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Eaton Vance New Jersey Municipal Bond Fund Report of Earnings

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BOSTON, Oct. 2, 2013 /PRNewswire/ -- Eaton Vance New Jersey Municipal Bond Fund (NYSE MKT: EMJ) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and nine-month periods ended June 30, 2013.  The Fund's fiscal year ends on September 30, 2013.

For the three months ended June 30, 2013, the Fund had net investment income of $474,220 ($0.181 per common share).  From this amount, the Fund paid dividends on preferred shares of $11,842 (equal to $0.005 for each common share), resulting in net investment income after the preferred dividends of $462,378, or $0.176 per common share. The Fund's net investment income for the nine months ended June 30, 2013 was $1,482,296 ($0.568 per common share, before deduction of the preferred share dividends totaling $0.013 per common share), resulting in net investment income after the preferred dividends of $0.555 per common share. In comparison, for the three months ended June 30, 2012, the Fund had net investment income of $540,742 ($0.209 per common share).  From this amount, the Fund paid dividends on preferred shares of $15,473 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $525,269, or $0.203 per common share. The Fund's net investment income for the nine months ended June 30, 2012 was $1,605,773 ($0.619 per common share, before deduction of the preferred share dividends totaling $0.014 per common share), resulting in net investment income after the preferred dividends of $0.605 per common share.

Net realized and unrealized losses for the three months ended June 30, 2013 were $2,909,237 ($1.117 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2013 were $3,413,591 ($1.309 per common share). In comparison, net realized and unrealized gains for the three months ended June 30, 2012 were $132,552 ($0.055 per common share). The Fund's net realized and unrealized gains for the nine months ended June 30, 2012 were $2,425,868 ($0.935 per common share).

On June 30, 2013, net assets of the Fund applicable to common shares were $34,785,107. The net asset value per common share on June 30, 2013 was $13.33 based on 2,608,910 common shares outstanding.  In comparison, on June 30, 2012, net assets of the Fund applicable to common shares were $36,685,012. The net asset value per common share on June 30, 2012 was $14.10 based on 2,602,292 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 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 $268.8 billion in assets as of July 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 BOND FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

June 30,

June 30,

2013

2012

2013

2012

Net investment income

$       474

$       541

$    1,482

$    1,606

Net realized and unrealized gains (losses)

  on investments

(2,909)

133

(3,414)

2,426

Preferred dividends paid from net investment income

(12)

(15)

(33)

(36)

Net increase (decrease) in net assets

  from operations

$  (2,447)

$       659

$  (1,965)

$    3,996

Earnings per Common Share Outstanding

Net investment income 

$    0.181

$    0.209

$    0.568

$    0.619

Net realized and unrealized gains (losses)

  on investments

(1.117)

0.055

(1.309)

0.935

Preferred dividends paid from net investment income

(0.005)

(0.006)

(0.013)

(0.014)

Net increase (decrease) in net assets

  from operations

$  (0.941)

$    0.258

$  (0.754)

$    1.540

Net investment income

$    0.181

$    0.209

$    0.568

$    0.619

Preferred dividends paid from net investment income

(0.005)

(0.006)

(0.013)

(0.014)

Net investment income after preferred dividends

$    0.176

$    0.203

$    0.555

$    0.605

Net Asset Value at June 30 (Common Shares)

Net assets 

$34,785

$36,685

Shares outstanding 

2,609

2,602

Net asset value per share outstanding

$13.33

$14.10

Market Value Summary (Common Shares)

Market price on NYSE MKT at June 30

$12.59

$14.92

High market price (period ended June 30)

$16.40

$15.60

Low market price (period ended June 30)

$12.24

$13.17

SOURCE Eaton Vance Management

RELATED LINKShttp://www.eatonvance.com

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