EATON VANCE CORP. 
By BOSTON, Jan. 4, 2012 /PRNewswire/ -- Eaton Vance National Municipal Opportunities Trust (NYSE: EOT) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three and six-month periods ended September 30, 2011. The Trust's fiscal year ends on March 31, 2012.
For the three months ended September 30, 2011, the Trust had net investment income of $4,576,845 ($0.299 per common share). The Trust's net investment income for the six months ended September 30, 2011 was $9,189,190 ($0.601 per common share). In comparison, for the three months ended September 30, 2010, the Trust had net investment income of $4,703,901 ($0.308 per common share). The Trust's net investment income for the six months ended September 30, 2010 was $9,441,555 ($0.618 per common share).
Net realized and unrealized gains for the three months ended September 30, 2011 were $8,359,141 ($0.550 per common share). The Trust's net realized and unrealized gains for the six months ended September 30, 2011 were $21,392,544 ($1.402 per common share). In comparison, net realized and unrealized gains for the three months ended September 30, 2010 were $14,256,738 ($0.937 per common share). The Trust's net realized and unrealized gains for the six months ended September 30, 2010 were $13,874,078 ($0.912 per common share).
On September 30, 2011, net assets of the Trust were $317,002,089. The net asset value per common share on September 30, 2011 was $20.73 based on 15,294,435 common shares outstanding. In comparison, on September 30, 2010, net assets of the Trust were $338,268,524. The net asset value per common share on September 30, 2010 was $22.14 based on 15,282,019 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 calendar quarter-end are also posted to the website approximately 30 days following quarter-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 $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 NATIONAL MUNICIPAL OPPORTUNITIES TRUST
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
September 30, September 30,
------------- -------------
2011 2010 2011 2010
---- ---- ---- ----
Net investment income $4,577 $4,704 $9,189 $9,442
Net realized and
unrealized gains
(losses)
on investments 8,359 14,257 21,393 13,874
----- ------ ------ ------
Net increase (decrease) in net
assets
from operations $12,936 $18,961 $30,582 $23,316
=======
Earnings per Share
Outstanding
------------------
Net investment income $0.299 $0.308 $0.601 $0.618
Net realized and
unrealized gains
(losses)
on investments 0.550 0.937 1.402 0.912
----- ----- ----- -----
Net increase (decrease) in net
assets
from operations $0.849 $1.245 $2.003 $1.530
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Net Asset Value at
September 30
------------------
Net assets $317,002 $338,269
Shares outstanding 15,294 15,282
Net asset value per share
outstanding $20.73 $22.14
Market Value Summary
--------------------
Market price on NYSE at
September 30 $19.74 $21.54
High market price (period ended
September 30) $19.92 $22.14
Low market price (period ended
September 30) $18.17 $20.07
SOURCE Eaton Vance Management
