Eaton Vance New York Municipal Bond Fund II Report of Earnings

BOSTON, Sept. 8 /PRNewswire-FirstCall/ -- Eaton Vance New York Municipal Bond Fund II (NYSE Amex: NYH) (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, 2010. The Fund's fiscal year ends on September 30, 2010.

For the three months ended June 30, 2010, the Fund had net investment income of $542,607 ($0.212 per common share).  From this amount, the Fund paid dividends on preferred shares of $14,761 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $527,846, or $0.206 per common share. The Fund's net investment income for the nine months ended June 30, 2010 was $1,635,451 ($0.639 per common share, before deduction of the preferred share dividends totaling $0.016 per common share), resulting in net investment income after the preferred dividends of $0.623 per common share. In comparison, for the three months ended June 30, 2009, the Fund had net investment income of $564,308 ($0.221 per common share).  From this amount, the Fund paid dividends on preferred shares of $20,702 (equal to $0.008 for each common share), resulting in net investment income after the preferred dividends of $543,606, or $0.213 per common share. The Fund's net investment income for the nine months ended June 30, 2009 was $1,672,360 ($0.654 per common share, before deduction of the preferred share dividends totaling $0.059 per common share), resulting in net investment income after the preferred dividends of $0.595 per common share.

Net realized and unrealized losses for the three months ended June 30, 2010 were $336,179 ($0.137 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2010 were $2,037,917 ($0.796 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2009 were $2,635,403 ($1.038 per common share). The Fund's net realized and unrealized gains for the nine months ended June 30, 2009 were $545,655 ($0.213 per common share).

On June 30, 2010, net assets of the Fund applicable to common shares were $32,744,844.  The net asset value per common share on June 30, 2010 was $12.79 based on 2,560,228 common shares outstanding.  In comparison, on June 30, 2009, net assets of the Fund applicable to common shares were $30,075,574.  The net asset value per common share on June 30, 2009 was $11.76 based on 2,557,540 common shares outstanding.

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 $173.3 billion in assets as of July 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.

SOURCE Eaton Vance Management

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