Eaton Vance Closed-End Municipal Bond Funds; Fund Data Now Available.BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. -- Eaton Vance Eaton Vance is an American financial services company headquartered in Boston, MA. It is traded on the New York Stock Exchange under the symbol EV.[1] At the end of the second quarter of the 2006 fiscal year, the company had assets under management of $118.8 billion. Management today disclosed certain data for the Eaton Vance closed-end closed-end adj. Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer: a closed-end investment company. municipal bond funds Municipal Bond Fund A mutual fund that invests in municipal bonds, operating either as an investment trust or as an open-end fund. Notes: Because the bonds are local government issues, they usually help to maximize tax-exempt income. (the "Funds"): Earnings per Common Share - The average monthly net investment income per common share (after payment of preferred dividends preferred dividend n. a payment of a corporation's profits to holders of preferred shares of stock. (See: preferred stock) ) for the three months ended June June: see month. 30, 2006; Dividend per Common Share - The monthly dividend per common share paid in June 2006; Undistributed Adj. 1. undistributed - (of investments) not distributed among a variety of securities undiversified - not diversified Net Investment Income (UNII UNII Unlicensed National Information Infrastructure UNII Undistributed Net Investment Income (closed-end mutual funds) ) per Common Share - The average balance at month end of undistributed net investment income per common share (net of pending distributions) for the three months ended June 30, 2006; and Leverage - The ratio of outstanding auction rate preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. (a source of the Funds' financial leverage) to total assets as of June 30, 2006. This information is released on a quarterly basis. Earnings and UNII will fluctuate over time due to fund activity and /or market factors. The Funds are managed by Eaton Vance Management. Eaton Vance and its affiliates had approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $118.5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. on June 30, 2006. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance at (800) 262-1122. For more complete information about a Fund, including risks, charges, and expenses, please contact your financial adviser.
Closed-End Fund Earnings Data as of June 30, 2006
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Earnings and UNII are 3 month averages unless indicated
Fund
------------------------- 3 Month 3 Month
Avg. March Avg.
Earnings/ Dividend/ UNII/ Leverage
Ticker Share Share Share (a)
------ --------- --------- -------- ---------
Eaton Vance Municipal
Income Trust EVN $0.0673 $0.0750 $0.0166 33.7%
Eaton Vance Insured
Municipal Bond Fund EIM $0.0629 $0.0642 $0.0216 37.6%
Eaton Vance Insured
Municipal Bond Fund II EIV $0.0634 $0.0650 $0.0273 36.7%
Eaton Vance California
Municipal Income Trust CEV $0.0580 $0.0563 $0.0279 34.8%
Eaton Vance Insured
California Municipal
Bond Fund EVM $0.0609 $0.0620 $0.0275 36.8%
Eaton Vance Insured
California Municipal
Bond Fund II EIA $0.0592 $0.0650 $0.0270 37.3%
Eaton Vance Florida
Municipal Income Trust FEV $0.0593 $0.0605 $0.0325 34.7%
Eaton Vance Insured
Florida Municipal Bond
Fund EIF $0.0573 $0.0591 $0.0251 37.7%
Eaton Vance Massachusetts
Municipal Income Trust MMV $0.0566 $0.0532 $0.0233 33.2%
Eaton Vance Insured
Massachusetts Municipal
Bond Fund MAB $0.0567 $0.0607 $0.0347 37.0%
Eaton Vance Michigan
Municipal Income Trust EMI $0.0570 $0.0580 $0.0332 35.4%
Eaton Vance Insured
Michigan Municipal Bond
Fund MIW $0.0612 $0.0557 $0.0097 37.8%
Eaton Vance New Jersey
Municipal Income Trust EVJ $0.0582 $0.0563 $0.0191 34.8%
Eaton Vance Insured New
Jersey Municipal Bond
Fund EMJ $0.0598 $0.0617 $0.0322 36.5%
Eaton Vance New York
Municipal Income Trust EVY $0.0627 $0.0608 $0.0288 34.9%
Eaton Vance Insured New
York Municipal Bond Fund ENX $0.0599 $0.0613 $0.0202 38.6%
Eaton Vance Insured New
York Municipal Bond Fund
II NYH $0.0603 $0.0580 $0.0396 37.1%
Eaton Vance Ohio
Municipal Income Trust EVO $0.0570 $0.0576 $0.0297 35.7%
Eaton Vance Insured Ohio
Municipal Bond Fund EIO $0.0563 $0.0560 $0.0096 37.2%
Eaton Vance Pennsylvania
Municipal Income Trust EVP $0.0585 $0.0575 $0.0220 35.4%
Eaton Vance Insured
Pennsylvania Municipal
Bond Fund EIP $0.0572 $0.0583 $0.0187 37.7%
(a) Based on total assets. Leverage achieved through the issuance of auction rate preferred shares. Use of financial leverage creates an opportunity for increased income, but at the same time creates special risks (including the likelihood of greater volatility Volatility 1. A statistical measure of the tendency of a market or security to rise or fall sharply within a period of time. 2. A variable in option pricing formulas that denotes the extent to which the return of the underlying asset will fluctuate between now and the of net asset value and market prices of common shares). Each Municipal Income Trust paid a monthly dividend on June 19, 2006 to shareholders of record on June 12, 2006. Each Insured Municipal Bond Fund paid a monthly dividend on June 30, 2006 to shareholders of record on June 23, 2006. |
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