Eaton Vance California Municipal Income Trust Report of Earnings.BOSTON -- Eaton Vance Eaton Vance is an American financial services company headquartered in Boston, MA. It is traded on the New York Stock Exchange under the symbol EV.[1] At the end of the second quarter of the 2006 fiscal year, the company had assets under management of $118.8 billion. California Municipal Income Trust (AMEX AMEX See: American Stock Exchange :CEV CEV Crew Exploration Vehicle (NASA) CEV Contemporary English Version (Bible) CEV Confédération Européenne de Volleyball CEV Confederation Européenne de Volleyball ) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three and nine-month periods ended August 31, 2006. The Trust's fiscal year ends on November 30, 2006. For the three months ended August 31, 2006, the Trust had net investment income of $1,713,146 ($0.238 per common share). From this amount, the Trust paid dividends on preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. of $452,454 (equal to $0.063 for each common share), resulting in net investment income after the preferred dividends preferred dividend n. a payment of a corporation's profits to holders of preferred shares of stock. (See: preferred stock) of $1,260,692 or $0.175 per common share. The Trust's net investment income for the nine months ended August 31, 2006 was $5,200,785 ($0.724 per common share, before deduction of the preferred share dividends totaling $0.176 per common share), resulting in net investment income after the preferred dividends of $0.548 per common share. In comparison, for the three months ended August 31, 2005, the Trust had net investment income of $1,802,950 ($0.251 per common share). From this amount, the Trust paid dividends on preferred shares of $271,866 (equal to $0.037 for each common share), resulting in net investment income after the preferred dividends of $1,531,084, or $0.214 per common share. The Trust's net investment income for the nine months ended August 31, 2005 was $5,483,853 ($0.764 per common share, before deduction of the preferred share dividends totaling $0.106 per common share), resulting in net investment income after the preferred dividends of $0.658 per common share. Net realized and unrealized gains Unrealized Gain A profit that results from holding on to an asset rather than cashing it in and using the funds. Notes: Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain. for the three months ended August 31, 2006 were $2,772,734 ($0.388 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2006 were $4,151,249 ($0.578 per common share). In comparison, net realized and unrealized gains for the three months ended August 31, 2005 were $2,153,506 ($0.305 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2005 were $6,836,150 ($0.952 per common share). On August 31, 2006, net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. of the Trust applicable to common shares were $114,748,680. The net asset value per common share on August 31, 2006 was $15.98 based on 7,181,488 common shares outstanding. In comparison, on August 31, 2005, net assets of the Trust applicable to common shares were $114,788,643. The net asset value per common share on August 31, 2005 was $15.98 based on 7,181,488 common shares outstanding. The Trust is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp, which is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol EV. Eaton Vance and its affiliates had approximately $124.1 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of September 30, 2006. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Management at (800) 262-1122. [TABLE OMITTED] |
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