 1.725
|
|
$
1.679
|
|
Operating
expenses
|
(0.065)
|
|
(0.060)
|
|
(0.249)
|
|
(0.232)
|
|
Interest
expense
|
(0.011)
|
|
(0.012)
|
|
(0.047)
|
|
(0.058)
|
|
Net investment
income
|
$
0.175
|
|
$
0.255
|
|
$ 1.429
|
|
$
1.389
|
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
|
on
investments
|
$
0.708
|
|
$
(0.821)
|
|
$ 3.334
|
|
$
1.101
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
$
0.883
|
|
$
(0.566)
|
|
$
4.763
|
|
$
2.490
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Asset Value at
August 31
|
|
|
|
|
|
|
|
|
Net
assets
|
|
|
|
|
$ 1,671,173
|
|
$ 1,420,015
|
|
Shares
outstanding
|
|
|
|
|
72,836
|
|
72,836
|
|
Net asset value per
share outstanding
|
|
|
|
|
$ 22.94
|
|
$
19.50
|
|
|
|
|
|
|
|
|
|
|
Market Value
Summary
|
|
|
|
|
|
|
|
|
Market price on NYSE
at August 31
|
|
|
|
|
$ 20.56
|
|
$
17.63
|
|
High market price
(period ended August 31)
|
|
|
|
|
$ 20.79
|
|
$
20.16
|
|
Low market price
(period ended August 31)
|
|
|
|
|
$ 17.59
|
|
$
15.96
|
|
|
|
|
|
|
|
|
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/eaton-vance-tax-advantaged-dividend-income-fund-report-of-earnings-300000491.html
SOURCE Eaton Vance Management