Eaton Vance Tax-Advantaged Dividend Income Fund Report Of Earnings - Hawaii News Now - KGMB and KHNL

Eaton Vance Tax-Advantaged Dividend Income Fund Report Of Earnings

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SOURCE Eaton Vance Management

BOSTON, June 11, 2014 /PRNewswire/ -- Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months and the six months ended February 28, 2014. The Fund's fiscal year ends on August 31, 2014.

For the three months ended February 28, 2014, the Fund had net investment income of $53,031,380 ($0.728 per share). For the six months ended February 28, 2014, the Fund had net investment income of $66,161,736 ($0.908 per share).  In comparison, for the three months ended February 28, 2013, the Fund had net investment income of $21,761,862 ($0.299 per share). For the six months ended February 28, 2013, the Fund had net investment income of $39,384,831 ($0.541 per share). 

Net realized and unrealized gains for the three months ended February 28, 2014 were $26,235,172 ($0.355 per share) and net realized and unrealized gains for the six months ended February 28, 2014 were $148,035,209 ($2.027 per share). In comparison, net realized and unrealized gains for the three months ended February 28, 2013 were $76,938,933 ($1.054 per share) and net realized and unrealized gains for the six months ended February 28, 2013 were $90,747,312 ($1.244 per share).

On February 28, 2014, net assets of the Fund were $1,587,232,711. The net asset value per share on February 28, 2014 was $21.79 based on 72,835,900 shares outstanding. In comparison, on February 28, 2013, net assets of the Fund were $1,415,779,840. The net asset value per share on February 28, 2013 was $19.44 based on 72,835,900 shares outstanding.

The Fund 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"). Fund portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end.

The Fund 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 $285.9 billion in assets as of April 30, 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 TAX-ADVANTAGED  DIVIDEND INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)




















Three Months Ended


Six Months Ended







February 28,


February 28,


February 28,


February 28,







2014


2013


2014


2013

Gross investment income




$          58,234


$          27,034


$          76,589


$          49,998

Operating expenses





(4,352)


(4,138)


(8,703)


(8,208)

Interest expense





(850)


(1,134)


(1,724)


(2,405)


Net investment income



$          53,032


$          21,762


$          66,162


$          39,385

Net realized and unrealized gains (losses)









  on investments





$          26,235


$          76,939


$        148,035


$          90,747


Net increase (decrease) in net assets









  from operations




$          79,267


$          98,701


$        214,197


$        130,132














Earnings per Share Outstanding










Gross investment income




$            0.800


$            0.371


$            1.052


$            0.686

Operating expenses





(0.059)


(0.056)


(0.119)


(0.112)

Interest expense





(0.013)


(0.016)


(0.025)


(0.033)


Net investment income 



$            0.728


$            0.299


$            0.908


$            0.541

Net realized and unrealized gains (losses)









  on investments





$            0.355


$            1.054


$            2.027


$            1.244


Net increase (decrease) in net assets









  from operations




$            1.083


$            1.353


$            2.935


$            1.785



























Net Asset Value at February 28











Net assets  








$    1,587,233


$    1,415,780


Shares outstanding 







72,836


72,836


Net asset value per share outstanding





$            21.79


$            19.44














Market Value Summary 












Market price on NYSE at February 28





$            19.46


$            18.40


High market price (period ended February 28)





$            19.46


$            18.46


Low market price (period ended February 28)





$            17.59


$            15.96

 

 

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