Eaton Vance California Municipal Bond Fund Report Of Earnings

        Eaton Vance California Municipal Bond Fund Report Of Earnings

PR Newswire

BOSTON, Dec. 3, 2012

BOSTON, Dec. 3, 2012 /PRNewswire/ --Eaton Vance California Municipal Bond
Fund (NYSE MKT: EVM) (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 $3,772,296 ($0.173 per share). For the year ended September 30,
2012, the Fund had net investment income of $14,986,278 ($0.689 per share). In
comparison, for the three months ended September 30, 2011, the Fund had net
investment income of $4,323,858 ($0.199 per share). For the year ended
September 30, 2011, the Fund had net investment income of $17,409,457 ($0.801
per share).

Net realized and unrealized gains for the three months ended September 30,
2012 were $8,493,201 ($0.391 per share). Net realized and unrealized gains for
the year ended September 30, 2012 were $27,865,224 ($1.282 per share). In
comparison, net realized and unrealized gains for the three months ended
September 30, 2011 were $12,854,013 ($0.593 per share). Net realized and
unrealized losses for the year ended September 30, 2011 were $17,900,176
($0.822 per share).

On September 30, 2012, net assets of the Fund were $282,352,559. The net asset
value per share on September 30, 2012 was $12.98 based on 21,756,186 shares
outstanding. In comparison, on September 30, 2011, net assets of the Fund were
$255,294,320. The net asset value per share on September 30, 2011 was $11.74
based on 21,746,954 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 CALIFORNIA 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     $   3,772  $   4,324  $  14,986   $  17,409
Net realized and
unrealized gains (losses)
 on investments          8,493        12,854       27,865       (17,900)
 Net increase (decrease)
 in net assets
  from operations        $  12,265   $  17,178   $  42,851   $    (491)
Earnings per Share
Outstanding
Net investment income    $   0.173  $   0.199  $   0.689  $   0.801
Net realized and
unrealized gains (losses)
 on investments          0.391        0.593        1.282        (0.822)
 Net increase (decrease)
 in net assets
  from operations        $   0.564  $   0.792  $   1.971  $  (0.021)
Net Asset Value at
September 30
 Net assets                                         $282,353     $255,294
 Shares outstanding                                 21,756       21,747
 Net asset value per                                $   12.98  $   11.74
 share outstanding
Market Value Summary
 Market price on NYSE MKT                           $   12.65  $   12.27
 at September 30
 High market price
 (period ended September                            $   13.49  $   13.21
 30)
 Low market price (period                           $   11.72  $   10.33
 ended September 30)

SOURCE Eaton Vance Management

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