Eaton Vance Enhanced Equity Income Fund II Report of Earnings
BOSTON, June 14, 2013 /PRNewswire/ -- Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months ended March 31, 2013. The Fund's fiscal year ends on December 31, 2013.
For the three months ended March 31, 2013, the Fund had net investment loss of $379,076 ($0.008 per common share). In comparison, for the three months ended March 31, 2012, the Fund had net investment income of $234,118 ($0.004 per common share).
Net realized and unrealized gains for the three months ended March 31, 2013 were $44,907,847 ($0.940 per common share). In comparison, net realized and unrealized gains for the three months ended March 31, 2012 were $55,925,738 ($1.153 per common share).
On March 31, 2013, net assets of the Fund were $602,621,259. The net asset value per common share on March 31, 2013 was $12.64 based on 47,693,123 common shares outstanding. In comparison, on March 31, 2012, net assets of the Fund were $612,601,763. The net asset value per common share on March 31, 2012 was $12.63 based on 48,492,823 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 $260.3 billion in assets as of April 30, 2013, 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 ENHANCED EQUITY INCOME FUND II |
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| SUMMARY OF RESULTS OF OPERATIONS |
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| (in thousands, except per share amounts) |
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| Three Months Ended |
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| March 31, |
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| 2013 |
2012 |
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| Gross investment income |
$ 1,280 |
$ 1,913 |
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| Operating expenses |
(1,659) |
(1,679) |
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| Net investment income (loss) |
$ (379) |
$ 234 |
||||||
| Net realized and unrealized gains (losses) |
||||||||
| on investments |
$ 44,908 |
$ 55,926 |
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| Net increase (decrease) in net assets |
||||||||
| from operations |
$ 44,529 |
$ 56,160 |
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| Earnings per Common Share Outstanding |
||||||||
| Gross investment income |
$ 0.027 |
$ 0.039 |
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| Operating expenses |
(0.035) |
(0.035) |
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| Net investment income (loss) |
$ (0.008) |
$ 0.004 |
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| Net realized and unrealized gains (losses) |
||||||||
| on investments |
$ 0.940 |
$ 1.153 |
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| Net increase (decrease) in net assets |
||||||||
| from operations |
$ 0.932 |
$ 1.157 |
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| Net Asset Value at March 31 (Common Shares) |
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| Net assets |
$ 602,621 |
$ 612,602 |
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| Shares outstanding |
47,693 |
48,493 |
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| Net asset value per share outstanding |
$ 12.64 |
$ 12.63 |
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| Market Value Summary (Common Shares) |
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| Market price on NYSE at March 31 |
$ 11.35 |
$ 10.88 |
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| High market price (period ended March 31) |
$ 11.35 |
$ 11.24 |
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| Low market price (period ended March 31) |
$ 10.67 |
$ 10.76 |
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SOURCE Eaton Vance Management
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