Eaton Vance Tax-Advantaged Bond and Option Strategies Fund Report of Earnings
BOSTON, March 3, 2011 /PRNewswire/ -- Eaton Vance Tax-Advantaged Bond and Option Strategies Fund (NYSE: EXD) (the "Fund"), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months ended December 31, 2010 and for the period from the start of business, June 29, 2010, to December 31, 2010. The Fund's fiscal year ended on December 31, 2010.
For the three months ended December 31, 2010, the Fund had net investment income of $147,331 ($0.014 per common share). For the period from the start of business, June 29, 2010, to December 31, 2010, the Fund had net investment income of $169,155 ($0.016 per common share).
Net realized and unrealized losses for the three months ended December 31, 2010 were $4,730,631 ($0.453 per common share). Net realized and unrealized losses for the period from the start of business, June 29, 2010, to December 31, 2010 were $3,556,698 ($0.336 per common share).
On December 31, 2010, net assets of the Fund were $188,852,236. The net asset value per share on December 31, 2010 was $17.89 based on 10,556,552 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 $191.7 billion in assets as of January 31, 2011, 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 TAX-ADVANTAGED BOND AND OPTION STRATEGIES FUND |
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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 |
Period Ended |
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December 31, |
December 31,* |
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2010 |
2010 |
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Net investment income |
$ 147 |
$ 169 |
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Net realized and unrealized gains (losses) |
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on investments |
(4,731) |
(3,557) |
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Net increase (decrease) in net assets |
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from operations |
$ (4,584) |
$ (3,388) |
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Earnings per Share Outstanding |
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Net investment income |
$ 0.014 |
$ 0.016 |
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Net realized and unrealized gains (losses) |
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on investments |
(0.453) |
(0.336) |
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Net increase (decrease) in net assets |
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from operations |
$ (0.439) |
$ (0.320) |
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Net Asset Value at December 31 |
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Net assets |
$ 188,852 |
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Shares outstanding |
10,557 |
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Net asset value per share outstanding |
$ 17.89 |
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Market Value Summary |
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Market price on NYSE at December 31 |
$ 16.73 |
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High market price (period ended December 31) |
$ 20.80 |
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Low market price (period ended December 31) |
$ 16.63 |
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* For the period from the start of business, June 29, 2010 to December 31, 2010. |
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SOURCE Eaton Vance Management
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