Eaton Vance National Municipal Income Trust(1) Report of Earnings
13 August 2008 - 4:27AM
Business Wire
Eaton Vance National Municipal Income Trust (AMEX:FEV) (the
�Trust�), a closed-end management investment company, today
announced the earnings of the Trust for the three and six-month
periods ended May 31, 2008. The Trust�s fiscal year ends on
November 30, 2008. For the three months ended May 31, 2008, the
Trust had net investment income of $921,089 ($0.216 per common
share). From this amount, the Trust paid dividends on preferred
shares of $300,622 (equal to $0.070 for each common share),
resulting in net investment income after the preferred dividends of
$620,467, or $0.146 per common share. The Trust�s net investment
income for the six months ended May 31, 2008 was $1,937,753 ($0.455
per common share, before deduction of the preferred share dividends
totaling $0.151 per common share), resulting in net investment
income after the preferred dividends of $0.304 per common share. In
comparison, for the three months ended May 31, 2007, the Trust had
net investment income of $991,134 ($0.233 per common share). From
this amount, the Trust paid dividends on preferred shares of
$329,658 (equal to $0.077 for each common share), resulting in net
investment income after the preferred dividends of $661,476, or
$0.156 per common share. The Trust�s net investment income for the
six months ended May 31, 2007 was $2,009,139 ($0.472 per common
share, before deduction of the preferred share dividends totaling
$0.151 per common share), resulting in net investment income after
the preferred dividends of $0.321 per common share. Net realized
and unrealized gains for the three months ended May 31, 2008 were
$6,379,363 ($1.496 per common share). The Trust�s net realized and
unrealized losses for the six months ended May 31, 2008 were
$2,867,299 ($0.676 per common share). In comparison, net realized
and unrealized losses for the three months ended May 31, 2007 were
$1,144,267 ($0.275 per common share). The Trust�s net realized and
unrealized losses for the six months ended May 31, 2007 were
$1,350,294 ($0.323 per common share). On May 31, 2008, net assets
of the Trust applicable to common shares were $59,829,512. The net
asset value per common share on May 31, 2008 was $14.05 based on
4,257,408 common shares outstanding. In comparison, on May 31,
2007, net assets of the Trust applicable to common shares were
$65,870,658. The net asset value per common share on May 31, 2007
was $15.47 based on 4,257,408 common shares outstanding. The Trust
is managed by Eaton Vance Management, a subsidiary of Eaton Vance
Corp., which is listed on the New York Stock Exchange under the
symbol EV. Eaton Vance and its affiliates had approximately $156.7
billion in assets under management as of June 30, 2008. Eaton Vance
Management will make available periodic summary information
regarding portfolio investments. Those interested should call Eaton
Vance Management at (800) 262-1122. EATON VANCE NATIONAL MUNICIPAL
INCOME TRUST(1) SUMMARY OF RESULTS OF OPERATIONS (in thousands,
except per share amounts) � � � � � Three Months Ended Six Months
Ended May 31, May 31, 2008 2007 2008 2007 Net investment income $
921 $ 991 $ 1,938 $ 2,009 Net realized and unrealized gains
(losses) on investments 6,379 (1,144 ) (2,867 ) (1,350 ) Preferred
dividends paid � (301 ) � (330 ) � (644 ) � (644 ) Net increase
(decrease) in net assets from operations $ 6,999 � $ (483 ) $
(1,573 ) $ 15 � � Earnings per Common Share Outstanding Net
investment income $ 0.216 $ 0.233 $ 0.455 $ 0.472 Net realized and
unrealized gains (losses) on investments 1.496 (0.275 ) (0.676 )
(0.323 ) Preferred dividends paid � (0.070 ) � (0.077 ) � (0.151 )
� (0.151 ) Net increase (decrease) in net assets from operations $
1.642 � $ (0.119 ) $ (0.372 ) $ (0.002 ) � Net investment income $
0.216 $ 0.233 $ 0.455 $ 0.472 Preferred dividends paid � (0.070 ) �
(0.077 ) � (0.151 ) � (0.151 ) Net investment income after
preferred dividends $ 0.146 � $ 0.156 � $ 0.304 � $ 0.321 � � Net
Asset Value at May 31 (Common Shares) Net assets $ 59,830 $ 65,871
Shares outstanding 4,257 4,257 Net asset value per share
outstanding $ 14.05 $ 15.47 � Market Value Summary (Common Shares)
Market price on AMEX at May 31 $ 12.58 $ 14.38 High market price
(period ended May 31) $ 13.30 $ 14.50 Low market price (period
ended May 31) $ 11.63 $ 14.11 � (1) As of June 19, 2008, Eaton
Vance Florida Plus Municipal Income Trust changed its name to Eaton
Vance National Municipal Income Trust.
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