Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available
10 February 2010 - 7:51AM
PR Newswire (US)
BOSTON, Feb. 9 /PRNewswire-FirstCall/ -- Eaton Vance Management
today disclosed certain data for the Eaton Vance closed-end
municipal bond funds (the "Funds"): Earnings per Common Share - The
average monthly net investment income per common share (after
payment of preferred dividends) for the three months ended December
31, 2009; Dividend per Common Share - The monthly dividend per
common share paid in December 2009; Undistributed Net Investment
Income (UNII) per Common Share - The average balance at month end
of undistributed net investment income per common share (net of
pending distributions) for the three months ended December 31,
2009. Leverage - The ratio of outstanding auction rate preferred
shares (a source of the Funds' financial leverage) ("APS") to total
assets as of December 31, 2009.(1) Earnings and UNII will fluctuate
over time due to fund activity and /or market factors. For more
information about a Fund, please see the Funds' annual and semi
annual shareholder reports or contact your financial adviser. In
addition, Eaton Vance Management will make available periodic
summary information regarding portfolio investments. Those
interested should call Eaton Vance at (800) 262-1122. 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 $163.1 billion in
assets as of December 31, 2009, offering individuals and
institutions a broad array of investment products 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 http://www.eatonvance.com/.
Closed-End Fund Earnings Data December 31, 2009 Earnings and UNII
are 3 month averages unless indicated 3 Month 3 Month Avg. December
Avg. Earnings/ Dividend/ UNII/ Fund Ticker Share Share Share
Leverage* Eaton Vance Municipal Income Trust EVN $0.08220 $0.07583
$0.08590 32.50% Eaton Vance Insured Municipal Bond Fund^ EIM
$0.07530 $0.07467 $0.12980 + Eaton Vance Insured Municipal Bond
Fund II^ EIV $0.07990 $0.07687 $0.16090 27.30% Eaton Vance National
Municipal Opportunities Trust EOT $0.10190 $0.10333 $0.04900 +
Eaton Vance California Municipal Income Trust CEV $0.07550 $0.07217
$0.07960 35.50% Eaton Vance Insured California Municipal Bond Fund^
EVM $0.07180 $0.06992 $0.11510 + Eaton Vance Insured California
Municipal Bond Fund II^ EIA $0.07300 $0.07092 $0.09080 36.00% Eaton
Vance Massachusetts Municipal Income Trust MMV $0.07400 $0.07550
$0.10870 34.70% Eaton Vance Insured Massachusetts Municipal Bond
Fund^ MAB $0.07040 $0.06916 $0.07180 35.90% Eaton Vance Michigan
Municipal Income Trust EMI $0.06920 $0.07158 $0.08780 38.80% Eaton
Vance Insured Michigan Municipal Bond Fund^ MIW $0.07330 $0.07199
$0.10190 38.60% Eaton Vance New Jersey Municipal Income Trust EVJ
$0.07740 $0.07900 $0.11030 34.40% Eaton Vance Insured New Jersey
Municipal Bond Fund^ EMJ $0.07540 $0.07542 $0.11360 35.70% Eaton
Vance New York Municipal Income Trust EVY $0.07510 $0.07334
$0.06350 31.90% Eaton Vance Insured New York Municipal Bond Fund^
ENX $0.06960 $0.06692 $0.07230 + Eaton Vance Insured New York
Municipal Bond Fund II^ NYH $0.07100 $0.07267 $0.14170 28.70% Eaton
Vance Ohio Municipal Income Trust EVO $0.07170 $0.07425 $0.10460
37.00% Eaton Vance Insured Ohio Municipal Bond Fund^ EIO $0.06510
$0.06183 $0.07140 35.10% Eaton Vance Pennsylvania Municipal Income
Trust EVP $0.06850 $0.07225 $0.08230 36.30% Eaton Vance Insured
Pennsylvania Municipal Bond Fund^ EIP $0.06940 $0.06900 $0.13660
36.10% *Based on total assets. Leverage achieved through the
issuance of APS. Use of financial leverage creates an opportunity
for increased income, but at the same time creates special risks
(including the likelihood of greater volatility of net asset value
and market prices of common shares). Please see note above entitled
"Leverage" for further information on these percentages. + In 2008,
the Fund redeemed in full its APS. ^ Effective February 1, 2010,
the Fund's name was changed by dropping the word "Insured"
therefrom. The Fund's ticker symbol did not change Each Municipal
Income Trust paid a monthly dividend on December 17, 2009 to
shareholders of record on December 10, 2009. Each Insured Municipal
Bond Fund paid a monthly dividend on December 31, 2009 to
shareholders of record on December 24, 2009. As portfolio and
market conditions change, the rate of future distributions may
change. (1) The leverage percentage quoted refers only to the ratio
involving a Fund's APS outstanding on December 31, 2009. During
2008, three of the Funds redeemed their APS in full while many
other have redeemed their APS in part. Replacement financing for
these Funds has been provided by the creation of Tender Option Bond
trusts. DATASOURCE: Eaton Vance Management CONTACT: Investor
Contact: 1-800-262-1122 Web Site: http://www.eatonvance.com/
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