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SOURCE Eaton Vance Management
BOSTON, March 8, 2013 /PRNewswire/ -- Eaton Vance National Municipal Opportunities Trust (NYSE: EOT) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three and nine-month periods ended December 31, 2012. The Trust's fiscal year ends on March 31, 2013.
For the three months ended December 31, 2012, the Trust had net investment income of $4,254,237 ($0.278 per common share). The Trust's net investment income for the nine months ended December 31, 2012 was $12,752,716 ($0.833 per common share). In comparison, for the three months ended December 31, 2011, the Trust had net investment income of $4,489,154 ($0.293 per common share). The Trust's net investment income for the nine months ended December 31, 2011 was $13,678,344 ($0.894 per common share).
Net realized and unrealized losses for the three months ended December 31, 2012 were $516,797 ($0.028 per common share). The Trust's net realized and unrealized gains for the nine months ended December 31, 2012 were $16,198,147 ($1.057 per common share). In comparison, net realized and unrealized gains for the three months ended December 31, 2011 were $1,647,473 ($0.104 per common share). The Trust's net realized and unrealized gains for the nine months ended December 31, 2011 were $23,040,017 ($1.506 per common share).
On December 31, 2012, net assets of the Trust were $348,195,340. The net asset value per share on December 31, 2012 was $22.72 based on 15,326.191 shares outstanding. In comparison, on December 31, 2011, net assets of the Trust were $318,801,434. The net asset value per share on December 31, 2011 was $20.84 based on 15,299,263 shares outstanding.
The Trust 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"). Trust portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end.
The Trust 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 $247.8 billion in assets as of January 31, 2013 offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.
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EATON VANCE NATIONAL MUNICIPAL OPPORTUNITIES TRUST
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SUMMARY OF RESULTS OF OPERATIONS
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(in thousands, except per share amounts)
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Three Months Ended
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Nine Months Ended
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December 31,
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December 31,
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2012
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2011
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2012
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2011
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Net investment income
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$ 4,254
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$ 4,489
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$ 12,753
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$ 13,678
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Net realized and unrealized gains (losses)
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on investments
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(517)
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1,647
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16,198
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23,040
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Net increase (decrease) in net assets
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from operations
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$ 3,737
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$ 6,136
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$ 28,951
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$ 36,718
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Earnings per Share Outstanding
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Net investment income
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$ 0.278
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$ 0.293
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$ 0.833
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$ 0.894
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Net realized and unrealized gains (losses)
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on investments
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(0.028)
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0.104
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1.057
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1.506
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Net increase (decrease) in net assets
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from operations
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$ 0.250
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$ 0.397
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$ 1.890
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$ 2.400
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Net Asset Value at December 31
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Net assets
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$348,195
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$318,801
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Shares outstanding
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15,326
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15,299
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Net asset value per share outstanding
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$22.72
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$20.84
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Market Value Summary
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Market price on NYSE at December 31
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$23.82
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$20.90
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High market price (period ended December 31)
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$24.92
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$21.15
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Low market price (period ended December 31)
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$21.28
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$18.17
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