Eaton Vance Ohio Municipal Income Trust Report of Earnings - WDRB 41 Louisville News

Eaton Vance Ohio Municipal Income Trust Report of Earnings

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Eaton Vance Management

BOSTON, Feb. 14, 2014 /PRNewswire/ -- Eaton Vance Ohio Municipal Income Trust (NYSE MKT: EVO) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three months and year ended November 30, 2013. The Trust's fiscal year ended on November 30, 2013.

For the three months ended November 30, 2013, the Trust had net investment income of $558,536 ($0.195 per common share).  From this amount, the Trust paid dividends on preferred shares of $6,772 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $551,764, or $0.193 per common share. The Trust's net investment income for the year ended November 30, 2013 was $2,183,503 ($0.764 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 $0.751 per common share. In comparison, for the three months ended November 30, 2012, the Trust had net investment income of $545,305 ($0.191 per common share).  From this amount, the Trust paid dividends on preferred shares of $16,143 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $529,162, or $0.186 per common share. The Trust's net investment income for the year ended November 30, 2012 was $2,244,337 ($0.786 per common share, before deduction of the preferred share dividends totaling $0.020 per common share), resulting in net investment income after the preferred dividends of $0.766 per common share.

Net realized and unrealized gains for the three months ended November 30, 2013 were $1,804,792 ($0.636 per common share). The Trust's net realized and unrealized losses for the year ended November 30, 2013 were $6,731,696 ($2.352 per common share). In comparison, net realized and unrealized gains for the three months ended November 30, 2012 were $1,972,560 ($0.692 per common share). The Trust's net realized and unrealized gains for the year ended November 30, 2012 were $7,064,791 ($2.475 per common share).

On November 30, 2013, net assets of the Trust applicable to common shares were $38,588,051. The net asset value per common share on November 30, 2013 was $13.51 based on 2,857,157 common shares outstanding. In comparison, on November 30, 2012, net assets of the Trust applicable to common shares were $45,283,734.  The net asset value per common share on November 30, 2012 was $15.85 based on 2,856,954 common shares outstanding.

The Trust 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").  Trust portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end.

The Trust 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 $283.3 billion in assets as of December 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.

 

EATON VANCE OHIO MUNICIPAL INCOME TRUST

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Year Ended



November 30, 


November 30, 



2013


2012


2013


2012

Net investment income

$        559


$        545


$     2,184


$     2,244

Net realized and unrealized gains (losses)








  on investments

1,805


1,973


(6,732)


7,065

Preferred dividends paid from net investment income

(7)


(16)


(38)


(58)


Net increase (decrease) in net assets









  from operations

$     2,357


$     2,502


$   (4,586)


$     9,251










Earnings per Common Share Outstanding








Net investment income

$     0.195


$     0.191


$     0.764


$     0.786

Net realized and unrealized gains (losses)








  on investments

0.636


0.692


(2.352)


2.475

Preferred dividends paid from net investment income

(0.002)


(0.005)


(0.013)


(0.020)


Net increase (decrease) in net assets









  from operations

$     0.829


$     0.878


$   (1.601)


$     3.241










Net investment income

$     0.195


$     0.191


$     0.764


$     0.786

Preferred dividends paid from net investment income

(0.002)


(0.005)


(0.013)


(0.020)

Net investment income after preferred dividends

$     0.193


$     0.186


$     0.751


$     0.766










Net Asset Value at November 30 (Common Shares)









Net assets 





$38,588


$45,284


Shares outstanding 





2,857


2,857


Net asset value per share outstanding





$13.51


$15.85










Market Value Summary (Common Shares)









Market price on NYSE MKT at November 30





$11.84


$16.80


High market price (period ended November 30)





$17.16


$17.73


Low market price (period ended November 30)





$11.55


$13.31










 

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.