BOSTON, May 21, 2012 /PRNewswire/ --Eaton Vance Ohio Municipal Income Trust (NYSE MKT: EVO) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three months ended February 29, 2012. The Trust's fiscal year ends on November 30, 2012.
For the three months ended February 29, 2012, the Trust had net investment income of $573,555 ($0.201 per common share). From this amount, the Trust paid dividends on preferred shares of $10,090 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $563,465, or $0.197 per common share. In comparison, for the three months ended February 28, 2011, the Trust had net investment income of $613,738 ($0.216 per common share). From this amount, the Trust paid dividends on preferred shares of $24,515 (equal to $0.009 for each common share), resulting in net investment income after the preferred dividends of $589,223, or $0.207 per common share.
Net realized and unrealized gains for the three months ended February 29, 2012 were $3,968,519 ($1.390 per common share). In comparison, net realized and unrealized losses for the three months ended February 28, 2011 were $2,094,134 ($0.736 per common share).
On February 29, 2012, net assets of the Trust applicable to common shares were $42,327,732. The net asset value per common share on February 29, 2012 was $14.82 based on 2,855,801 common shares outstanding. In comparison, on February 28, 2011, net assets of the Trust applicable to common shares were $35,372,962. The net asset value per common share on February 28, 2011 was $12.42 based on 2,848,936 common shares outstanding.
The Trust 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"). Trust portfolio holdings for the most recent calendar quarter-end are also posted to the website approximately 30 days following quarter-end.
The Trust 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 $197.5 billion in assets as of April 30, 2012, 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 OHIO MUNICIPAL INCOME TRUST | ||||||||
SUMMARY OF RESULTS OF OPERATIONS | ||||||||
(in thousands, except per share amounts) | ||||||||
Three Months Ended | Three Months Ended | |||||||
February 29, | February 28, | |||||||
2012 | 2011 | |||||||
Net investment income | $ 574 | $ 614 | ||||||
Net realized and unrealized gains (losses) | ||||||||
on investments | 3,969 | (2,094) | ||||||
Preferred dividends paid from net investment income | (10) | (25) | ||||||
Net increase (decrease) in net assets | ||||||||
from operations | $ 4,533 | $ (1,505) | ||||||
Earnings per Common Share Outstanding | ||||||||
Net investment income | $ 0.201 | $ 0.216 | ||||||
Net realized and unrealized gains (losses) | ||||||||
on investments | 1.390 | (0.736) | ||||||
Preferred dividends paid from net investment income | (0.004) | (0.009) | ||||||
Net increase (decrease) in net assets | ||||||||
from operations | $ 1.587 | $ (0.529) | ||||||
Net investment income | $ 0.201 | $ 0.216 | ||||||
Preferred dividends paid from net investment income | (0.004) | (0.009) | ||||||
Net investment income after preferred dividends | $ 0.197 | $ 0.207 | ||||||
Net Asset Value at February 29/28 (Common Shares) | ||||||||
Net assets | $42,328 | $35,373 | ||||||
Shares outstanding | 2,856 | 2,849 | ||||||
Net asset value per share outstanding | $14.82 | $12.42 | ||||||
Market Value Summary (Common Shares) | ||||||||
Market price on NYSE MKT at February 29/28 | $14.54 | $12.98 | ||||||
High market price (period ended February 29/28) | $15.15 | $13.57 | ||||||
Low market price (period ended February 29/28) | $13.31 | $11.40 | ||||||
SOURCE Eaton Vance Management
