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Eaton Vance Corporation
Symbol U : EV
Recent Sedar Documents

Eaton Vance Municipal Closed-End Funds Announce Closing of Mergers

2018-12-17 08:36 ET - News Release

BOSTON, Dec. 17, 2018 /PRNewswire/ -- The following mergers were completed at the close of the New York Stock Exchange on December 14, 2018:

Acquired Fund (Trading Symbol)

Acquiring Fund (Trading Symbol)

Eaton Vance New York Municipal Bond Fund II (NYH)

Eaton Vance New York Municipal Bond Fund (ENX)

Eaton Vance California Municipal Bond Fund II (EIA)

Eaton Vance California Municipal Bond Fund (EVM)

Eaton Vance Massachusetts Municipal Bond Fund (MAB)

Eaton Vance Municipal Bond Fund (EIM)

Eaton Vance Michigan Municipal Bond Fund (MIW)

Eaton Vance Michigan Municipal Income Trust (EMI)

Eaton Vance Municipal Income Trust (EVN)

Each merger was based upon the Funds' closing net assets on December 14, 2018. The exchange ratio at which common shares of each Acquired Fund were converted to common shares of the relevant Acquiring Fund is listed below:

Acquired Fund (Trading Symbol)

Exchange Ratio

Eaton Vance New York Municipal Bond Fund II (NYH)

0.960888

Eaton Vance California Municipal Bond Fund II (EIA)

1.026034

Eaton Vance Massachusetts Municipal Bond Fund (MAB)

1.103422

Eaton Vance Michigan Municipal Bond Fund (MIW)

1.125559

Eaton Vance Michigan Municipal Income Trust (EMI)

1.105497

Fractional shares of the relevant Acquiring Fund's common stock were not issued in the mergers and consequently cash will be distributed for any such fractional amounts.

About Eaton Vance

Eaton Vance is a subsidiary of Eaton Vance Corp. (NYSE: EV). Eaton Vance is a leading global asset manager whose history dates to 1924. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $439.3 billion in assets as of October 31, 2018, offering individuals and institutions a broad array of investment strategies and wealth management solutions. For more information, visit 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.

Additional Information about the Funds

This press release is for informational purposes only and is not intended to, and does not, constitute an offer to purchase or sell shares of the Funds.

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.

View original content:http://www.prnewswire.com/news-releases/eaton-vance-municipal-closed-end-funds-announce-closing-of-mergers-300767355.html

SOURCE Eaton Vance Management

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