BOSTON, Oct. 2, 2013 /PRNewswire/ -- Eaton Vance New Jersey Municipal Bond Fund (NYSE MKT: EMJ) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2013. The Fund's fiscal year ends on September 30, 2013.
For the three months ended June 30, 2013, the Fund had net investment income of $474,220 ($0.181 per common share). From this amount, the Fund paid dividends on preferred shares of $11,842 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $462,378, or $0.176 per common share. The Fund's net investment income for the nine months ended June 30, 2013 was $1,482,296 ($0.568 per common share, before deduction of the preferred share dividends totaling $0.013 per common share), resulting in net investment income after the preferred dividends of $0.555 per common share. In comparison, for the three months ended June 30, 2012, the Fund had net investment income of $540,742 ($0.209 per common share). From this amount, the Fund paid dividends on preferred shares of $15,473 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $525,269, or $0.203 per common share. The Fund's net investment income for the nine months ended June 30, 2012 was $1,605,773 ($0.619 per common share, before deduction of the preferred share dividends totaling $0.014 per common share), resulting in net investment income after the preferred dividends of $0.605 per common share.
Net realized and unrealized losses for the three months ended June 30, 2013 were $2,909,237 ($1.117 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2013 were $3,413,591 ($1.309 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2012 were $132,552 ($0.055 per common share). The Fund's net realized and unrealized gains for the nine months ended June 30, 2012 were $2,425,868 ($0.935 per common share).
On June 30, 2013, net assets of the Fund applicable to common shares were $34,785,107. The net asset value per common share on June 30, 2013 was $13.33 based on 2,608,910 common shares outstanding. In comparison, on June 30, 2012, net assets of the Fund applicable to common shares were $36,685,012. The net asset value per common share on June 30, 2012 was $14.10 based on 2,602,292 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 $268.8 billion in assets as of July 31, 2013 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.
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EATON VANCE NEW JERSEY MUNICIPAL BOND FUND |
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SUMMARY OF RESULTS OF OPERATIONS |
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(in thousands, except per share amounts) |
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Three Months Ended |
Nine Months Ended |
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June 30, |
June 30, |
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2013 |
2012 |
2013 |
2012 |
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Net investment income |
$ 474 |
$ 541 |
$ 1,482 |
$ 1,606 |
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Net realized and unrealized gains (losses) |
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on investments |
(2,909) |
133 |
(3,414) |
2,426 |
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Preferred dividends paid from net investment income |
(12) |
(15) |
(33) |
(36) |
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Net increase (decrease) in net assets |
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from operations |
$ (2,447) |
$ 659 |
$ (1,965) |
$ 3,996 |
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Earnings per Common Share Outstanding |
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Net investment income |
$ 0.181 |
$ 0.209 |
$ 0.568 |
$ 0.619 |
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Net realized and unrealized gains (losses) |
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on investments |
(1.117) |
0.055 |
(1.309) |
0.935 |
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Preferred dividends paid from net investment income |
(0.005) |
(0.006) |
(0.013) |
(0.014) |
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Net increase (decrease) in net assets |
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from operations |
$ (0.941) |
$ 0.258 |
$ (0.754) |
$ 1.540 |
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Net investment income |
$ 0.181 |
$ 0.209 |
$ 0.568 |
$ 0.619 |
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Preferred dividends paid from net investment income |
(0.005) |
(0.006) |
(0.013) |
(0.014) |
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Net investment income after preferred dividends |
$ 0.176 |
$ 0.203 |
$ 0.555 |
$ 0.605 |
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Net Asset Value at June 30 (Common Shares) |
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Net assets |
$34,785 |
$36,685 |
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Shares outstanding |
2,609 |
2,602 |
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Net asset value per share outstanding |
$13.33 |
$14.10 |
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Market Value Summary (Common Shares) |
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Market price on NYSE MKT at June 30 |
$12.59 |
$14.92 |
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High market price (period ended June 30) |
$16.40 |
$15.60 |
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Low market price (period ended June 30) |
$12.24 |
$13.17 |
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SOURCE Eaton Vance Management
RELATED LINKShttp://www.eatonvance.com
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