From the Wires
Eaton Vance Tax-Advantaged Dividend Income Fund Report Of Earnings
Nov. 12, 2012 10:11 AM
BOSTON, Nov. 12, 2012 /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 year ended August 31, 2012. The Fund's fiscal year ends on August 31, 2012.
For the three months ended August 31, 2012, the Fund had net investment income of $18,855,650 ($0.259 per share). For the year ended August 31, 2012, the Fund had net investment income of $87,523,920 ($1.202 per share). In comparison, for the three months ended August 31, 2011, the Fund had net investment income of $14,174,869 ($0.195 per share). For the year ended August 31, 2011, the Fund had net investment income of $98,602,847 ($1.354 per share).
Net realized and unrealized gains for the three months ended August 31, 2012 were $102,224,690 ($1.407 per share) and net realized and unrealized gains for the year ended August 31, 2012 were $116,874,213 ($1.608 per share). In comparison, net realized and unrealized losses for the three months ended August 31, 2011 were $178,778,271 ($2.455 per share) and net realized and unrealized gains for the year ended August 31, 2011 were $55,825,270 ($0.766 per share).
On August 31, 2012, net assets of the Fund were $1,332,626,852. The net asset value per share on August 31, 2012 was $18.30 based on 72,835,900 shares outstanding. In comparison, on August 31, 2011, net assets of the Fund were $1,222,187,029. The net asset value per share on August 31, 2011 was $16.78 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 calendar quarter-end are also posted to the website approximately 30 days following quarter-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 $198.2 billion in assets as of September 30, 2012 offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.
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EATON VANCE TAX-ADVANTAGED DIVIDEND INCOME FUND
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SUMMARY OF RESULTS OF OPERATIONS
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(in thousands, except per share amounts)
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Three Months Ended
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Year Ended
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August 31,
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August 31,
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2012
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2011
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2012
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2011
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Gross investment income
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$ 20,377
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$ 19,220
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$ 108,777
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$ 118,305
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Operating expenses
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(112)
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(3,849)
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(15,563)
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(14,909)
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Interest expense
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(1,409)
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(1,196)
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(5,690)
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(4,793)
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Net investment income
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$ 18,856
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$ 14,175
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$ 87,524
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$ 98,603
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Net realized and unrealized gains (losses)
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on investments
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$ 102,224
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$ (178,778)
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$ 116,874
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$ 55,825
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Net increase (decrease) in net assets
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from operations
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$ 121,080
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$ (164,603)
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$ 204,398
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$ 154,428
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Earnings per Share Outstanding
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Gross investment income
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$ 0.279
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$ 0.264
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$ 1.493
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$ 1.624
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Operating expenses
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(0.001)
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(0.052)
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(0.213)
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(0.204)
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Interest expense
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(0.019)
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(0.017)
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(0.078)
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(0.066)
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Net investment income
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$ 0.259
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$ 0.195
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$ 1.202
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$ 1.354
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Net realized and unrealized gains (losses)
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on investments
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$ 1.407
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$ (2.455)
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$ 1.608
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$ 0.766
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Net increase (decrease) in net assets
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from operations
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$ 1.666
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$ (2.260)
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$ 2.810
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$ 2.120
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Net Asset Value at August 31
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Net assets
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$ 1,332,627
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$ 1,222,187
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Shares outstanding
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72,836
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72,836
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Net asset value per share outstanding
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$ 18.30
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$ 16.78
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Market Value Summary
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Market price on NYSE at August 31
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$ 16.60
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$ 15.16
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High market price (period ended August 31)
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$ 16.97
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$ 18.13
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Low market price (period ended August 31)
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$ 13.19
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$ 13.82
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SOURCE Eaton Vance Tax-Advantaged Dividend Income Fund
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