Eaton Vance California Municipal Bond Fund Report of Earnings

BOSTON, July 10, 2014 /PRNewswire/ -- Eaton Vance California Municipal Bond Fund (NYSE MKT: EVM) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and six months ended March 31, 2014.  The Fund's fiscal year ends on September 30, 2014.

For the three months ended March 31, 2014, the Fund had net investment income of $3,800,692 ($0.176 per share).  For the six months ended March 31, 2014, the Fund had net investment income of $7,591,913 ($0.350 per share).  In comparison, for the three months ended March 31, 2013, the Fund had net investment income of $3,785,730 ($0.174 per share).  For the six months ended March 31, 2013, the Fund had net investment income of $7,539,830 ($0.347 per share). 

Net realized and unrealized gains for the three months ended March 31, 2014 were $14,903,241 ($0.686 per share).  Net realized and unrealized gains for the six months ended March 31, 2014 were $12,936,821 ($0.596 per share).  In comparison, net realized and unrealized losses for the three months ended March 31, 2013 were $1,785,936 ($0.084 per share).  Net realized and unrealized losses for the six months ended March 31, 2013 were $1,699,470 ($0.080 per share).  

On March 31, 2014, net assets of the Fund were $261,681,777. The net asset value per share on March 31, 2014 was $12.14 based on 21,556,186 shares outstanding.  In comparison, on March 31, 2013, net assets of the Fund were $281,078,646. The net asset value per share on March 31, 2013 was $12.92 based on 21,756,186 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 $285.9 billion in assets as of April 30, 2014, 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.

SOURCE Eaton Vance Management

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