Welcome!

News Feed Item

Eaton Vance Municipal Income Trust Report of Earnings

BOSTON, Feb. 14, 2014 /PRNewswire/ -- Eaton Vance Municipal Income Trust (NYSE: EVN) (the "Trust"), a diversified 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 $5,065,267 ($0.221 per common share). From this amount, the Trust paid dividends on preferred shares of $36,070 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $5,029,197, or $0.219 per common share. The Trust's net investment income for the year ended November 30, 2013 was $20,264,886 ($0.885 per common share, before deduction of the preferred share dividends totaling $0.009 per common share), resulting in net investment income after the preferred dividends of $0.876 per common share. In comparison, for the three months ended November 30, 2012, the Trust had net investment income of $5,221,575 ($0.229 per common share).  From this amount, the Trust paid dividends on preferred shares of $85,105 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $5,136,470 or $0.226 per common share. The Trust's net investment income for the year ended November 30, 2012 was $20,625,920 ($0.905 per common share, before deduction of the preferred share dividends totaling $0.013 per common share), resulting in net investment income after the preferred dividends of $0.892 per common share.

Net realized and unrealized gains for the three months ended November 30, 2013 were $13,591,523 ($0.592 per common share). The Trust's net realized and unrealized losses for the year ended November 30, 2013 were $63,312,304 ($2.778 per common share). In comparison, net realized and unrealized gains for the three months ended November 30, 2012 were $18,031,599 ($0.793 per common share). The Trust's net realized and unrealized gains for the year ended November 30, 2012 were $61,829,736 ($2.715 per common share).

On November 30, 2013, net assets of the Trust applicable to common shares were $246,294,973. The net asset value per common share on November 30, 2013 was $10.54 based on 23,362,186 common shares outstanding. In comparison, on November 30, 2012, net assets of the Trust applicable to common shares were $304,725,903.  The net asset value per common share on November 30, 2012 was $13.36 based on 22,804,327 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 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

$    5,065


$     5,222


$   20,265


$   20,626

Net realized and unrealized gains (losses)








  on investments

13,592


18,032


(63,312)


61,830

Preferred dividends paid from net investment income

(36)


(85)


(204)


(307)


Net increase (decrease) in net assets









  from operations

$  18,621


$   23,169


$ (43,251)


$   82,149










Earnings per Common Share Outstanding








Net investment income

$    0.221


$     0.229


$     0.885


$     0.905

Net realized and unrealized gains (losses)








  on investments

0.592


0.793


(2.778)


2.715

Preferred dividends paid from net investment income

(0.002)


(0.003)


(0.009)


(0.013)


Net increase (decrease) in net assets









  from operations

$    0.811


$     1.019


$   (1.902)


$     3.607










Net investment income

$    0.221


$     0.229


$     0.885


$     0.905

Preferred dividends paid from net investment income

(0.002)


(0.003)


(0.009)


(0.013)

Net investment income after preferred dividends

$    0.219


$     0.226


$     0.876


$     0.892










Net Asset Value at November 30 (Common Shares)









Net assets 





$  246,295


$  304,726


Shares outstanding 





23,362


22,804


Net asset value per share outstanding





$10.54


$13.36










Market Value Summary (Common Shares)









Market price on NYSE at November 30





$10.53


$14.31


High market price (period ended November 30)





$14.46


$14.44


Low market price (period ended November 30)





$10.00


$12.20

 

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
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.
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...
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.
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busi...
@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...
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.
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
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...
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
The now mainstream platform changes stemming from the first Internet boom brought many changes but didn’t really change the basic relationship between servers and the applications running on them. In fact, that was sort of the point. In his session at 18th Cloud Expo, Gordon Haff, senior cloud strategy marketing and evangelism manager at Red Hat, will discuss how today’s workloads require a new model and a new platform for development and execution. The platform must handle a wide range of rec...
CloudEXPO New York 2018, colocated with DXWorldEXPO 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.
For years the world's most security-focused and distributed organizations - banks, military/defense agencies, global enterprises - have sought to adopt cloud technologies that can reduce costs, future-proof against data growth, and improve user productivity. The challenges of cloud transformation for these kinds of secure organizations have centered around data security, migration from legacy systems, and performance. In our presentation, we will discuss the notion that cloud computing, properl...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of San...