BOSTON, Feb. 21, 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 ended November 30, 2013. The Fund's fiscal year ends on
August 31, 2014.
For the three months ended November 30,
2013, the Fund had net investment income of $13,130,356 ($0.180
per share). In comparison, for the three months ended November 30, 2012, the Fund had net investment
income of $17,622,969 ($0.242 per share).
Net realized and unrealized gains for the three months ended
November 30, 2013 were $121,800,037 ($1.672 per share). In comparison, net realized
and unrealized gains for the three months ended November 30, 2012 were $13,808,379 ($0.190
per share).
On November 30, 2013, net assets
of the Fund were $1,531,455,830. The
net asset value per share on November 30,
2013 was $21.03 based on
72,835,900 shares outstanding. In comparison, on November 30, 2012, net assets of the Fund were
$1,340,568,622. The net asset value
per share on November 30, 2012 was
$18.41 based on 72,835,899 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 $278.6 billion
in assets as of January 31, 2014,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's
long record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON VANCE
TAX-ADVANTAGED DIVIDEND INCOME FUND
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SUMMARY OF RESULTS
OF OPERATIONS
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(in thousands,
except per share amounts)
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Three Months
Ended
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November
30,
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2013
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2012
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Gross investment
income
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$
18,355
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$
22,964
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Operating
expenses
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(4,351)
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(4,070)
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Interest
expense
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(874)
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(1,271)
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Net investment
income
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$
13,130
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$
17,623
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Net realized and
unrealized gains (losses)
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on
investments
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$
121,800
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$
13,808
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Net increase
(decrease) in net assets
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from
operations
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$
134,930
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$
31,431
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Earnings per Common
Share Outstanding
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Gross investment
income
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$
0.252
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$
0.315
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Operating
expenses
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(0.060)
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(0.056)
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Interest
expense
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(0.012)
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(0.017)
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Net investment
income
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$
0.180
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$
0.242
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Net realized and
unrealized gains (losses)
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on
investments
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$
1.672
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$
0.190
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Net increase
(decrease) in net assets
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from
operations
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$
1.852
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$
0.432
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Net investment
income
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$
0.180
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$
0.242
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Net Asset Value at
November 30 (Common Shares)
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Net assets
(000)
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$
1,531,456
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$
1,340,569
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Shares outstanding
(000)
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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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$
21.03
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$
18.41
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Market Value Summary
(Common Shares)
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Market price on NYSE
at November 30
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$
18.72
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$
16.90
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High market price
(period ended November 30)
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$
18.77
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$
17.63
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Low market price
(period ended November 30)
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$
17.59
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$
15.96
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SOURCE Eaton Vance Management