BOSTON, May 30, 2014 /PRNewswire/ -- Eaton Vance
Management, the Boston-based
investment adviser, today announced the monthly distributions
declared on the common shares of eight of its closed-end municipal
bond funds (the "Funds"). The record date for the
distributions is June 10, 2014, and
the payable date is June 17, 2014. The ex-date is June 6, 2014. The distribution per share, closing
market price on May 29, 2014 (or last
trade price), and annualized market yield for each Fund are as
follows:
|
Distribution
|
Closing
|
Annualized
|
|
Fund
|
Per
Share
|
Market
Price
|
Yield
|
|
Eaton Vance Municipal
Income Trust (NYSE: EVN)
|
$0.074999
|
$12.72
|
7.08%
|
|
Eaton Vance
California Municipal Income Trust (NYSE MKT: CEV)
|
$0.061337
|
$12.61
|
5.84%
|
|
Eaton Vance
Massachusetts Municipal Income Trust (NYSE MKT: MMV)
|
$0.057166
|
$13.50
|
5.08%
|
|
Eaton Vance Michigan
Municipal Income Trust (NYSE MKT: EMI)
|
$0.059084
|
$12.66
|
5.60%
|
|
Eaton Vance New
Jersey Municipal Income Trust (NYSE MKT: EVJ)
|
$0.060667
|
$12.84
|
5.67%
|
|
Eaton Vance New York
Municipal Income Trust (NYSE MKT: EVY)
|
$0.072501
|
$14.16
|
6.14%
|
|
Eaton Vance Ohio
Municipal Income Trust (NYSE MKT: EVO)
|
$0.060919
|
$13.76
|
5.31%
|
|
Eaton Vance
Pennsylvania Municipal Income Trust (NYSE MKT: EVP)
|
$0.064750
|
$12.65
|
6.14%
|
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 Funds' common shares could change.
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 $285.9 billion
in assets as of April 30, 2014,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's
long record of providing exemplary service 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 about Eaton Vance, visit
www.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.
SOURCE Eaton Vance Management