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
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the cloud for machine learning and data science applications?
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...