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Eaton Vance Massachusetts Municipal Bond Fund Report of Earnings

 

BOSTON, March 12, 2012 /PRNewswire/ -- Eaton Vance Massachusetts Municipal Bond Fund (NYSE Amex: MAB) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months ended December 31, 2011.  The Fund's fiscal year ends on September 30, 2012.

For the three months ended December 31, 2011, the Fund had net investment income of $367,663 ($0.208 per common share). From this amount, the Fund paid dividends on preferred shares of $7,071 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $360,592, or $0.204 per common share. In comparison, for the three months ended December 31, 2010, the Fund had net investment income of $383,662 ($0.218 per common share).  From this amount, the Fund paid dividends on preferred shares of $14,726 (equal to $0.008 for each common share), resulting in net investment income after the preferred dividends of $368,936, or $0.210 per common share.

Net realized and unrealized gains for the three months ended December 31, 2011 were $485,721 ($0.275 per common share). In comparison, net realized and unrealized losses for the three months ended December 31, 2010 were $3,476,383 ($1.972 per common share).

On December 31, 2011, net assets of the Fund applicable to common shares were $25,614,013. The net asset value per common share on December 31, 2011 was $14.50 based on 1,766,074 common shares outstanding. In comparison, on December 31, 2010, net assets of the Fund applicable to common shares were $22,451,350.  The net asset value per common share on December 31, 2010 was $12.73 based on 1,763,237 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 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 $191.7 billion in assets as of January 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 MASSACHUSETTS MUNICIPAL BOND FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)








Three Months Ended


Three Months Ended



December 31,


December 31,



2011


2010

Net investment income

$                             368


$                             384

Net realized and unrealized gains (losses)




 on investments

486


(3,476)

Preferred dividends paid from net investment income

(7)


(15)


Net increase (decrease) in net assets





 from operations

$                             847


$                        (3,107)






Earnings per Common Share Outstanding




Net investment income

$                          0.208


$                          0.218

Net realized and unrealized gains (losses)




 on investments

0.275


(1.972)

Preferred dividends paid from net investment income

(0.004)


(0.008)


Net increase (decrease) in net assets





 from operations

$                          0.479


$                        (1.762)






Net investment income

$                          0.208


$                          0.218

Preferred dividends paid from net investment income

(0.004)


(0.008)

Net investment income after preferred dividends

$                          0.204


$                          0.210






Net Asset Value at December 31 (Common Shares)





Net assets

$                        25,614


$                        22,451


Shares outstanding

1,766


1,763


Net asset value per share outstanding

$                          14.50


$                          12.73






Market Value Summary (Common Shares)





Market price on NYSE Amex at December 31

$                          14.36


$                          12.91


High market price (period ended December 31)

$                          14.45


$                          15.30


Low market price (period ended December 31)

$                          13.57


$                          12.85



SOURCE Eaton Vance Management

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http://www.eatonvance.com