Eaton Vance Municipal Income Trusts Declare Monthly Distributions.BOSTON -- 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, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of nine of its closed-end 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. ("Funds"). The record date for the distributions is July 10, 2006, and the payable date is July 17, 2006. The ex-date Ex-Date The date on or after which a security is traded without a previously declared dividend or distribution. After the ex-date, a stock is said to trade ex-dividend. Notes: is July 6, 2006. The distribution per share, closing market price on June 29, 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 Price Yield Eaton Vance Municipal Income Trust (NYSE:EVN) $0.075000 $15.43 5.83% Eaton Vance California Municipal Income Trust (AMEX:CEV) $0.056336 $13.69 4.94% Eaton Vance Florida Municipal Income Trust (AMEX:FEV) $0.060500 $13.44 5.40% Eaton Vance Massachusetts Municipal Income Trust (AMEX:MMV) $0.053250 $14.54 4.39% Eaton Vance Michigan Municipal Income Trust (AMEX:EMI) $0.058000 $13.80 5.04% Eaton Vance New Jersey Municipal Income Trust (AMEX:EVJ) $0.056251 $14.20 4.75% Eaton Vance New York Municipal Income Trust (AMEX:EVY) $0.060750 $14.37 5.07% Eaton Vance Ohio Municipal Income Trust (AMEX:EVO) $0.057585 $14.12 4.89% Eaton Vance Pennsylvania Municipal Income Trust (AMEX:EVP) $0.057500 $13.69 5.04% 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 Municipal Income Trust are traded 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. , and common shares of the state 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 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 Management at (800) 262-1122. |
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