Eaton Vance Insured Municipal Bond Funds Declare Monthly Dividends.BOSTON -- Eaton Vance Management, the Boston-based investment adviser, today announced the monthly dividends declared on the common shares of twelve of its closed-end insured municipal bond funds. The announcement reflects a reduction in the monthly dividend for three of the twelve funds (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 , ENX ENX European Network Exchange ENX Eneighborhoods Document (File Extension) ENX E-Neighborhoods Document & EIO (Enhanced I/O) A hardware interface for HP printers that is used for adding an internal print server and network adapter, a hard disk and other plug-in functionality. EIO cards are smaller than previous MIO cards and more energy efficient. They use the PCI bus. See MIO. ). The amount of monthly dividend distributions may vary depending on a number of factors, including changes in portfolio and market conditions. The record date for the dividends is January 24, 2005, and the payable date is January 31, 2005. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. is January 20, 2005. The dividend per share, closing market price on December 30, 2004 (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:
Closing Annua-
Dividend Market lized
Fund Per Share Price Yield
Eaton Vance Insured Municipal Bond Fund
(AMEX:EIM) $ 0.078125 $ 13.56 6.91%
Eaton Vance Insured Municipal Bond Fund
II (AMEX:EIV) $ 0.083375 $ 14.78 6.77%
Eaton Vance Insured California Municipal
Bond Fund (AMEX:EVM) $ 0.073000 $ 13.32 6.58%
Eaton Vance Insured California Municipal
Bond Fund II (AMEX:EIA) $ 0.079000 $ 13.99 6.78%
Eaton Vance Insured Florida Municipal
Bond Fund (AMEX:EIF) $ 0.077500 $ 15.65 5.94%
Eaton Vance Insured Massachusetts
Municipal Bond Fund (AMEX:MAB) $ 0.079000 $ 16.67 5.69%
Eaton Vance Insured Michigan Municipal
Bond Fund (AMEX:MIW) $ 0.079000 $ 15.96 5.94%
Eaton Vance Insured New Jersey Municipal
Bond Fund (AMEX:EMJ) $ 0.080000 $ 15.80 6.08%
Eaton Vance Insured New York Municipal
Bond Fund (AMEX:ENX) $ 0.072000 $ 13.21 6.54%
Eaton Vance Insured New York Municipal
Bond Fund II (AMEX:NYH) $ 0.080250 $ 14.29 6.74%
Eaton Vance Insured Ohio Municipal Bond
Fund (AMEX:EIO) $ 0.076000 $ 16.30 5.60%
Eaton Vance Insured Pennsylvania
Municipal Bond Fund (AMEX:EIP) $ 0.078125 $ 16.60 5.65%
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 over $94 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 October 31, 2004. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance at 617-482-8260. |
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