Eaton Vance California Municipal Bond Fund Report Of Earnings

        Eaton Vance California Municipal Bond Fund Report Of Earnings

PR Newswire

BOSTON, Oct. 2, 2013

BOSTON, Oct. 2, 2013 /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 and nine months ended
June 30, 2013. The Fund's fiscal year ends on September 30, 2013.

For the three months ended June 30, 2013, the Fund had net investment income
of $3,811,345 ($0.175 per share). For the nine months ended June 30, 2013, the
Fund had net investment income of $11,351,175 ($0.522 per share). In
comparison, for the three months ended June 30, 2012, the Fund had net
investment income of $3,599,066 ($0.166 per share). For the nine months ended
June 30, 2012, the Fund had net investment income of $11,213,982 ($0.516 per
share).

Net realized and unrealized losses for the three months ended June 30, 2013
were $25,430,597 ($1.167 per share). Net realized and unrealized losses for
the nine months ended June 30, 2013 were $27,130,067 ($1.247 per share). In
comparison, net realized and unrealized gains for the three months ended June
30, 2012 were $4,244,505 ($0.194 per share). Net realized and unrealized gains
for the nine months ended June 30, 2012 were $19,372,023 ($0.891 per share).

On June 30, 2013, net assets of the Fund were $255,902,260. The net asset
value per share on June 30, 2013 was $11.76 based on 21,756,186 shares
outstanding. In comparison, on June 30, 2012, net assets of the Fund were
$273,644,199. The net asset value per share on June 30, 2012 was $12.58 based
on 21,756,186 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 $268.8 billion in assets as of July 31, 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 CALIFORNIA MUNICIPAL BOND FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                              Three Months Ended      Nine Months Ended
                              June 30,                June 30,
                              2013         2012       2013          2012
Net investment income         $  3,811   $  3,599  $  11,351    $ 11,214
Net realized and unrealized
gains (losses)
 on investments              (25,431)     4,245      (27,130)      19,372
 Net increase (decrease) in
 net assets
  from operations            $(21,620)    $  7,844  $ (15,779)    $ 30,586
Earnings per Share
Outstanding
Net investment income        $  0.175   $  0.166  $   0.522   $  0.516
Net realized and unrealized
gains (losses)
 on investments              (1.167)      0.194      (1.247)       0.891
 Net increase (decrease) in
 net assets
  from operations            $  (0.992)  $  0.360  $  (0.725)  $  1.407
Net Asset Value at June 30
 Net assets                                           $255,902      $273,644
 Shares outstanding                                   21,756        21,756
 Net asset value per share                            $11.76        $12.58
 outstanding
Market Value Summary
 Market price on NYSE MKT at                          $10.93        $12.27
 June 30
 High market price (period                            $12.92        $13.49
 ended June 30)
 Low market price (period                             $10.36        $11.72
 ended June 30)



SOURCE Eaton Vance Management

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