Eaton Vance Massachusetts 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. Massachusetts Municipal Income Trust (AMEX AMEX See: American Stock Exchange :MMV MMV Medicines for Malaria Venture MMV Multimedia Victoria mmv Met Medewerking Van (Dutch: with the Cooperation Of) MMV Mobile Money Ventures, LLC (joint venture of SK Telecom and Citigroup) ) (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 $628,278 ($0.232 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 $177,114 (equal to $0.065 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 $451,164, or $0.167 per common share. The Trust's net investment income for the nine months ended August 31, 2006 was $1,900,843 ($0.701 per common share, before deduction of the preferred share dividends totaling $0.179 per common share), resulting in net investment income after the preferred dividends of $0.522 per common share. In comparison, for the three months ended August 31, 2005, the Trust had net investment income of $647,582 ($0.239 per common share). From this amount, the Trust paid dividends on preferred shares of $115,439 (equal to $0.042 for each common share), resulting in net investment income after the preferred dividends of $532,143, or $0.197 per common share. The Trust's net investment income for the nine months ended August 31, 2005 was $1,987,003 ($0.735 per common share, before deduction of the preferred share dividends totaling $0.104 per common share), resulting in net investment income after the preferred dividends of $0.631 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 $911,938 ($0.337 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2006 were $1,295,363 ($0.477 per common share). In comparison, net realized and unrealized gains for the three months ended August 31, 2005 were $245,421 ($0.081 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2005 were $1,855,618 ($0.686 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 $42,651,999. The net asset value per common share on August 31, 2006 was $15.72 based on 2,714,063 common shares outstanding. In comparison, on August 31, 2005, net assets of the Trust applicable to common shares were $42,632,438. The net asset value per common share on August 31, 2005 was $15.73 based on 2,710,931 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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