Eaton Vance Pennsylvania Municipal Bond Fund Report Of Earnings

       Eaton Vance Pennsylvania Municipal Bond Fund Report Of Earnings

PR Newswire

BOSTON, Dec. 3, 2012

BOSTON, Dec. 3, 2012 /PRNewswire/ --Eaton Vance Pennsylvania Municipal Bond
Fund (NYSE MKT: EIP) (the "Fund"), a closed-end management investment company,
today announced the earnings of the Fund for the three months and year ended
September 30, 2012. The Fund's fiscal year ended on September 30, 2012.

For the three months ended September 30, 2012, the Fund had net investment
income of $607,952 ($0.206 per common share). From this amount, the Fund paid
dividends on preferred shares of $13,563 (equal to $0.005 for each common
share), resulting in net investment income after the preferred dividends of
$594,389, or $0.201 per common share. The Fund's net investment income for the
year ended September 30, 2012 was $2,450,492 ($0.829 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 $0.811 per
common share. In comparison, for the three months ended September 30, 2011,
the Fund had net investment income of $648,803 ($0.220 per common share).
From this amount, the Fund paid dividends on preferred shares of $11,806
(equal to $0.004 for each common share), resulting in net investment income
after the preferred dividends of $636,997, or $0.216 per common share. The
Fund's net investment income for the year ended September 30, 2011 was
$2,636,633 ($0.893 per common share, before deduction of the preferred share
dividends totaling $0.025 per common share), resulting in net investment
income after the preferred dividends of $0.868 per common share.

Net realized and unrealized gains for the three months ended September 30,
2012 were $1,382,213 ($0.468 per common share). The Fund's net realized and
unrealized gains for the year ended September 30, 2012 were $3,966,511 ($1.342
per common share). In comparison, net realized and unrealized gains for the
three months ended September 30, 2011 were $1,927,241 ($0.645 per common
share). The Fund's net realized and unrealized losses for the year ended
September 30, 2011 were $1,335,770 ($0.460 per common share).

On September 30, 2012, net assets of the Fund applicable to common shares were
$42,791,011. The net asset value per common share on September 30, 2012 was
$14.46 based on 2,958,606 common shares outstanding. In comparison, on
September 30, 2011, net assets of the Fund applicable to common shares were
$38,972,197. The net asset value per common share on September 30, 2011 was
$13.18 based on 2,956,067 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 $199.5 billion in assets as of October 31, 2012
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 PENNSYLVANIA MUNICIPAL BOND FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                                        Three Months Ended    Year Ended
                                        September 30,         September 30,
                                        2012       2011       2012     2011
Net investment income                   $      $      $     $   
                                        608       649       2,451    2,637
Net realized and unrealized gains
(losses)
 on investments                        1,383      1,927      3,967    (1,336)
Preferred dividends paid from net       (14)       (12)       (53)     (74)
investment income
    Net increase (decrease) in net
    assets
     from operations                   $       $       $     $   
                                        1,977      2,564      6,365    1,227
Earnings per Common Share Outstanding
Net investment income                  $       $       $     $   
                                        0.206      0.220      0.829    0.893
Net realized and unrealized gains
(losses)
 on investments                        0.468      0.645      1.342    (0.460)
Preferred dividends paid from net       (0.005)    (0.004)    (0.018)  (0.025)
investment income
    Net increase (decrease) in net
    assets
     from operations                   $       $       $     $   
                                        0.669      0.861      2.153    0.408
Net investment income                   $       $       $     $   
                                        0.206      0.220      0.829    0.893
Preferred dividends paid from net       (0.005)    (0.004)    (0.018)  (0.025)
investment income
Net investment income after preferred   $       $       $     $   
dividends                               0.201      0.216      0.811    0.868
Net Asset Value at September 30 (Common
Shares)
    Net assets                                               $      $  
                                                              42,791   38,972
    Shares outstanding                                       2,959    2,956
    Net asset value per share                                 $     $   
    outstanding                                               14.46    13.18
Market Value Summary (Common Shares)
    Market price on NYSE MKT at                               $     $   
    September 30                                              15.78    13.03
    High market price (period ended                           $     $   
    September 30)                                             15.99    14.49
    Low market price (period ended                            $     $   
    September 30)                                             12.50    11.06



SOURCE Eaton Vance Management

Website: http://www.eatonvance.com
Contact: Investor Contact, 1-800-262-1122
 
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