News Column

Eaton Vance Tax-Advantaged Dividend Income Fund Report Of Earnings

June 28, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), a diversified closed-end management investment company, announced the earnings of the Fund for the three months and the six months ended February 28, 2014. The Fund's fiscal year ends on August 31, 2014.

For the three months ended February 28, 2014, the Fund had net investment income of $53,031,380 ($0.728 per share). For the six months ended February 28, 2014, the Fund had net investment income of $66,161,736 ($0.908 per share). In comparison, for the three months ended February 28, 2013, the Fund had net investment income of $21,761,862 ($0.299 per share). For the six months ended February 28, 2013, the Fund had net investment income of $39,384,831 ($0.541 per share).

Net realized and unrealized gains for the three months ended February 28, 2014 were $26,235,172 ($0.355 per share) and net realized and unrealized gains for the six months ended February 28, 2014 were $148,035,209 ($2.027 per share). In comparison, net realized and unrealized gains for the three months ended February 28, 2013 were $76,938,933 ($1.054 per share) and net realized and unrealized gains for the six months ended February 28, 2013 were $90,747,312 ($1.244 per share).

On February 28, 2014, net assets of the Fund were $1,587,232,711. The net asset value per share on February 28, 2014 was $21.79 based on 72,835,900 shares outstanding. In comparison, on February 28, 2013, net assets of the Fund were $1,415,779,840. The net asset value per share on February 28, 2013 was $19.44 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 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 $285.9 billion in assets as of April 30, 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.

EATON VANCE TAX-ADVANTAGED DIVIDEND INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Keywords for this news article include: Finance, Eaton Vance Management.

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Source: Investment Weekly News


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