Eaton Vance Ohio Municipal Income Trust Report of Earnings
29 Janeiro 2010 - 4:20PM
PR Newswire (US)
BOSTON, Jan. 29 /PRNewswire-FirstCall/ -- Eaton Vance Ohio
Municipal Income Trust (NYSE Amex: EVO) (the "Trust"), a closed-end
management investment company, today announced the earnings of the
Trust for the three months and year ended November 30, 2009. The
Trust's fiscal year ended on November 30, 2009. For the three
months ended November 30, 2009, the Trust had net investment income
of $641,979 ($0.227 per common share). From this amount, the Trust
paid dividends on preferred shares of $25,126 (equal to $0.009 for
each common share), resulting in net investment income after the
preferred dividends of $616,853, or $0.218 per common share. The
Trust's net investment income for the year ended November 30, 2009
was $2,673,784 ($0.945 per common share, before deduction of the
preferred share dividends totaling $0.055 per common share),
resulting in net investment income after the preferred dividends of
$0.890 per common share. In comparison, for the three months ended
November 30, 2008, the Trust had net investment income of $673,193
($0.238 per common share). From this amount, the Trust paid
dividends on preferred shares of $265,604 (equal to $0.093 for each
common share), resulting in net investment income after the
preferred dividends of $407,589, or $0.145 per common share. The
Trust's net investment income for the year ended November 30, 2008
was $2,719,400 ($0.961 per common share, before deduction of the
preferred share dividends totaling $0.303 per common share),
resulting in net investment income after the preferred dividends of
$0.658 per common share. Net realized and unrealized gains for the
three months ended November 30, 2009 were $1,656,913 ($0.586 per
common share). The Trust's net realized and unrealized gains for
the year ended November 30, 2009 were $8,413,089 ($2.974 per common
share). In comparison, net realized and unrealized losses for the
three months ended November 30, 2008 were $8,933,603 ($3.158 per
common share). The Trust's net realized and unrealized losses for
the year ended November 30, 2008 were $12,475,238 ($4.410 per
common share). On November 30, 2009, net assets of the Trust
applicable to common shares were $38,295,457. The net asset value
per common share on November 30, 2009 was $13.52 based on 2,833,026
common shares outstanding. In comparison, on November 30, 2008, net
assets of the Trust applicable to common shares were $29,562,955.
The net asset value per common share on November 30, 2008 was
$10.45 based on 2,829,304 common shares outstanding. 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 $163.1 billion in
assets as of December 31, 2009 offering individuals and
institutions a broad array of investment products 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 http://www.eatonvance.com/.
EATON VANCE OHIO MUNICIPAL INCOME TRUST SUMMARY OF RESULTS OF
OPERATIONS (in thousands, except per share amounts) Three Months
Ended Year Ended November 30, November 30, -------------
------------- 2009 2008 2009 2008 ---- ---- ---- ---- Net
investment income $642 $673 $2,674 $2,719 Net realized and
unrealized gains (losses) on investments 1,657 (8,934) 8,413
(12,475) Preferred dividends paid from net investment income (1)
(25) (266) (154) (859) --- ---- ---- ---- Net increase (decrease)
in net assets from operations $2,274 $(8,527) $10,933 $(10,615)
====== ======= ======= ======== Earnings per Common Share
Outstanding ------------------------------------- Net investment
income $0.227 $0.238 $0.945 $0.961 Net realized and unrealized
gains (losses) on investments 0.586 (3.158) 2.974 (4.410) Preferred
dividends paid from net investment income (1) (0.009) (0.093)
(0.055) (0.303) ------ ------ ------ ------ Net increase (decrease)
in net assets from operations $0.804 $(3.013) $3.864 $(3.752)
====== ======= ====== ======= Net investment income $0.227 $0.238
$0.945 $0.961 Preferred dividends paid from net investment income
(1) (0.009) (0.093) (0.055) (0.303) ------ ------ ------ ------ Net
investment income after preferred dividends $0.218 $0.145 $0.890
$0.658 ====== ====== ====== ====== Net Asset Value at November 30
(Common Shares) ---------------------------------------------- Net
assets $38,295 $29,563 Shares outstanding 2,833 2,829 Net asset
value per share outstanding $13.52 $10.45 Market Value Summary
(Common Shares) ------------------------------------ Market price
on NYSE Amex at November 30 $13.43 $8.55 High market price (period
ended November 30) $14.56 $13.73 Low market price (period ended
November 30) $7.63 $7.40 (1) During the years ended November 30,
2009 and November 30, 2008, the Trust made a partial redemption of
its preferred shares. DATASOURCE: Eaton Vance Management CONTACT:
Investors, Eaton Vance Management, +1-800-262-1122 Web Site:
http://www.eatonvance.com/
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