Eaton Vance Tax-Advantaged Bond and Option Strategies Fund Report Of Earnings

BOSTON, Sept. 16, 2013 /PRNewswire/ -- Eaton Vance Tax-Advantaged Bond and Option Strategies Fund (NYSE: EXD), a diversified closed-end investment company, today announced the earnings of the Fund for the three months and six months ended June 30, 2013. The Fund's fiscal year ends on December 31, 2013.

For the three months ended June 30, 2013, the Fund had net investment income of $203,705 ($0.020 per common share). For the six months ended June 30, 2013, the Fund had net investment income of $365,869 ($0.035 per common share). In comparison, for the three months ended June 30, 2012, the Fund had net investment income of $120,991 ($0.011 per common share). For the six months ended June 30, 2012, the Fund had net investment income of $168,834 ($0.016 per common share). 

Net realized and unrealized losses for the three months ended June 30, 2013 were $6,916,757 ($0.652 per common share) and net realized and unrealized losses for the six months ended June 30, 2013 were $11,066,186 ($1.045 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2012 were $7,625,293 ($0.714 per common share) and net realized and unrealized gains for the six months ended June 30, 2012 were $6,152,169 ($0.574 per common share).

On June 30, 2013, net assets of the Fund were $173,570,155. The net asset value per common share on June 30, 2013 was $16.43 based on 10,566,786 common shares outstanding. In comparison, on June 30, 2012, net assets of the Fund were $191,855,563. The net asset value per common share on June 30, 2012 was $18.17 based on 10,556,552 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 $268.8 billion in assets as of July 31, 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.

SOURCE Eaton Vance Management

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