Eaton Vance Insured Municipal Bond Funds Declare Monthly Distributions.BOSTON -- Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of twelve of its closed-end insured municipal bond funds ("Funds"). The announcement reflects a reduction in the monthly dividend for ten of the twelve funds (EIM EIM Enterprise Incentive Management EIM Enterprise Information Management EIM Enterprise Identity Mapping (IBM) EIM Enterprise Instant Messaging EIM Employee Internet Management EIM European Institute for the Media , EIV EIV Enterprise Income Verification (US HUD) EIV Elektronischen Informationsverteiler EIV Equine Influenza Virus EIV Emerson Independent Video EIV External Iliac Vein EIV Emergency Isolation Valve EIV Emplacement Installation Vehicle , EVM EVM Earned Value Management EVM Evaluation Module EVM Error Vector Magnitude EVM Electronic Voting Machine EVM Expert Group on Vitamins and Minerals EVM Economic Value Management EVM Extraneous Vegetable Matter EVM Extra-Value Meal EVM Electronic Voltmeter , EIA (Electronic Industries Alliance, Arlington, VA, www.eia.org) A membership organization founded in 1924 as the Radio Manufacturing Association. It sets standards for consumer products and electronic components. , MAB, MIW, EMJ, ENX, EIO & EIP). The record date for the distributions is June 23, 2006, and the payable date is June 30, 2006. The ex-date is June 21, 2006. The distribution per share, closing market price on May 30, 2006 (or last trade price), and annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. market yield for each Fund are as follows: Distribution Closing Annualized Fund Per Share Market Price Yield Eaton Vance Insured Municipal Bond Fund (AMEX:EIM) $ 0.064250 $ 14.44 5.34% Eaton Vance Insured Municipal Bond Fund II (AMEX:EIV) $ 0.065042 $ 14.63 5.33% Eaton Vance Insured California Municipal Bond Fund (AMEX:EVM) $ 0.062000 $ 14.19 5.24% Eaton Vance Insured California Municipal Bond Fund II (AMEX:EIA) $ 0.060500 $ 14.81 4.90% Eaton Vance Insured Florida Municipal Bond Fund (AMEX:EIF) $ 0.059167 $ 13.32 5.33% Eaton Vance Insured Massachusetts Municipal Bond Fund (AMEX:MAB) $ 0.060667 $ 15.20 4.79% Eaton Vance Insured Michigan Municipal Bond Fund (AMEX:MIW) $ 0.055666 $ 14.30 4.67% Eaton Vance Insured New Jersey Municipal Bond Fund (AMEX:EMJ) $ 0.061667 $ 15.35 4.82% Eaton Vance Insured New York Municipal Bond Fund (AMEX:ENX) $ 0.061333 $ 13.65 5.39% Eaton Vance Insured New York Municipal Bond Fund II (AMEX:NYH) $ 0.058083 $ 13.90 5.01% Eaton Vance Insured Ohio Municipal Bond Fund (AMEX:EIO) $ 0.056000 $ 14.72 4.57% Eaton Vance Insured Pennsylvania Municipal Bond Fund (AMEX:EIP) $ 0.058333 $ 14.26 4.91% 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. Common shares of Eaton Vance Insured Municipal Bond Funds are traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . 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 $119 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. as of April 30, 2006. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance at 617-482-8260. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion