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Eaton Vance Enhanced Equity Income Fund II Report Of Earnings

2012-12-14 12:24 ET - News Release

BOSTON, Dec. 14, 2012 /PRNewswire/ -- Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS), a diversified closed-end investment company, today announced the earnings of the Fund for the three months and nine months ended September 30, 2012. The Fund's fiscal year ends on December 31, 2012.

For the three months ended September 30, 2012, the Fund had net investment income of $496,181 ($0.011 per common share). For the nine months ended September 30, 2012, the Fund had net investment income of $1,332,209 ($0.028 per common share). In comparison, for the three months ended September 30, 2011, the Fund had net investment income of $185,636 ($0.004 per common share). For the nine months ended September 30, 2011, the Fund had net investment income of $1,079,039 ($0.022 per common share). 

Net realized and unrealized gains for the three months ended September 30, 2012 were $29,305,939 ($0.605 per common share) and net realized and unrealized gains for the nine months ended September 30, 2012 were $73,315,104 ($1.512 per common share). In comparison, net realized and unrealized losses for the three months ended September 30, 2011 were $79,111,287 ($1.634 per common share) and net realized and unrealized losses for the nine months ended September 30, 2011 were $49,913,289 ($1.029 per common share).

On September 30, 2012, net assets of the Fund were $603,894,986. The net asset value per common share on September 30, 2012 was $12.49 based on 48,331,523 common shares outstanding. In comparison, on September 30, 2011, net assets of the Fund were $532,999,351. The net asset value per common share on September 30, 2011 was $10.99 based on 48,492,823 common 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 $199.5 billion in assets as of October 31, 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.

EATON VANCE ENHANCED EQUITY INCOME FUND II

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

































Three Months Ended


Nine Months Ended







September 30,


September 30,







2012


2011


2012


2011

Gross investment income




$            2,197


$            1,882


$            6,301


$            6,327

Operating expenses





(1,701)


(1,696)


(4,969)


(5,248)


Net investment income



$               496


$               186


$            1,332


$            1,079

Net realized and unrealized gains (losses)









  on investments





$          29,306


$        (79,111)


$          73,315


$        (49,913)


Net increase (decrease) in net assets









  from operations




$          29,802


$        (78,925)


$          74,647


$        (48,834)














Earnings per Common Share Outstanding









Gross investment income




$            0.046


$            0.039


$            0.130


$            0.130

Operating expenses





(0.035)


(0.035)


(0.102)


(0.108)


Net investment income 



$            0.011


$            0.004


$            0.028


$            0.022

Net realized and unrealized gains (losses)









  on investments





$            0.605


$           (1.634)


$            1.512


$           (1.029)


Net increase (decrease) in net assets









  from operations




$            0.616


$           (1.630)


$            1.540


$           (1.007)



























Net Asset Value at September 30 (Common Shares)









Net assets  








$        603,895


$        532,999


Shares outstanding 







48,332


48,493


Net asset value per share outstanding





$            12.49


$            10.99














Market Value Summary (Common Shares)










Market price on NYSE at September 30





$            11.08


$              9.86


High market price (period ended September 30)




$            11.24


$            12.67


Low market price (period ended September 30)




$            10.05


$              9.59

SOURCE Eaton Vance Management

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