BOSTON, Dec. 11, 2015 /PRNewswire/ -- Each of the
Eaton Vance municipal income closed-end funds listed below (each, a
"Fund" and, collectively, the "Funds") announced the final results
of its tender offer ending December 2,
2015 to repurchase up to 100% of its outstanding auction
preferred shares ("APS") at a price per share equal to 95.5% of the
APS liquidation preference of $25,000
per share (or $23,875 per share),
plus any accrued but unpaid APS dividends (the "Tender
Offer"). All shares that were validly tendered and not
withdrawn during the offering period have been accepted for
payment. APS that were not tendered will remain
outstanding.
The APS being repurchased by each Fund are as follows:
Ticker
Symbol
|
Fund
|
Series
|
Cusip
|
APS
Tendered
|
% of
Outstanding
|
EIA
|
Eaton Vance
California Municipal Bond Fund II
|
A
|
27828C205
|
992
|
96%
|
MAB
|
Eaton Vance
Massachusetts Municipal Bond Fund
|
A
|
27828K207
|
518
|
95%
|
MIW
|
Eaton Vance Michigan
Municipal Bond Fund
|
A
|
27828M203
|
421
|
79%
|
EIV
|
Eaton Vance Municipal
Bond Fund II
|
A
|
27827K208
|
832
|
93%
|
|
B
|
27827K307
|
766
|
86%
|
EMJ
|
Eaton Vance New
Jersey Municipal Bond Fund
|
A
|
27828R202
|
695
|
89%
|
NYH
|
Eaton Vance New York
Municipal Bond Fund II
|
A
|
27828T208
|
460
|
87%
|
EIO
|
Eaton Vance Ohio
Municipal Bond Fund
|
A
|
27828L205
|
590
|
87%
|
EIP
|
Eaton Vance
Pennsylvania Municipal Bond Fund
|
A
|
27828W201
|
818
|
94%
|
Each Fund also announced today that it has successfully
completed the private placement of new variable-rate preferred
shares with a liquidation preference of $25,000 per share. For each Fund, the
number of new preferred shares issued equals the APS accepted for
payment pursuant to the Tender Offer.
This announcement is not a recommendation, an offer to purchase
or a solicitation of an offer to sell shares of any Fund.
The Funds are managed by Eaton Vance Management, a subsidiary of
Eaton Vance Corp. (NYSE: EV). Eaton Vance is one of the
oldest investment management firms in the
United States, with a history dating back to 1924. Eaton
Vance and its affiliates managed $311.4
billion in assets as of October 31,
2015, offering individuals and institutions a broad array of
investment strategies and wealth management solutions. For more
information about Eaton Vance, visit www.eatonvance.com.
Fund shares are subject to investment risk, including
possible loss of principal invested. No Fund is a
complete investment program and you may lose money investing in a
Fund. An investment in a Fund may not be appropriate for all
investors. Additional information about the Funds,
including performance and portfolio characteristic information, is
available at www.eatonvance.com.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the United States securities laws. You should
exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other
factors which are, in some cases, beyond a Fund's control and could
cause actual results to differ materially from those set forth in
the forward-looking statements.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/eaton-vance-municipal-income-closed-end-funds-announce-final-results-of-auction-preferred-shares-tender-offers-and-issuance-of-new-preferred-shares-300191955.html
SOURCE Eaton Vance Closed-End