Eaton Vance Tax-Advantaged Dividend Income Fund Report of Earnings
25 January 2006 - 3:00AM
Business Wire
Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), a
closed-end management investment company, today announced the
earnings of the Fund for the three months ended November 30, 2005.
The Fund's fiscal year ends on August 31, 2006. For the three
months ended November 30, 2005, the Fund had net investment income
of $26,917,326 ($0.370 per common share). From this amount, the
Fund paid dividends on preferred shares of $6,294,614 (equal to
$0.086 for each common share), resulting in net investment income
after the preferred dividends of $20,622,712 or $0.284 per common
share. In comparison, for the three months ended November 30, 2004,
the Fund had net investment income of $26,179,142 ($0.359 per
common share). From this amount, the Fund paid dividends on
preferred shares of $3,007,101 (equal to $0.041 for each common
share), resulting in net investment income after the preferred
dividends of $23,172,041 or $0.318 per common share. Net realized
and unrealized losses for the three months ended November 30, 2005
were $25,767,467 ($.354 per common share) In comparison, net
realized and unrealized gains for the three months ended November
30, 2004 were $131,336,940 ($1.803 per common share). On November
30, 2005, net assets applicable to common shares of the Fund were
$1,779,073,217. The net asset value per common share on November
30, 2005 was $24.43 based on 72,835,900 common shares outstanding.
In comparison, on November 30, 2004, net assets of the Fund were
$1,669,993,375. The net asset value per common share on November
30, 2004 was $22.93 based on 72,835,900 common shares outstanding.
The Fund 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 $112 billion in assets under management as of
December 31, 2005. Eaton Vance Management will make available
periodic summary information regarding portfolio investments. Those
interested should call Eaton Vance Marketing at (617) 482-8260. -0-
*T EATON VANCE TAX-ADVANTAGED DIVIDEND INCOME FUND SUMMARY OF
RESULTS OF OPERATIONS (in thousands, except per share amounts)
Three Months Three Months Ended Ended November 30, November 30,
------------- ------------ 2005 2004 ------------- ------------
Gross investment income $31,535 $30,594 Operating expenses 4,618
4,415 ------------- ------------ Net investment income $26,917
$26,179 Net realized and unrealized gains (losses) on investments
($25,767) $131,337 Preferred dividends paid (6,295) (3,007)
------------- ------------ Net increase (decrease) in net assets
from operations ($5,145) $154,509 ============= ============
Earnings per Common Share Outstanding
------------------------------------------ Gross investment income
$0.433 $0.420 Operating expenses 0.063 0.061 -------------
------------ Net investment income $0.370 $0.359 Net realized and
unrealized gains (losses) on investments ($0.354) $1.803 Preferred
dividends paid (0.086) (0.041) ------------- ------------ Net
increase (decrease) in net assets from operations $0.070 $2.121
============= ============ Net investment income $0.370 $0.359
Preferred dividends paid (0.086) (0.041) ------------- ------------
Net investment income after preferred dividends $0.284 $0.318
============= ============ Net Asset Value at November 30 (Common
Shares) ------------------------------------------- Net assets
(000) $1,779,073 $1,669,993 Shares outstanding (000) 72,836 72,836
Net asset value per share outstanding $24.43 $22.93 Market Value
Summary (Common Shares) ------------------------------------------
Market price on NYSE at November 30 $21.89 $20.49 High market price
(three months ended November 30) $22.35 $20.63 Low market price
(three months ended November 30) $20.56 $19.20 *T
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