BOSTON, Dec. 31, 2012 /PRNewswire/ -- Eaton Vance
Management, the Boston-based
investment adviser, today announced the monthly distributions
declared on the common shares of eleven of its closed-end municipal
bond funds (the "Funds"). The announcement reflects a decrease in
the monthly distribution for Eaton Vance Ohio Municipal Bond Fund
(NYSE MKT: EIO). The record date for the distributions is
January 24, 2013, and the payable
date is January 31, 2013. The ex-date
is January 22, 2013. The distribution
per share, closing market price on December
28, 2012 (or last trade price), and annualized market yield
for each Fund are as follows:
|
Distribution
|
Closing
|
Annualized
|
Fund
|
Per
Share
|
Market
Price
|
Yield
|
Eaton
Vance Municipal Bond Fund (NYSE MKT:
EIM)
|
$0.063835
|
$13.94
|
5.50%
|
Eaton
Vance Municipal Bond Fund II (NYSE MKT:
EIV)
|
$0.063124
|
$13.66
|
5.55%
|
Eaton
Vance California Municipal Bond Fund (NYSE MKT:
EVM)
|
$0.054500
|
$12.08
|
5.41%
|
Eaton
Vance California Municipal Bond Fund II (NYSE MKT:
EIA)
|
$0.064249
|
$14.20
|
5.43%
|
Eaton
Vance Massachusetts Municipal Bond Fund (NYSE MKT:
MAB)
|
$0.070000
|
$15.75
|
5.33%
|
Eaton
Vance Michigan Municipal Bond Fund (NYSE MKT:
MIW)
|
$0.066582
|
$14.35
|
5.57%
|
Eaton
Vance New Jersey Municipal Bond Fund (NYSE MKT:
EMJ)
|
$0.065000
|
$16.34
|
4.77%
|
Eaton
Vance New York Municipal Bond Fund (NYSE MKT:
ENX)
|
$0.057333
|
$13.89
|
4.95%
|
Eaton
Vance New York Municipal Bond Fund II (NYSE MKT:
NYH)
|
$0.057250
|
$13.53
|
5.08%
|
Eaton
Vance Ohio Municipal Bond Fund (NYSE MKT:
EIO)
|
$0.058500
|
$14.12
|
4.97%
|
Eaton
Vance Pennsylvania Municipal Bond Fund (NYSE MKT: EIP)
|
$0.072750
|
$15.00
|
5.82%
|
The amount of monthly distributions may vary depending on a
number of factors. As portfolio and market conditions change, the
rate of distributions on the Funds' common shares could change.
The Funds are 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.
Shares of closed-end funds often trade at a discount from their
net asset value. The market price of Fund shares may vary from net
asset value based on factors affecting the supply and demand for
shares, such as Fund distribution rates relative to similar
investments, investors' expectations for future distribution
changes, the clarity of the Fund's investment strategy and future
return expectations, and investors' confidence in the underlying
markets in which the Fund invests. 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. Before investing, prospective investors should
consider carefully the Fund's investment objective, risks, charges
and expenses.
SOURCE Eaton Vance Management