BOSTON, Nov. 14, 2019 /PRNewswire/ -- Eaton Vance
Municipal Bond Fund (NYSE American: EIM) (the "Fund") today
commenced a cash tender offer for up to 5% or 3,986,326 of its
outstanding common shares at a price per share equal to 98% of the
Fund's net asset value ("NAV") per share as of the close of regular
trading on the New York Stock Exchange (NYSE) on the date the
tender offer expires. The tender offer will expire at 5:00 P.M., Eastern Time on December 13, 2019 or on such later date to which
the offer is extended. The pricing date will also be December 13, 2019, unless extended. If the number
of shares tendered exceeds the maximum amount of the offer, the
Fund will purchase shares from tendering shareholders on a pro-rata
basis (disregarding fractional shares). Accordingly, there is
no assurance that the Fund will purchase all of a shareholder's
tendered common shares in connection with the offer.
The tender offer is being made on the terms and subject to the
conditions set forth in the Fund's tender offer statement on
Schedule TO (including an offer to purchase, a related letter of
transmittal and other offer documents) that has been filed with the
Securities and Exchange Commission (the "SEC"). All of these
documents contain important information about the tender offer.
Shareholders of the Fund should read them carefully as they contain
important information about the tender offer. Shareholders of the
Fund can obtain a free copy of each of these documents at the SEC's
website at www.sec.gov or from the Fund by calling AST Fund
Solutions, LLC, the Fund's information agent for the tender offer,
at 877-283-0318. This press release is not a recommendation, an
offer to purchase, or a solicitation of an offer to sell shares of
the Fund and is not a prospectus, circular or representation
intended for use in the purchase or sale of Fund shares.
About Eaton Vance Corp.
The Fund's investment adviser is Eaton Vance Management, 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 Management, 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 September 30, 2019, Eaton Vance had consolidated
assets under management of $489.7
billion. For more information, visit eatonvance.com.
About the Fund
Except pursuant to a tender offer,
common shares of the Fund are only available for purchase or sale
on the NYSE American exchange at their current market price. Shares
of closed-end funds (such as the Fund) often trade at a discount
from their net asset value. The market price of a fund's 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 a 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. Shares of the Fund are not FDIC-insured and are not
deposits or other obligations of, or guaranteed by, any bank. The
Fund is not a complete investment program and you may lose money
investing in the Fund. An investment in the Fund may not be
appropriate for all investors. Before investing, prospective
investors should consider carefully the Fund's investment
objective, risks, charges and expenses.
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 Fund. Additional information about the Fund,
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
the Fund's control and could cause actual results to differ
materially from those set forth in the forward-looking
statements.
View original
content:http://www.prnewswire.com/news-releases/eaton-vance-municipal-bond-fund-commences-tender-offer-300958687.html
SOURCE Eaton Vance Management