EATON VANCE CORP. 
By BOSTON, Jan. 4, 2012 /PRNewswire/ -- Eaton Vance California Municipal Bond Fund (NYSE Amex: EVM) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months and year ended September 30, 2011. The Fund's fiscal year ended on September 30, 2011.
For the three months ended September 30, 2011, the Fund had net investment income of $4,323,858 ($0.199 per share). For the year ended September 30, 2011, the Fund had net investment income of $17,409,457 ($0.801 per share). In comparison, for the three months ended September 30, 2010, the Fund had net investment income of $4,490,932 ($0.207 per share). For the year ended September 30, 2010, the Fund had net investment income of $18,386,371 ($0.847 per share).
Net realized and unrealized gains for the three months ended September 30, 2011 were $12,854,013 ($0.593 per share). Net realized and unrealized losses for the year ended September 30, 2011 were $17,900,176 ($0.822 per share). In comparison, net realized and unrealized gains for the three months ended September 30, 2010 were $14,630,050 ($0.676 per share). Net realized and unrealized losses for the year ended September 30, 2010 were $7,220,425 ($0.331 per share).
On September 30, 2011, net assets of the Fund were $255,294,320. The net asset value per share on September 30, 2011 was $11.74 based on 21,746,954 shares outstanding. In comparison, on September 30, 2010, net assets of the Fund were $273,913,735. The net asset value per share on September 30, 2010 was $12.61 based on 21,717,929 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 calendar quarter-end are also posted to the website approximately 30 days following quarter-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 $188.2 billion in assets as of October 31, 2011, 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
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Year Ended
September 30,
September 30,
-------------
2011 2010 2011 2010
---- ---- ---- ----
Net
investment
income $4,324 $4,491 $17,409 $18,386
Net
realized
and
unrealized
gains
(losses)
on
investments 12,854 14,630 (17,900) (7,220)
------ ------ ------- ------
$17,178
Net
increase
(decrease)
in net
assets $19,121 $(491) $11,166
from
operations
Earnings
per
Share
Outstanding
------------
Net
investment
income $0.199 $0.207 $0.801 $0.847
Net
realized
and
unrealized
gains
(losses)
on
investments 0.593 0.676 (0.822) (0.331)
----- ----- ------ ------
Net
increase
(decrease)
in net
assets $0.792 $0.883 $(0.021) $0.516
from
operations
Net Asset
Value at
September
30
----------
$255,294 $273,914
Net
assets
21,747 21,718
Shares
outstanding
$11.74 $12.61
Net asset
value
per
share
outstanding
Market
Value
Summary
--------
$12.27 $13.30
Market
price on
NYSE
Amex at
September
30
$13.21 $13.47
High
market
price
(period
ended
September
30)
$10.33 $11.18
Low
market
price
(period
ended
September
30)
SOURCE Eaton Vance Management
