BOSTON, Dec. 15 /PRNewswire-FirstCall/ -- Eaton Vance Insured New York Municipal Bond Fund (NYSE Amex: ENX), a closed-end management investment company, today announced the earnings of the Fund for the three months ended September 30, 2009 and the year ended September 30, 2009. The Fund's fiscal year ended on September 30, 2009. For the three months ended September 30, 2009, the Fund had net investment income of $3,274,433 ($0.207 per common share). For the year ended September 30, 2009, the Fund had net investment income of $12,462,062 ($0.790 per common share). In comparison, for the three months ended September 30, 2008, the Fund had net investment income of $3,142,739 ($0.200 per common share). From this amount, the Fund paid dividends on preferred shares of $183,611 (equal to $0.011 for each common share), resulting in net investment income after the preferred dividends of $2,959,128 or $0.189 per common share. For the year ended September 30, 2008, the Fund had net investment income of $14,517,309 ($0.923 per common share), before deduction of the preferred share dividends of $3,390,786 ($0.215 per common share), resulting in net investment income after the preferred dividends of $11,126,523 or $0.708 per common share. Net realized and unrealized gains for the three months ended September 30, 2009 were $23,700,449 ($1.509 per common share) and net realized and unrealized gains for the year ended September 30, 2009 were $30,394,916 ($1.934 per common share). In comparison, net realized and unrealized losses for the three months ended September 30, 2008 were $30,667,342 ($1.949 per common share) and net realized and unrealized losses for the year ended September 30, 2008 were $49,593,397 ($3.152 per common share). On September 30, 2009, net assets of the Fund were $215,303,498. The net asset value per share on September 30, 2009 was $13.64 based on 15,788,711 shares outstanding. In comparison, on September 30, 2008, net assets of the Fund applicable to common shares were $183,643,224. The net asset value per share on September 30, 2008 was $11.65 based on 15,757,378 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 $154.9 billion in assets as of October 31, 2009, 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 http://www.eatonvance.com/ . EATON VANCE INSURED NEW YORK MUNICIPAL BOND FUND SUMMARY OF RESULTS OF OPERATIONS (in thousands, except per share amounts) Three Months Ended Year Ended September 30, September 30, ------------- ------------- 2009 2008 2009 2008 ---- ---- ---- ---- Net investment income $3,274 $3,142 $12,462 $14,517 Net realized and unrealized gains (losses) on investments 23,700 (30,677) 30,395 (49,593) Preferred dividends paid from net investment income (1) - (184) - (3,391) ------ ---- ------ ------ Net increase (decrease) in net assets from operations $26,974 $(27,719) $42,857 $(38,467) ======= ======== ======= ======== Earnings per Common Share Outstanding ------------------------------------- Net investment income $0.207 $0.200 $0.790 $0.923 Net realized and unrealized gains (losses) on investments 1.509 (1.949) 1.934 (3.152) Preferred dividends paid from net investment income (1) - (0.011) - (0.215) ----- ------ ----- ------ Net increase (decrease) in net assets from operations $1.716 $(1.760) $2.724 $(2.444) ====== ======= ====== ======= Net investment income $0.207 $0.200 $0.790 $0.923 Preferred dividends paid from net investment income (1) - (0.011) - (0.215) ----- ------ ----- ------ Net investment income after preferred dividends $0.207 $0.189 $0.790 $0.708 ====== ====== ====== ====== Net Asset Value at September 30 (Common Shares) ------------------------------- Net assets $215,303 $183,643 Shares outstanding 15,789 15,757 Net asset value per share outstanding $13.64 $11.65 Market Value Summary (Common Shares) ------------------------------------ Market price on NYSE Amex at September 30 $14.12 $10.98 High market price (period ended September 30) $14.12 $15.05 Low market price (period ended September 30) $7.21 $10.82 (1) Beginning in May 2008 through August 2008, the Fund redeemed in full each series of its Auction Preferred Shares. DATASOURCE: Eaton Vance Management CONTACT: Investor Contact for Eaton Vance Management, +800-262-1122 Web Site: http://www.eatonvance.com/

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