Eaton Vance National Municipal Income Trust and Eaton Vance Municipal Income Trust Declare Accelerated Monthly Distributions
May 15 2009 - 4:52PM
PR Newswire (US)
BOSTON, May 15 /PRNewswire-FirstCall/ -- Eaton Vance Management,
the Boston-based investment adviser, today announced the
accelerated monthly distributions declared on the common shares of
two of its closed-end municipal bond funds ("Funds"). The
distributions are being accelerated to coincide with the closing of
the merger between Eaton Vance National Municipal Income Trust
(NYSE Alternext US: FEV) and Eaton Vance Municipal Income Trust
(NYSE:EVN) prior to the opening of business on May 28, 2009. The
record date for both distributions is May 26, 2009, and the payable
date is May 28, 2009 for the FEV distribution and June 2, 2009 for
the EVN distribution. The ex-date is May 21, 2009. The distribution
per share, closing market price on May 14, 2009 (or last trade
price), and annualized market yield for each Fund are as follows:
Distribution Closing Annualized Fund Per Share Market Yield Price
Eaton Vance Municipal Income Trust (NYSE:EVN) $0.070000 $10.31
8.15% Eaton Vance National Municipal Income Trust (NYSE Alternext
US: FEV) $0.151936 $11.09 16.44% 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 EVN common shares could change. This will be the final
dividend on FEV common shares. 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 $127.2 billion in assets as of April 30, 2009
offering individuals and institutions a broad array of financial
products and wealth solutions including mutual funds, managed
accounts, variable trusts and charitable giving services. A
combination of tradition, proven long-term performance and more
than 80 years of experience have made Eaton Vance the investment
manager of choice for many investors. For more information about
Eaton Vance, visit http://www.eatonvance.com/. DATASOURCE: Eaton
Vance Management CONTACT: Investor Contact, Eaton Vance Management,
+1-800-262-1122 Web Site: http://www.eatonvance.com/
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