BOSTON, Feb. 14, 2014 /PRNewswire/ -- Eaton Vance
New Jersey Municipal Income Trust (NYSE MKT: EVJ) (the "Trust"), a
closed-end management investment company, today announced the
earnings of the Trust for the three months and year ended
November 30, 2013. The Trust's fiscal
year ended on November 30, 2013.
For the three months ended November 30,
2013, the Trust had net investment income of $886,350 ($0.189
per common share). From this amount, the Trust paid dividends
on preferred shares of $10,318 (equal
to $0.002 for each common share),
resulting in net investment income after the preferred dividends of
$876,032, or $0.187 per common share. The Trust's net
investment income for the year ended November 30, 2013 was $3,565,665 ($0.762
per common share, before deduction of the preferred share dividends
totaling $0.012 per common share),
resulting in net investment income after the preferred dividends of
$0.750 per common share. In
comparison, for the three months ended November 30, 2012, the Trust had net investment
income of $920,993 ($0.197 per common share). From this amount,
the Trust paid dividends on preferred shares of $23,622 (equal to $0.005 for each common share), resulting in net
investment income after the preferred dividends of $897,371, or $0.192
per common share. The Trust's net investment income for the year
ended November 30, 2012 was
$3,745,238 ($0.802 per common share, before deduction of the
preferred share dividends totaling $0.018 per common share), resulting in net
investment income after the preferred dividends of $0.784 per common share.
Net realized and unrealized gains for the three months ended
November 30, 2013 were $2,140,219 ($0.451
per common share). The Trust's net realized and unrealized losses
for the year ended November 30, 2013
were $8,351,798 ($1.792 per common share). In comparison, net
realized and unrealized gains for the three months ended
November 30, 2012 were $2,496,728 ($0.538
per common share). The Trust's net realized and unrealized gains
for the year ended November 30, 2012
were $8,311,248 ($1.783 per common share).
On November 30, 2013, net assets
of the Trust applicable to common shares were $60,652,567. The net asset value per common share
on November 30, 2013 was $12.96 based on 4,679,158 common shares
outstanding. In comparison, on November 30,
2012, net assets of the Trust applicable to common shares
were $69,134,975. The net asset value
per common share on November 30, 2012
was $14.79 based on 4,675,855 common
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 $283.3 billion
in assets as of December 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.
EATON VANCE NEW
JERSEY MUNICIPAL INCOME TRUST
|
SUMMARY OF RESULTS OF
OPERATIONS
|
(in thousands, except
per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Year Ended
|
|
|
November
30,
|
|
November
30,
|
|
|
2013
|
|
2012
|
|
2013
|
|
2012
|
Net investment
income
|
$
886
|
|
$
921
|
|
$
3,566
|
|
$
3,745
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
on investments
|
2,140
|
|
2,497
|
|
(8,352)
|
|
8,311
|
Preferred dividends
paid from net investment income
|
(10)
|
|
(24)
|
|
(58)
|
|
(85)
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from operations
|
$
3,016
|
|
$
3,394
|
|
$
(4,844)
|
|
$
11,971
|
|
|
|
|
|
|
|
|
|
Earnings per Common
Share Outstanding
|
|
|
|
|
|
|
|
Net investment
income
|
$
0.189
|
|
$
0.197
|
|
$
0.762
|
|
$
0.802
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
on investments
|
0.451
|
|
0.538
|
|
(1.792)
|
|
1.783
|
Preferred dividends
paid from net investment income
|
(0.002)
|
|
(0.005)
|
|
(0.012)
|
|
(0.018)
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from operations
|
$
0.638
|
|
$
0.730
|
|
$
(1.042)
|
|
$
2.567
|
|
|
|
|
|
|
|
|
|
Net investment
income
|
$
0.189
|
|
$
0.197
|
|
$
0.762
|
|
$
0.802
|
Preferred dividends
paid from net investment income
|
(0.002)
|
|
(0.005)
|
|
(0.012)
|
|
(0.018)
|
Net investment income
after preferred dividends
|
$
0.187
|
|
$
0.192
|
|
$
0.750
|
|
$
0.784
|
|
|
|
|
|
|
|
|
|
Net Asset Value at
November 30 (Common Shares)
|
|
|
|
|
|
|
|
|
Net
assets
|
|
|
|
|
$
60,653
|
|
$
69,135
|
|
Shares
outstanding
|
|
|
|
|
4,679
|
|
4,676
|
|
Net asset value per
share outstanding
|
|
|
|
|
$12.96
|
|
$14.79
|
|
|
|
|
|
|
|
|
|
Market Value Summary
(Common Shares)
|
|
|
|
|
|
|
|
|
Market Price on NYSE
MKT at November 30
|
|
|
|
|
$
11.44
|
|
$
16.38
|
|
High market price
(period ended November 30)
|
|
|
|
|
$
16.20
|
|
$
16.52
|
|
Low market price
(period ended November 30)
|
|
|
|
|
$
11.28
|
|
$
13.22
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOURCE Eaton Vance Management