Welcome!

News Feed Item

Eaton Vance New Jersey Municipal Income Trust Report of Earnings

BOSTON, Feb. 14, 2014 /PRNewswire/ -- Eaton Vance New Jersey Municipal Income Trust (NYSE MKT: EVJ) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three months and year ended November 30, 2013. The Trust's fiscal year ended on November 30, 2013.

For the three months ended November 30, 2013, the Trust had net investment income of $886,350 ($0.189 per common share).  From this amount, the Trust paid dividends on preferred shares of $10,318 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $876,032, or $0.187 per common share. The Trust's net investment income for the year ended November 30, 2013 was $3,565,665 ($0.762 per common share, before deduction of the preferred share dividends totaling $0.012 per common share), resulting in net investment income after the preferred dividends of $0.750 per common share. In comparison, for the three months ended November 30, 2012, the Trust had net investment income of $920,993 ($0.197 per common share).  From this amount, the Trust paid dividends on preferred shares of $23,622 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $897,371, or $0.192 per common share. The Trust's net investment income for the year ended November 30, 2012 was $3,745,238 ($0.802 per common share, before deduction of the preferred share dividends totaling $0.018 per common share), resulting in net investment income after the preferred dividends of $0.784 per common share. 

Net realized and unrealized gains for the three months ended November 30, 2013 were $2,140,219 ($0.451 per common share). The Trust's net realized and unrealized losses for the year ended November 30, 2013 were $8,351,798 ($1.792 per common share). In comparison, net realized and unrealized gains for the three months ended November 30, 2012 were $2,496,728 ($0.538 per common share). The Trust's net realized and unrealized gains for the year ended November 30, 2012 were $8,311,248 ($1.783 per common share).

On November 30, 2013, net assets of the Trust applicable to common shares were $60,652,567. The net asset value per common share on November 30, 2013 was $12.96 based on 4,679,158 common shares outstanding. In comparison, on November 30, 2012, net assets of the Trust applicable to common shares were $69,134,975. The net asset value per common share on November 30, 2012 was $14.79 based on 4,675,855 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 month-end are also posted to the website approximately 30 days following month-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 $283.3 billion in assets as of December 31, 2013, 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 NEW JERSEY MUNICIPAL INCOME TRUST

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended


Year Ended



November 30, 


November 30, 



2013


2012


2013


2012

Net investment income

$        886


$        921


$     3,566


$     3,745

Net realized and unrealized gains (losses)








  on investments

2,140


2,497


(8,352)


8,311

Preferred dividends paid from net investment income

(10)


(24)


(58)


(85)


Net increase (decrease) in net assets









  from operations

$     3,016


$     3,394


$   (4,844)


$   11,971










Earnings per Common Share Outstanding








Net investment income

$     0.189


$     0.197


$     0.762


$     0.802

Net realized and unrealized gains (losses)








  on investments

0.451


0.538


(1.792)


1.783

Preferred dividends paid from net investment income

(0.002)


(0.005)


(0.012)


(0.018)


Net increase (decrease) in net assets









  from operations

$     0.638


$     0.730


$   (1.042)


$     2.567










Net investment income

$     0.189


$     0.197


$     0.762


$     0.802

Preferred dividends paid from net investment income

(0.002)


(0.005)


(0.012)


(0.018)

Net investment income after preferred dividends

$     0.187


$     0.192


$     0.750


$     0.784










Net Asset Value at November 30 (Common Shares)









Net assets 





$   60,653


$   69,135


Shares outstanding 





4,679


4,676


Net asset value per share outstanding





$12.96


$14.79










Market Value Summary (Common Shares)









Market Price on NYSE MKT at November 30





$     11.44


$     16.38


High market price (period ended November 30)





$     16.20


$     16.52


Low market price (period ended November 30)





$     11.28


$     13.22



















 

SOURCE Eaton Vance Management

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...