Eaton Vance National Municipal Opportunities Trust Report of Earnings
BOSTON, Dec. 22, 2010 /PRNewswire-FirstCall/ -- 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, 2010. The Trust's fiscal year ends on March 31, 2011.
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). In comparison, for the three months ended September 30, 2009, the Trust had net investment income of $4,738,102 ($0.311 per common share). The Trust's net investment income for the period from the start of business, May 29, 2009, to September 30, 2009 was $5,686,231 ($0.382 per common share).
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). In comparison, net realized and unrealized gains for the three months ended September 30, 2009 were $46,203,086 ($3.023 per common share). The Trust's net realized and unrealized gains for the period from the start of business, May 29, 2009, to September 30, 2009 were $43,227,370 ($2.820 per common share).
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. In comparison, on September 30, 2009, net assets of the Trust were $335,501,975. The net asset value per common share on September 30, 2009 was $21.96 based on 15,277,613 common shares outstanding.
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 $185.2 billion in assets as of October 31, 2010 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) |
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Three Months Ended |
Period Ended |
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September 30, |
September 30, |
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2010 |
2009 |
2010 |
2009* |
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Net investment income |
$ 4,704 |
$ 4,738 |
$ 9,442 |
$ 5,686 |
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Net realized and unrealized gains (losses) |
|||||||||
on investments |
14,257 |
46,203 |
13,874 |
43,227 |
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Net increase (decrease) in net assets |
|||||||||
from operations |
$ 18,961 |
$ 50,941 |
$ 23,316 |
$ 48,913 |
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Earnings per Common Share Outstanding |
|||||||||
Net investment income |
$ 0.308 |
$ 0.311 |
$ 0.618 |
$ 0.382 |
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Net realized and unrealized gains (losses) |
|||||||||
on investments |
0.937 |
3.023 |
0.912 |
2.820 |
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Net increase (decrease) in net assets |
|||||||||
from operations |
$ 1.245 |
$ 3.334 |
$ 1.530 |
$ 3.202 |
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Net Asset Value at September 30 (Common Shares) |
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Net assets |
$338,269 |
$335,502 |
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Shares outstanding |
15,282 |
15,278 |
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Net asset value per share outstanding |
$22.14 |
$21.96 |
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Market Value Summary (Common Shares) |
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Market price on NYSE at September 30 |
$21.54 |
$19.88 |
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High market price (period ended September 30) |
$22.14 |
$20.25 |
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Low market price (period ended September 30) |
$20.07 |
$18.02 |
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* For the period from the start of business, May 29, 2009 to September 30, 2009. |
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SOURCE Eaton Vance Management
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