BOSTON, June 11, 2014 /PRNewswire/ -- Eaton Vance
Tax-Advantaged Dividend Income Fund (NYSE: EVT), a diversified
closed-end management investment company, today announced the
earnings of the Fund for the three months and the six months ended
February 28, 2014. The Fund's fiscal
year ends on August 31, 2014.
For the three months ended February 28,
2014, the Fund had net investment income of $53,031,380 ($0.728
per share). For the six months ended February 28, 2014, the Fund had net investment
income of $66,161,736 ($0.908 per share). In comparison, for the
three months ended February 28, 2013,
the Fund had net investment income of $21,761,862 ($0.299
per share). For the six months ended February 28, 2013, the Fund had net investment
income of $39,384,831 ($0.541 per share).
Net realized and unrealized gains for the three months ended
February 28, 2014
were $26,235,172 ($0.355 per
share) and net realized and unrealized gains for the six months
ended February 28, 2014 were
$148,035,209 ($2.027 per share). In comparison, net realized
and unrealized gains for the three months ended February 28, 2013 were $76,938,933 ($1.054
per share) and net realized and unrealized gains for the six months
ended February 28, 2013 were
$90,747,312 ($1.244 per share).
On February 28, 2014, net assets
of the Fund were $1,587,232,711. The
net asset value per share on February 28,
2014 was $21.79 based on
72,835,900 shares outstanding. In comparison, on February 28, 2013, net assets of the Fund were
$1,415,779,840. The net asset value
per share on February 28, 2013 was
$19.44 based on 72,835,900 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 $285.9 billion
in assets as of April 30, 2014
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's
long record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON VANCE
TAX-ADVANTAGED DIVIDEND INCOME FUND
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SUMMARY OF RESULTS
OF OPERATIONS
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(in thousands,
except per share amounts)
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Three Months
Ended
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Six Months
Ended
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February
28,
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February
28,
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February
28,
|
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February
28,
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2014
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2013
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2014
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2013
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Gross investment
income
|
|
|
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$
58,234
|
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$
27,034
|
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$
76,589
|
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$
49,998
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Operating
expenses
|
|
|
|
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(4,352)
|
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(4,138)
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(8,703)
|
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(8,208)
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Interest
expense
|
|
|
|
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(850)
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(1,134)
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(1,724)
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(2,405)
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Net investment
income
|
|
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$
53,032
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$
21,762
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$
66,162
|
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$
39,385
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Net realized and
unrealized gains (losses)
|
|
|
|
|
|
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on
investments
|
|
|
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$
26,235
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$
76,939
|
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$
148,035
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$
90,747
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Net increase
(decrease) in net assets
|
|
|
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from
operations
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$
79,267
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$
98,701
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$
214,197
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$
130,132
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|
|
|
|
|
|
|
|
|
|
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Earnings per Share
Outstanding
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|
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Gross investment
income
|
|
|
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$
0.800
|
|
$
0.371
|
|
$
1.052
|
|
$
0.686
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Operating
expenses
|
|
|
|
|
(0.059)
|
|
(0.056)
|
|
(0.119)
|
|
(0.112)
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Interest
expense
|
|
|
|
|
(0.013)
|
|
(0.016)
|
|
(0.025)
|
|
(0.033)
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Net investment
income
|
|
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$
0.728
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$
0.299
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$
0.908
|
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$
0.541
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Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
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on
investments
|
|
|
|
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$
0.355
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$
1.054
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$
2.027
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$
1.244
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Net increase
(decrease) in net assets
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|
|
|
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from
operations
|
|
|
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$
1.083
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$
1.353
|
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$
2.935
|
|
$
1.785
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|
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Net Asset Value at
February 28
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Net
assets
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$ 1,587,233
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$ 1,415,780
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Shares
outstanding
|
|
|
|
|
|
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72,836
|
|
72,836
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Net asset value per
share outstanding
|
|
|
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$
21.79
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$
19.44
|
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|
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Market Value
Summary
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Market price on NYSE
at February 28
|
|
|
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$
19.46
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$
18.40
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High market price
(period ended February 28)
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|
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$
19.46
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$
18.46
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Low market price
(period ended February 28)
|
|
|
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$
17.59
|
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$
15.96
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SOURCE Eaton Vance Management