BOSTON, Aug. 14, 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 nine months ended
May 31, 2014. The Fund's fiscal year
ends on August 31, 2014.
For the three months ended May 31,
2014, the Fund had net investment income of $25,210,374 ($0.346
per share). For the nine months ended May
31, 2014, the Fund had net investment income of $91,372,110 ($1.254
per share). In comparison, for the three months ended
May 31, 2013, the Fund had net
investment income of $43,250,436
($0.593 per share). For the nine
months ended May 31, 2013, the Fund
had net investment income of $82,635,267 ($1.134
per share).
Net realized and unrealized gains for the three months ended
May 31, 2014 were $43,234,428 ($0.599
per share) and net realized and unrealized gains for the nine
months ended May 31, 2014 were
$191,269,637 ($2.626 per share). In comparison, net realized
and unrealized gains for the three months ended May 31, 2013 were $49,271,094 ($0.678
per share) and net realized and unrealized gains for the nine
months ended May 31, 2013 were
$140,018,406 ($1.922 per share).
On May 31, 2014, net assets of the
Fund were $1,631,583,396. The net
asset value per share on May 31, 2014
was $22.40 based on 72,835,900 shares
outstanding. In comparison, on May 31,
2013, net assets of the Fund were $1,484,812,255. The net asset value per share on
May 31, 2013 was $20.39 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 $288.2 billion
in assets as of July 31, 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.
EATON VANCE
TAX-ADVANTAGED DIVIDEND INCOME FUND
|
SUMMARY OF RESULTS
OF OPERATIONS
|
(in thousands,
except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
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Three Months
Ended
|
|
Nine Months
Ended
|
|
|
|
|
|
|
May
31,
|
|
May
31,
|
|
May
31,
|
|
May
31,
|
|
|
|
|
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
Gross investment
income
|
|
|
|
$
30,738
|
|
$
48,447
|
|
$ 107,327
|
|
$
98,445
|
Operating
expenses
|
|
|
|
|
(4,668)
|
|
(4,283)
|
|
(13,371)
|
|
(12,491)
|
Interest
expense
|
|
|
|
|
(860)
|
|
(914)
|
|
(2,584)
|
|
(3,319)
|
|
Net investment
income
|
|
|
$
25,210
|
|
$
43,250
|
|
$ 91,372
|
|
$
82,635
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
|
on
investments
|
|
|
|
|
$
43,235
|
|
$
49,271
|
|
$ 191,270
|
|
$ 140,018
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
|
|
|
$
68,445
|
|
$
92,521
|
|
$
282,642
|
|
$
222,653
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per Share
Outstanding
|
|
|
|
|
|
|
|
|
|
Gross investment
income
|
|
|
|
$
0.422
|
|
$
0.666
|
|
$ 1.474
|
|
$
1.352
|
Operating
expenses
|
|
|
|
|
(0.065)
|
|
(0.060)
|
|
(0.184)
|
|
(0.172)
|
Interest
expense
|
|
|
|
|
(0.011)
|
|
(0.013)
|
|
(0.036)
|
|
(0.046)
|
|
Net investment
income
|
|
|
$
0.346
|
|
$
0.593
|
|
$ 1.254
|
|
$
1.134
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
|
on
investments
|
|
|
|
|
$
0.599
|
|
$
0.678
|
|
$ 2.626
|
|
$
1.922
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
|
|
|
$
0.945
|
|
$
1.271
|
|
$
3.880
|
|
$
3.056
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Net Asset Value at
May 31
|
|
|
|
|
|
|
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Net
assets
|
|
|
|
|
|
|
|
$ 1,631,583
|
|
$ 1,484,812
|
|
Shares
outstanding
|
|
|
|
|
|
|
72,836
|
|
72,836
|
|
Net asset value per
share outstanding
|
|
|
|
|
$ 22.40
|
|
$
20.39
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market Value
Summary
|
|
|
|
|
|
|
|
|
|
|
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Market price on NYSE
at May 31
|
|
|
|
|
|
$ 20.33
|
|
$
18.82
|
|
High market price
(period ended May 31)
|
|
|
|
|
$ 20.33
|
|
$
20.16
|
|
Low market price
(period ended May 31)
|
|
|
|
|
$ 17.59
|
|
$
15.96
|
|
|
|
|
|
|
|
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SOURCE Eaton Vance Management