Eaton Vance Insured Ohio Municipal Bond Fund Report of Earnings
December 15 2009 - 11:30AM
PR Newswire (US)
BOSTON, Dec. 15 /PRNewswire-FirstCall/ -- Eaton Vance Insured Ohio
Municipal Bond Fund (NYSE Amex: EIO) (the "Fund"), a closed-end
management investment company, today announced the earnings of the
Fund for the three months and year ended September 30, 2009. The
Fund's fiscal year ended on September 30, 2009. For the three
months ended September 30, 2009, the Fund had net investment income
of $534,733 ($0.212 per common share). From this amount, the Fund
paid dividends on preferred shares of $20,613 (equal to $0.008 for
each common share), resulting in net investment income after the
preferred dividends of $514,120, or $0.204 per common share. The
Fund's net investment income for the year ended September 30, 2009
was $2,130,212 ($0.846 per common share, before deduction of the
preferred share dividends totaling $0.101 per common share),
resulting in net investment income after the preferred dividends of
$0.745 per common share. In comparison, for the three months ended
September 30, 2008, the Fund had net investment income of $578,821
($0.230 per common share). From this amount, the Fund paid
dividends on preferred shares of $190,531 (equal to $0.075 for each
common share), resulting in net investment income after the
preferred dividends of $388,290, or $0.155 per common share. The
Fund's net investment income for the year ended September 30, 2008
was $2,382,011 ($0.948 per common share, before deduction of the
preferred share dividends totaling $0.298 per common share),
resulting in net investment income after the preferred dividends of
$0.650 per common share. Net realized and unrealized gains for the
three months ended September 30, 2009 were $4,379,536 ($1.741 per
common share). The Fund's net realized and unrealized gains for the
year ended September 30, 2009 were $4,005,890 ($1.592 per common
share). In comparison, net realized and unrealized losses for the
three months ended September 30, 2008 were $5,198,838 ($2.075 per
common share). The Fund's net realized and unrealized losses for
the year ended September 30, 2008 were $9,194,214 ($3.665 per
common share). On September 30, 2009, net assets of the Fund
applicable to common shares were $32,710,107. The net asset value
per common share on September 30, 2009 was $12.98 based on
2,519,783 common shares outstanding. In comparison, on September
30, 2008, net assets of the Fund applicable to common shares were
$28,494,621. The net asset value per common share on September 30,
2008 was $11.33 based on 2,513,872 common shares outstanding. The
Funds are 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 $154.9
billion in assets as of October 31, 2009 offering individuals and
institutions a broad array of investment products 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 http://www.eatonvance.com/.
EATON VANCE INSURED OHIO MUNICIPAL BOND FUND SUMMARY OF RESULTS OF
OPERATIONS (in thousands, except per share amounts) Three Months
Ended Year Ended September 30, September 30, -------------
------------- 2009 2008 2009 2008 ---- ---- ---- ---- Net
investment income $535 $579 $2,130 $2,382 Net realized and
unrealized gains (losses) on investments 4,380 (5,199) 4,006
(9,194) Preferred dividends paid from net investment income (1)
(21) (191) (255) (750) --- ---- ---- ---- Net increase (decrease)
in net assets from operations $4,894 $(4,811) $5,881 $(7,562)
====== ======= ====== ======= Earnings per Common Share Outstanding
------------------------------------- Net investment income $0.212
$0.230 $0.846 $0.948 Net realized and unrealized gains (losses) on
investments 1.741 (2.075) 1.592 (3.665) Preferred dividends paid
from net investment income (1) (0.008) (0.075) (0.101) (0.298)
------ ------ ------ ------ Net increase (decrease) in net assets
from operations $1.945 $(1.920) $2.337 $(3.015) ====== =======
====== ======= Net investment income $0.212 $0.230 $0.846 $0.948
Preferred dividends paid from net investment income (1) (0.008)
(0.075) (0.101) (0.298) ------ ------ ------ ------ Net investment
income after preferred dividends (1) $0.204 $0.155 $0.745 $0.650
====== ====== ====== ====== Net Asset Value at September 30 (Common
Shares) ------------------------------- Net assets $32,710 $28,495
Shares outstanding 2,520 2,514 Net asset value per share
outstanding $12.98 $11.33 Market Value Summary (Common Shares)
------------------------------------ Market price on NYSE Amex at
September 30 $13.25 $11.25 High market price (period ended
September 30) $13.90 $14.40 Low market price (period ended
September 30) $6.70 $11.25 (1) During the year ended September 30,
2009, the Fund made a partial redemption of its preferred shares.
DATASOURCE: Eaton Vance Management CONTACT: Investors, Eaton Vance
Management, +1-800-262-1122 Web Site: http://www.eatonvance.com/
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