September 07, 2012 at 13:02 PM EDT
Eaton Vance Massachusetts Municipal Bond Fund Report Of Earnings

BOSTON, Sept. 7, 2012 /PRNewswire/ -- Eaton Vance Massachusetts Municipal Bond Fund (NYSE MKT: MAB) (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, 2012.  The Fund's fiscal year ends on September 30, 2012.

For the three months ended June 30, 2012, the Fund had net investment income of $360,028 ($0.204 per common share). From this amount, the Fund paid dividends on preferred shares of $10,755 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $349,273, or $0.198 per common share. The Fund's net investment income for the nine months ended June 30, 2012 was $1,090,550 ($0.618 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 $0.604 per common share. In comparison, for the three months ended June 30, 2011, the Fund had net investment income of $380,717 ($0.215 per common share). From this amount, the Fund paid dividends on preferred shares of $10,610 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $370,107, or $0.209 per common share. The Fund's net investment income for the nine months ended June 30, 2011 was $1,157,707 ($0.656 per common share, before deduction of the preferred share dividends totaling $0.022 per common share), resulting in net investment income after the preferred dividends of $0.634 per common share.

Net realized and unrealized gains for the three months ended June 30, 2012 were $610,745 ($0.345 per common share). The Fund's net realized and unrealized gains for the nine months ended June 30, 2012 were $1,906,082 ($1.079 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2011 were $1,494,832 ($0.855 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2011 were $2,433,883 ($1.380 per common share).

On June 30, 2012, net assets of the Fund applicable to common shares were $27,013,518. The net asset value per common share on June 30, 2012 was $15.29 based on 1,767,084 common shares outstanding. In comparison, on June 30, 2011, net assets of the Fund applicable to common shares were $23,523,737. The net asset value per common share on June 30, 2011 was $13.33 based on 1,764,884 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 $192.9 billion in assets as of July 31, 2012 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 MASSACHUSETTS MUNICIPAL BOND FUND






SUMMARY OF RESULTS OF OPERATIONS






(in thousands, except per share amounts)






















Three Months Ended


Nine Months Ended








June 30


June 30








2012


2011


2012


2011






Net investment income

$    360


$    381


$   1,091


$   1,158






Net realized and unrealized gains (losses)













  on investments

611


1,495


1,906


(2,434)






Preferred dividends paid from net investment income

(10)


(11)


(24)


(39)







Net increase (decrease) in net assets














  from operations

$    961


$ 1,865


$   2,973


$ (1,315)




















Earnings per Common Share Outstanding













Net investment income 

$ 0.204


$ 0.215


$   0.618


$   0.656






Net realized and unrealized gains (losses)













  on investments

0.345


0.855


1.079


(1.380)






Preferred dividends paid from net investment income

(0.006)


(0.006)


(0.014)


(0.022)







Net increase (decrease) in net assets














  from operations

$ 0.543


$ 1.064


$   1.683


$ (0.746)




















Net investment income

$ 0.204


$ 0.215


$   0.618


$   0.656






Preferred dividends paid from net investment income

(0.006)


(0.006)


(0.014)


(0.022)






Net investment income after preferred dividends

$ 0.198


$ 0.209


$   0.604


$   0.634




















Net Asset Value at June 30 (Common Shares)














Net assets 





$ 27,014


$ 23,524







Shares outstanding 





1,767


1,765







Net asset value per share outstanding





$   15.29


$   13.33




















Market Value Summary (Common Shares)














Market price on NYSE MKT at June 30





$   15.65


$   13.72







High market price (period ended June 30)





$   16.56


$   15.30







Low market price (period ended June 30)





$   13.57


$   12.36
















































 

SOURCE Eaton Vance Management

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here