Eaton Vance Tax-Advantaged Bond And Option Strategies Fund Report Of Earnings

Eaton Vance Tax-Advantaged Bond And Option Strategies Fund Report Of Earnings

PR Newswire

BOSTON, June 14, 2013

BOSTON, June 14, 2013 /PRNewswire/ --Eaton Vance Tax-Advantaged Bond and
Option Strategies Fund (NYSE: EXD) (the "Fund"), a diversified closed-end
management investment company, today announced the earnings of the Fund for
the three months ended March 31, 2013. The Fund's fiscal year ends on
December 31, 2013.

For the three months ended March 31, 2013, the Fund had net investment income
of $162,164 ($0.015 per common share). In comparison, for the three months
ended March 31, 2012, the Fund had net investment income of $47,843 ($0.005
per common share).

Net realized and unrealized losses for the three months ended March 31, 2013
were $4,149,429 ($0.393 per common share). In comparison, net realized and
unrealized losses for the three months ended March 31, 2012 were $1,473,124
($0.140 per common share).

On March 31, 2013, net assets of the Fund were $184,595,101. The net asset
value per common share on March 31, 2013 was $17.49 based on 10,556,552 common
shares outstanding. In comparison, on March 31, 2012, net assets of the Fund
were $188,595,833.The net asset value per common share on March 31, 2012 was
$17.87 based on 10,556,552 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 $260.3 billion in assets as of April 30, 2013,
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 TAX-ADVANTAGED BOND AND OPTION STRATEGIES FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                                  Three Months Ended
                                  March 31,
                                  2013                 2012
Net investment income            $        162  $          48
Net realized and unrealized gains
(losses)
 on investments                  (4,149)              (1,473)
 Net increase (decrease) in net
 assets
 from operations                  $     (3,987)   $      (1,425)
Earnings per Share Outstanding
Net investment income            $      0.015   $       0.005
Net realized and unrealized gains
(losses)
 on investments                  (0.393)              (0.140)
 Net increase (decrease) in net
 assets
  from operations                $     (0.378)   $      (0.135)
Net Asset Value at March 31
 Net assets                      $    184,595      $     188,596
 Shares outstanding              10,557               10,557
 Net asset value per share        $      17.49   $       17.87
 outstanding
Market Value Summary
 Market price on NYSE at March 31 $      17.46   $       16.90
 High market price (period ended  $      18.12   $       17.52
 March 31)
 Low market price (period ended   $      17.43   $       16.56
 March 31)



SOURCE Eaton Vance Management

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