BOSTON, March 25, 2019 /PRNewswire/ -- The merger of
Eaton Vance Municipal Bond Fund II (NYSE American: EIV) into Eaton
Vance Municipal Bond Fund (NYSE American: EIM) was completed at the
close of the New York Stock Exchange on March 22, 2019.
The merger was based upon the Funds' closing net assets on
March 22, 2019. The exchange
ratio at which common shares of EIV were converted to common shares
of EIM is listed below:
|
Acquired Fund
(Trading Symbol)
|
Exchange
Ratio
|
|
Eaton Vance Municipal
Bond Fund II (EIV)
|
0.982064
|
Fractional shares of EIM common stock were not issued in the
merger and consequently cash will be distributed for any such
fractional amounts. EIM is a closed-end management investment
company sponsored and managed by Eaton Vance Management.
Eaton Vance Management is a subsidiary of Eaton Vance
Corp.
Eaton Vance Corp. (NYSE: EV) provides advanced investment
strategies and wealth management solutions to forward-thinking
investors around the world. Through principal investment affiliates
Eaton Vance, Parametric, Atlanta Capital, Hexavest and Calvert, the
Company offers a diversity of investment approaches, encompassing
bottom-up and top-down fundamental active management, responsible
investing, systematic investing and customized implementation of
client-specified portfolio exposures. As of January 31, 2019, Eaton Vance had consolidated
assets under management of $444.7
billion. 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 U.S.
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.
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SOURCE Eaton Vance Management