Welcome!

News Feed Item

Eaton Vance Pennsylvania Municipal Income Trust Report Of Earnings

BOSTON, Aug. 14, 2014 /PRNewswire/ -- Eaton Vance Pennsylvania Municipal Income Trust (NYSE MKT: EVP) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three and six-month periods ended May 31, 2014.  The Trust's fiscal year ends on November 30, 2014.

For the three months ended May 31, 2014, the Trust had net investment income of $520,688 ($0.191 per common share).  From this amount, the Trust paid dividends on preferred shares of $7,106 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $513,582, or $0.189 per common share. The Trust's net investment income for the six months ended May 31, 2014 was $1,045,351 ($0.384 per common share, before deduction of the preferred share dividends totaling $0.004 per common share), resulting in net investment income after the preferred dividends of $0.380 per common share. In comparison, for the three months ended May 31, 2013, the Trust had net investment income of $506,049 ($0.186 per common share).  From this amount, the Trust paid dividends on preferred shares of $13,277 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $492,772, or $0.182 per common share. The Trust's net investment income for the six months ended May 31, 2013 was $1,013,454 ($0.373 per common share, before deduction of the preferred share dividends totaling $0.008 per common share), resulting in net investment income after the preferred dividends of $0.365 per common share. 

Net realized and unrealized gains for the three months ended May 31, 2014 were $1,387,385 ($0.512 per common share). The Trust's net realized and unrealized gains for the six months ended May 31, 2014 were $2,685,825 ($0.989 per common share). In comparison, net realized and unrealized losses for the three months ended May 31, 2013 were $1,033,626 ($0.387 per common share). The Trust's net realized and unrealized losses for the six months ended May 31, 2013 were $2,010,359 ($0.746 per common share).

On May 31, 2014, net assets of the Trust applicable to common shares were $37,398,544. The net asset value per common share on May 31, 2014 was $13.75 based on 2,720,414 common shares outstanding. In comparison, on May 31, 2013, net assets of the Trust applicable to common shares were $38,090,698. The net asset value per common share on May 31, 2013 was $14.00 based on 2,720,414 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 $288.2 billion in assets as of July 31, 2014, 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 PENNSYLVANIA MUNICIPAL INCOME TRUST


SUMMARY OF RESULTS OF OPERATIONS


(in thousands, except per share amounts)














Three Months Ended


Six Months Ended




May 31, 


May 31, 




2014


2013


2014


2013


Net investment income

$        521


$        506


$     1,045


$     1,013


Net realized and unrealized gains (losses)









  on investments

1,387


(1,034)


2,686


(2,010)


Preferred dividends paid from net investment income

(7)


(13)


(12)


(23)



Net increase (decrease) in net assets










  from operations

$     1,901


$       (541)


$     3,719


$   (1,020)












Earnings per Common Share Outstanding









Net investment income

$     0.191


$     0.186


$     0.384


$     0.373


Net realized and unrealized gains (losses)









  on investments

0.512


(0.387)


0.989


(0.746)


Preferred dividends paid from net investment income

(0.002)


(0.004)


(0.004)


(0.008)



Net increase (decrease) in net assets










  from operations

$     0.701


$   (0.205)


$     1.369


$   (0.381)












Net investment income

$     0.191


$     0.186


$     0.384


$     0.373


Preferred dividends paid from net investment income

(0.002)


(0.004)


(0.004)


(0.008)


Net investment income after preferred dividends

$     0.189


$     0.182


$     0.380


$     0.365












Net Asset Value at May 31 (Common Shares)










Net assets 





$37,399


$38,091



Shares outstanding 





2,720


2,720



Net asset value per share outstanding





$13.75


$14.00












Market Value Summary (Common Shares)










Market price on NYSE MKT at May 31





$12.68


$12.81



High market price (period ended May 31)





$12.84


$15.53



Low market price (period ended May 31)





$10.74


$12.81















 

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
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.
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.
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...
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...
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.
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. The IoT Global Network is a platform where you can connect with industry experts and network across the IoT community to build the successful IoT business of the future.
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...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Enterprises are universally struggling to understand where the new tools and methodologies of DevOps fit into their organizations, and are universally making the same mistakes. These mistakes are not unavoidable, and in fact, avoiding them gifts an organization with sustained competitive advantage, just like it did for Japanese Manufacturing Post WWII.
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
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.
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
Machine learning provides predictive models which a business can apply in countless ways to better understand its customers and operations. Since machine learning was first developed with flat, tabular data in mind, it is still not widely understood: when does it make sense to use graph databases and machine learning in combination? This talk tackles the question from two ends: classifying predictive analytics methods and assessing graph database attributes. It also examines the ongoing lifecycl...