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 September September: see month. 30, 2005; Dividend per Common Share - The monthly dividend per common share paid in September 2005; 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 September 30, 2005; 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. (sources of the Funds' financial leverage) to total assets as of September 30, 2005. This information appears for each of the Funds on the attached page. Eaton Vance intends to update such information each quarter. Earnings, dividends, UNII and leverage will fluctuate over time due to Fund activity and /or market factors. The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp., which is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol EV. Eaton Vance and its affiliates had approximately $106 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 July July: see month. 31, 2005. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance at 617-482-8260. For more complete information about a Fund, including risks, charges, and expenses, please contact your financial adviser.
Closed-End Fund Earnings Data as of September 30, 2005
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Earnings and UNII are 3 month averages unless indicated
Fund 3 Month 3 Month
---- Avg. September Avg.
Earnings/ Dividend/ UNII/
Ticker Share Share Share Leverage(a)
------ --------- --------- -------- -----------
Eaton Vance Municipal
Income Trust EVN $0.0820 $0.0842 $0.0600 34.6%
Eaton Vance Insured
Municipal Bond Fund EIM $0.0691 $0.0743 $0.0619 37.4%
Eaton Vance Insured
Municipal Bond Fund II EIV $0.0722 $0.0834 $0.0896 36.5%
Eaton Vance California
Municipal Income Trust CEV $0.0701 $0.0672 $0.0548 34.4%
Eaton Vance Insured
California Municipal
Bond Fund EVM $0.0670 $0.0645 $0.0383 38.0%
Eaton Vance Insured
California Municipal
Bond Fund II EIA $0.0689 $0.0705 $0.0572 37.1%
Eaton Vance Florida
Municipal Income Trust FEV $0.0662 $0.0680 $0.0346 35.4%
Eaton Vance Insured
Florida Municipal Bond
Fund EIF $0.0665 $0.0700 $0.0488 37.0%
Eaton Vance
Massachusetts
Municipal Income Trust MMV $0.0651 $0.0658 $0.0523 33.9%
Eaton Vance Insured
Massachusetts
Municipal Bond Fund MAB $0.0692 $0.0790 $0.1180 37.0%
Eaton Vance Michigan
Municipal Income Trust EMI $0.0666 $0.0663 $0.0337 35.5%
Eaton Vance Insured
Michigan Municipal
Bond Fund MIW $0.0694 $0.0790 $0.0761 37.3%
Eaton Vance New Jersey
Municipal Income Trust EVJ $0.0698 $0.0646 $0.0330 35.0%
Eaton Vance Insured New
Jersey Municipal Bond
Fund EMJ $0.0694 $0.0800 $0.1140 36.6%
Eaton Vance New York
Municipal Income Trust EVY $0.0765 $0.0758 $0.0747 34.2%
Eaton Vance Insured New
York Municipal Bond
Fund ENX $0.0659 $0.0638 $0.0292 38.1%
Eaton Vance Insured New
York Municipal Bond
Fund II NYH $0.0662 $0.0698 $0.0532 36.5%
Eaton Vance Ohio
Municipal Income Trust EVO $0.0668 $0.0676 $0.0426 35.3%
Eaton Vance Insured
Ohio Municipal Bond
Fund EIO $0.0652 $0.0610 $0.0182 37.0%
Eaton Vance
Pennsylvania Municipal
Income Trust EVP $0.0687 $0.0750 $0.0627 35.7%
Eaton Vance Insured
Pennsylvania Municipal
Bond Fund EIP $0.0653 $0.0700 $0.0470 37.2%
(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 of net asset
value and market prices of common shares).
Each Municipal Income Trust paid a monthly dividend on September 16 to shareholders of record on September 9, 2005. Each Insured Municipal Bond Fund paid a dividend on September 30 to shareholders of record on September 23, 2005. |
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