BOSTON, June 17, 2015 /PRNewswire/ -- Eaton Vance
Management (Eaton Vance), a subsidiary of Eaton Vance Corp. (NYSE:
EV), announced today that Thomas M.
Metzold, CFA, Senior Portfolio Manager and Senior Portfolio
Advisor, will retire from Eaton Vance on July 31, 2015.
Mr. Metzold joined Eaton Vance in 1987 as a high-yield municipal
bond analyst covering health care and hospital sectors and became a
portfolio manager in 1991. In addition to lead managing and
co-managing a number of Eaton Vance municipal income mutual funds
and closed-end funds for many years, he served as Co-Director of
Municipal Investments from 2010 to 2014.
"Tom has been instrumental in building and strengthening Eaton
Vance's leadership role in the municipal bond market," said
Payson F. Swaffield, Chief Income
Investment Officer for Eaton Vance. "He has been a strong and
consistent voice in the industry highlighting the benefits of
municipal bonds, specifically, their ability to provide investors
with tax-exempt income, diversification and relative credit
stability, while at the same time providing states and diverse
municipalities with cost effective financing."
Mr. Metzold plans to join a municipal bond insurance company
following his retirement from Eaton Vance.
Effective July 31, 2015, Mr.
Metzold's portfolio management responsibilities will be
transitioned to other Eaton Vance municipal portfolio managers as
follows:
|
Fund
|
New
Manager
|
|
Open-end
Funds
|
|
Eaton Vance National
Municipal Income Fund
(co-managed with
Craig R. Brandon)
|
Craig R. Brandon will
become sole manager
|
|
Eaton Vance High
Yield Municipal Income Fund
(co-managed with
Cynthia Clemson)
|
Cynthia J. Clemson
will become sole manager
|
|
Closed-end
Funds
|
|
Eaton Vance Municipal
Income Trust (NYSE MKT: EVN)
|
Cynthia J.
Clemson
|
|
Eaton Vance Municipal
Income Term Trust (NYSE MKT: ETX)
|
Craig R.
Brandon
|
|
Eaton Vance Michigan
Municipal Bond Fund (NYSE MKT: MIW)
|
Cynthia J.
Clemson
|
|
Eaton Vance Michigan
Income Trust (NYSE MKT: EMI)
|
Cynthia J.
Clemson
|
|
Eaton Vance Ohio
Municipal Bond Fund (NYSE MKT: EIO)
|
Cynthia J.
Clemson
|
|
Eaton Vance Ohio
Municipal Income Trust (NYSE MKT: EVO)
|
Cynthia J.
Clemson
|
"We have thoroughly enjoyed working closely with Tom for almost
three decades," said Cynthia J.
Clemson and Craig R. Brandon,
Co-Directors of Municipal Investments for Eaton Vance. "He will
leave a lasting impression on the team and we wish him
well."
Eaton Vance Corp. is one of the oldest investment management
firms in the United States with a
history dating to 1924. Eaton Vance and its affiliates managed
$311.0 billion in assets as of
April 30, 2015, offering individuals
and institutions a broad array of investment strategies and wealth
management solutions. The Company's long record of providing
exemplary service, timely innovation 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, visit eatonvance.com.
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SOURCE Eaton Vance Management