Thursday, Eaton Vance Massachusetts Municipal Income Trust (MMV), a closed-end management investment company, reported a marginal decline in third quarter net investment income.
The Boston Massachusetts-based company's third quarter net investment income slightly declined to $0.639 million from $0.64 million in the year ago period. Earnings per share was flat with previous year at $0.235.
Excluding preferred dividends of $0.25 million or $0.009 per share, net investment income for the quarter would have been $0.61 million or $0.226 per share.
Quarterly, net realized and unrealized gains were $1.52 million, compared to a loss of $1.82 million in the same quarter last year.
On August 31, 2009, net assets of the Trust applicable to common shares were $35.85 million compared to $36.95 million on August 31, 2008. In the recent quarter, net asset value per share was $13.17 based on 2,723,203 shares outstanding compared to $13.62 based on 2,714,063 shares outstanding in the prior year quarter.
For the nine-month period, the trust reported a marginal increase in net investment income to $1.96 million or $0.721 per share from $1.93 million or $0.712 per share last year.
MMV is currently trading at $13.13, down $0.07 or 0.59% and the stocks of EV is trading at $29.40, down $0.87 or 2.87% on the NYSE.
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