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Eaton Vance Ohio Municipal Bond Fund Report of Earnings



           Eaton Vance Ohio Municipal Bond Fund Report of Earnings

PR Newswire

BOSTON, Dec. 3, 2012

BOSTON, Dec. 3, 2012 /PRNewswire/ -- Eaton Vance Ohio Municipal Bond Fund
(NYSE MKT: EIO) (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 $475,860 ($0.188 per common share).  From this amount, the Fund paid
dividends on preferred shares of $10,592 (equal to $0.004 for each common
share), resulting in net investment income after the preferred dividends of
$465,268, or $0.184 per common share. The Fund's net investment income for the
year ended September 30, 2012 was $1,929,229 ($0.762 per common share, before
deduction of the preferred share dividends totaling $0.016 per common share),
resulting in net investment income after the preferred dividends of $0.746 per
common share. In comparison, for the three months ended September 30, 2011,
the Fund had net investment income of $505,936 ($0.200 per common share). 
From this amount, the Fund paid dividends on preferred shares of $9,601 (equal
to $0.004 for each common share), resulting in net investment income after the
preferred dividends of $496,335, or $0.196 per common share. The Fund's net
investment income for the year ended September 30, 2011 was $2,058,345 ($0.814
per common share, before deduction of the preferred share dividends totaling
$0.023 per common share), resulting in net investment income after the
preferred dividends of $0.791 per common share.

Net realized and unrealized gains for the three months ended September 30,
2012 were $1,375,930 ($0.539 per common share). The Fund's net realized and
unrealized gains for the year ended September 30, 2012 were $4,075,862 ($1.606
per common share). In comparison, net realized and unrealized gains for the
three months ended September 30, 2011 were $1,426,074 ($0.560 per common
share). The Fund's net realized and unrealized losses for the year ended
September 30, 2011 were $1,908,559 ($0.759 per common share).

On September 30, 2012, net assets of the Fund applicable to common shares were
$34,984,870. The net asset value per common share on September 30, 2012 was
$13.80 based on 2,534,904 common shares outstanding. In comparison, on
September 30, 2011, net assets of the Fund applicable to common shares were
$30,921,602. The net asset value per common share on September 30, 2011 was
$12.22 based on 2,530,846 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 OHIO 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             $     476  $     506  $   1,929  $    2,058
Net realized and unrealized gains
(losses)
  on investments                  1,376      1,426      4,076      (1,909)
Preferred dividends paid from net (10)       (10)       (41)       (59)
investment income
      Net increase (decrease) in
      net assets
        from operations           $  1,842   $  1,922   $   5,964  $        90
Earnings per Common Share
Outstanding
Net investment income             $  0.188   $  0.200   $   0.762  $   0.814
Net realized and unrealized gains
(losses)
  on investments                  0.539      0.560      1.606      (0.759)
Preferred dividends paid from net (0.004)    (0.004)    (0.016)    (0.023)
investment income
      Net increase (decrease) in
      net assets
        from operations           $  0.723   $  0.756   $   2.352  $   0.032
Net investment income             $  0.188   $  0.200   $   0.762  $   0.814
Preferred dividends paid from net (0.004)    (0.004)    (0.016)    (0.023)
investment income 
Net investment income after       $  0.184   $  0.196   $   0.746  $   0.791
preferred dividends
Net Asset Value at September 30
(Common Shares)
      Net assets                                        $ 34,985   $ 30,922
      Shares outstanding                                2,535      2,531
      Net asset value per share                         $   13.80  $   12.22
      outstanding
Market Value Summary (Common
Shares)
      Market price on NYSE MKT at                       $   15.20  $   12.78
      September 30
      High market price (period                         $   16.05  $   14.20
      ended September 30)
      Low market price (period                          $   12.60  $   10.82
      ended September 30)

 

SOURCE Eaton Vance Management

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