BOSTON, Jan. 4, 2012 /PRNewswire/ -- Eaton Vance Ohio Municipal Bond Fund (NYSE Amex: EIO) (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 $505,936 ($0.200 per common share). From this amount, the Fund paid dividends on preferred shares of $9,601 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $496,335, or $0.196 per common share. The Fund's net investment income for the year ended September 30, 2011 was $2,058,345 ($0.814 per common share, before deduction of the preferred share dividends totaling $0.023 per common share), resulting in net investment income after the preferred dividends of $0.791 per common share. In comparison, for the three months ended September 30, 2010, the Fund had net investment income of $510,893 ($0.203 per common share). From this amount, the Fund paid dividends on preferred shares of $17,820 (equal to $0.007 for each common share), resulting in net investment income after the preferred dividends of $493,073, or $0.196 per common share. The Fund's net investment income for the year ended September 30, 2010 was $2,088,302 ($0.828 per common share, before deduction of the preferred share dividends totaling $0.028 per common share), resulting in net investment income after the preferred dividends of $0.800 per common share.

Net realized and unrealized gains for the three months ended September 30, 2011 were $1,426,074 ($0.560 per common share). The Fund's net realized and unrealized losses for the year ended September 30, 2011 were $1,908,559 ($0.759 per common share). In comparison, net realized and unrealized gains for the three months ended September 30, 2010 were $1,672,267 ($0.668 per common share). The Fund's net realized and unrealized losses for the year ended September 30, 2010 were $159,727 ($0.058 per common share).

On September 30, 2011, net assets of the Fund applicable to common shares were $30,921,602. The net asset value per common share on September 30, 2011 was $12.22 based on 2,530,846 common shares outstanding. In comparison, on September 30, 2010, net assets of the Fund applicable to common shares were $32,725,804. The net asset value per common share on September 30, 2010 was $12.96 based on 2,526,031 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 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 OHIO 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                      $506                              $511          $2,058   $2,088
    Net realized and
     unrealized gains
     (losses) on
     investments
                                              1,426                             1,672          (1,909)    (160)
    Preferred dividends
     paid from net
     investment income                          (10)                              (18)            (59)     (70)
                                                ---                               ---             ---      ---

        Net increase (decrease)
         in net assets from
         operations                          $1,922                            $2,165             $90   $1,858
                                             ======                            ======             ===   ======

    Earnings per Common
     Share Outstanding
    -------------------
    Net investment income                    $0.200                            $0.203          $0.814   $0.828
    Net realized and
     unrealized gains
     (losses) on
     investments
                                              0.560                             0.668          (0.759)  (0.058)
    Preferred dividends
     paid from net
     investment income                       (0.004)                           (0.007)         (0.023)  (0.028)
                                             ------                            ------          ------   ------

        Net increase (decrease)
         in net assets from
         operations                          $0.756                            $0.864          $0.032   $0.742
                                             ======                            ======          ======   ======

    Net investment income                    $0.200                            $0.203          $0.814   $0.828
    Preferred dividends
     paid from net
     investment income                       (0.004)                           (0.007)         (0.023)  (0.028)
                                             ------                            ------          ------   ------
    Net investment income
     after preferred
     dividends                               $0.196                            $0.196          $0.791   $0.800
                                             ======                            ======          ======   ======

    Net Asset Value at
     September 30 (Common
     Shares)
    ---------------------
                                                                                              $30,922  $32,726
        Net assets
                                                                                                2,531    2,526
        Shares outstanding
                                                                                               $12.22   $12.96
        Net asset value per
         share outstanding

    Market Value Summary
     (Common Shares)
    --------------------
                                                                                               $12.78   $14.10
        Market price on NYSE
         Amex at September 30
                                                                                               $14.20   $14.50
        High market price
         (period ended
         September 30)
                                                                                               $10.82   $12.21
        Low market price
         (period ended
         September 30)

SOURCE Eaton Vance Management