BOSTON, March 1, 2019 /PRNewswire/ -- Eaton Vance
Municipal Bond Fund II (NYSE American: EIV) today announced the
following final pre-merger distribution. As previously
announced, EIV shareholders approved the Fund's merger into Eaton
Vance Municipal Bond Fund (NYSE American: EIM). In order to
comply with requirements under the Internal Revenue Code, the
distribution is intended to fully distribute EIV's accumulated
undistributed net investment income (UNII) prior to merger.
Declaration –
3/1/2019 Ex-Date –
3/20/2019 Record –
3/21/2019 Payable –
3/29/2019
|
Fund
|
Ticker
|
Distribution
|
|
Eaton Vance Municipal
Bond Fund II
|
EIV
|
$0.0425
|
|
|
|
|
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As this special distribution includes all net investment income
earned by EIV in earlier periods and not previously distributed, it
is not indicative of the amount of the combined fund's future
monthly distributions.
The merger is currently expected to be completed as of the close
of business of the New York Stock Exchange on or about March 22, 2019, subject to the satisfaction of
customary closing conditions. If the merger is completed as
scheduled, shareholders who have elected to reinvest their
distributions pursuant to EIV's dividend reinvestment plan will
receive a cash distribution.
Fund distributions may be affected by numerous factors,
including changes in Fund performance, the cost of financing for
Funds that employ leverage, portfolio holdings, realized and
projected returns, and other factors. There can be no assurance
that an unanticipated change in market conditions or other
unforeseen factors will not result in a change in a Fund's
distributions at a future time.
A portion of the distribution may be comprised of amounts from
sources other than net investment income. If that is the
case, you will be notified in writing. Further information
will be available prior to the payment date at
funds.eatonvance.com. The final determination of tax
characteristics of EIVs distributions will occur after the end of
the year, at which time it will be reported to the
shareholders.
Each Fund is a closed-end management investment company
sponsored and managed by Eaton Vance Management. Eaton Vance
Management is a subsidiary of Eaton Vance Corp. EIV and EIM
trade on the NYSE American.
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. Exemplary service, timely innovation and attractive
returns across market cycles have been hallmarks of Eaton Vance
since 1924. 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 and the Merger
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.
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SOURCE Eaton Vance Management