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Eaton Vance Enhanced Equity Income Fund II Report Of Earnings

BOSTON, March 13, 2014 /PRNewswire/ -- Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months and year ended December 31, 2013. The Fund's fiscal year ended on December 31, 2013.

For the three months ended December 31, 2013, the Fund had net investment income of $423,322 ($0.010 per common share). For the year ended December 31, 2013, the Fund had net investment income of $2,515,591 ($0.053 per common share). In comparison, for the three months ended December 31, 2012, the Fund had net investment income of $846,533 ($0.017 per common share). For the year ended December 31, 2012, the Fund had net investment income of $2,178,742 ($0.045 per common share). 

Net realized and unrealized gains for the three months ended December 31, 2013 were $62,951,777 ($1.321 per common share) and net realized and unrealized gains for the year ended December 31, 2013 were $153,107,096 ($3.211 per common share). In comparison, net realized and unrealized losses for the three months ended December 31, 2012 were $15,035,429 ($0.317 per common share) and net realized and unrealized gains for the year ended December 31, 2012 were $58,279,675 ($1.195 per common share).

On December 31, 2013, net assets of the Fund were $675,296,947. The net asset value per common share on December 31, 2013 was $14.17 based on 47,655,123 common shares outstanding. In comparison, on December 31, 2012, net assets of the Fund were $572,036,334. The net asset value per common share on December 31, 2012 was $11.95 based on 47,862,923 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 $278.6 billion in assets as of January 31, 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 ENHANCED EQUITY INCOME FUND II

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

































Three Months Ended


Year Ended







December 31,


December 31,







2013


2012


2013


2012

Gross investment income




$            2,251


$            2,516


$            9,522


$            8,817

Operating expenses





(1,827)


(1,669)


(7,006)


(6,638)


Net investment income



$               424


$               847


$            2,516


$            2,179

Net realized and unrealized gains (losses)









  on investments





$          62,952


$        (15,035)


$        153,107


$          58,280


Net increase (decrease) in net assets









  from operations




$          63,376


$        (14,188)


$        155,623


$          60,459














Earnings per Common Share Outstanding









Gross investment income




$            0.048


$            0.052


$            0.200


$            0.182

Operating expenses





(0.038)


(0.035)


(0.147)


(0.137)


Net investment income 



$            0.010


$            0.017


$            0.053


$            0.045

Net realized and unrealized gains (losses)









  on investments





$            1.321


$           (0.317)


$            3.211


$            1.195


Net increase (decrease) in net assets









  from operations




$            1.331


$           (0.300)


$            3.264


$            1.240



























Net Asset Value at December 31 (Common Shares)









Net assets  








$        675,297


$        572,036


Shares outstanding 







47,655


47,863


Net asset value per share outstanding





$            14.17


$            11.95














Market Value Summary (Common Shares)










Market price on NYSE at December 31





$            12.99


$            10.44


High market price (period ended December 31)




$            13.08


$            11.25


Low market price (period ended December 31)




$            10.67


$            10.05

 

SOURCE Eaton Vance Management

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