Eaton Vance National Municipal Opportunities Trust Report Of Earnings
BOSTON, March 5 /PRNewswire-FirstCall/ -- Eaton Vance National Municipal Opportunities Trust (NYSE: EOT) (the "Trust"), a diversified closed-end management investment company, today announced the earnings of the Trust for the three months ended December 31, 2009 and for the period from the start of business, May 29, 2009, to December 31, 2009. The Trust's fiscal year ends on March 31, 2010.
For the three months ended December 31, 2009, the Trust had net investment income of $4,741,189 ($0.310 per common share). For the period from the start of business, May 29, 2009, to December 31, 2009, the Trust had net investment income of $10,427,420 ($0.692 per common share).
Net realized and unrealized losses for the three months ended December 31, 2009 were $14,310,617 ($0.935 per common share). Net realized and unrealized gains for the period from the start of business, May 29, 2009, to December 31, 2009 were $28,916,753 ($1.885 per common share).
On December 31, 2009, net assets of the Trust were $319,997,164. The net asset value per common share on December 31, 2009 was $20.95 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 $161.6 billion in assets as of January 31, 2010 offering individuals and institutions a broad array of investment products 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)
Three Months Ended Period Ended
December 31, December 31,*
------------ -------------
2009 2009
---- ----
Net investment income $4,741 $10,427
Net realized and unrealized gains
(losses)
on investments (14,311) 28,917
------- ------
Net increase (decrease) in net
assets from operations $(9,570) $39,344
======= =======
Earnings per Share Outstanding
------------------------------
Net investment income $0.310 $0.692
Net realized and unrealized gains
(losses) on investments (0.935) 1.885
------ -----
Net increase (decrease) in net
assets from operations $(0.625) $2.577
======= ======
Net Asset Value at December 31
------------------------------
Net assets $319,997
Shares outstanding 15,278
Net asset value per share
outstanding $20.95
Market Value Summary
---------------------
Market price on NYSE Amex at
December 31 $19.17
High market price (period ended
December 31) $20.40
Low market price (period ended
December 31) $18.02
* For the period from the start of business, May 29, 2009 to December 31,
2009.
SOURCE Eaton Vance Management
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