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Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available


News provided by

Eaton Vance Management

Feb 09, 2010, 03:51 ET

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BOSTON, Feb. 9 /PRNewswire-FirstCall/ -- Eaton Vance Management today disclosed certain data for the Eaton Vance closed-end municipal bond funds (the "Funds"):

Earnings per Common Share – The average monthly net investment income per common share (after payment of preferred dividends) for the three months ended December 31, 2009;

Dividend per Common Share – The monthly dividend per common share paid in December 2009;

Undistributed Net Investment Income (UNII) 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 December 31, 2009.

Leverage – The ratio of outstanding auction rate preferred shares (a source of the Funds' financial leverage) ("APS") to total assets as of December 31, 2009.(1)

Earnings and UNII will fluctuate over time due to fund activity and /or market factors.

For more information about a Fund, please see the Funds' annual and semi annual shareholder reports or contact your financial adviser.  In addition, Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance at (800) 262-1122.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $163.1 billion in assets as of December 31, 2009, offering individuals and institutions a broad array of investment products and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

    
    
    Closed-End Fund Earnings Data December 31, 2009
    Earnings and UNII are 3 month averages unless indicated
    
                                        3 Month             3 Month
                                          Avg.     December   Avg.
                                        Earnings/  Dividend/  UNII/
    Fund                         Ticker  Share     Share      Share  Leverage*
    Eaton Vance Municipal 
     Income Trust                  EVN  $0.08220   $0.07583 $0.08590   32.50%
    Eaton Vance Insured Municipal
     Bond Fund^                    EIM  $0.07530   $0.07467 $0.12980     +
    Eaton Vance Insured Municipal
     Bond Fund II^                 EIV  $0.07990   $0.07687 $0.16090   27.30%
    Eaton Vance National
     Municipal Opportunities
     Trust                         EOT  $0.10190   $0.10333 $0.04900      +
    Eaton Vance California
     Municipal Income Trust        CEV  $0.07550   $0.07217 $0.07960   35.50%
    Eaton Vance Insured
     California Municipal Bond
     Fund^                         EVM  $0.07180   $0.06992 $0.11510      +
    Eaton Vance Insured
     California Municipal Bond
     Fund II^                      EIA  $0.07300   $0.07092 $0.09080   36.00%
    Eaton Vance Massachusetts
     Municipal Income Trust        MMV  $0.07400   $0.07550 $0.10870   34.70%
    Eaton Vance Insured
     Massachusetts Municipal Bond
     Fund^                         MAB  $0.07040   $0.06916 $0.07180   35.90%
    Eaton Vance Michigan
     Municipal Income Trust        EMI  $0.06920   $0.07158 $0.08780   38.80%
    Eaton Vance Insured Michigan
     Municipal Bond Fund^          MIW  $0.07330   $0.07199 $0.10190   38.60%
    Eaton Vance New Jersey
     Municipal Income Trust        EVJ  $0.07740   $0.07900 $0.11030   34.40%
    Eaton Vance Insured New
     Jersey Municipal Bond Fund^   EMJ  $0.07540   $0.07542 $0.11360   35.70%
    Eaton Vance New York
     Municipal Income Trust        EVY  $0.07510   $0.07334 $0.06350   31.90%
    Eaton Vance Insured New York
     Municipal Bond Fund^          ENX  $0.06960   $0.06692 $0.07230      +
    Eaton Vance Insured New York
     Municipal Bond Fund II^       NYH  $0.07100   $0.07267 $0.14170   28.70%
    Eaton Vance Ohio Municipal
     Income Trust                  EVO  $0.07170   $0.07425 $0.10460   37.00%
    Eaton Vance Insured Ohio
     Municipal Bond Fund^          EIO  $0.06510   $0.06183 $0.07140   35.10%
    Eaton Vance Pennsylvania
     Municipal Income Trust        EVP  $0.06850   $0.07225 $0.08230   36.30%
    Eaton Vance Insured
     Pennsylvania Municipal Bond
     Fund^                         EIP  $0.06940   $0.06900 $0.13660   36.10%
    
    

*Based on total assets.  Leverage achieved through the issuance of APS.  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).  Please see note above entitled "Leverage" for further information on these percentages.

+ In 2008, the Fund redeemed in full its APS.

^ Effective February 1, 2010, the Fund's name was changed by dropping the word "Insured" therefrom.  The Fund's ticker symbol did not change

Each Municipal Income Trust paid a monthly dividend on December 17, 2009 to shareholders of record on December 10, 2009. Each Insured Municipal Bond Fund paid a monthly dividend on December 31, 2009 to shareholders of record on December 24, 2009.  As portfolio and market conditions change, the rate of future distributions may change.

(1) The leverage percentage quoted refers only to the ratio involving a Fund's APS outstanding on December 31, 2009.  During 2008, three of the Funds redeemed their APS in full while many other have redeemed their APS in part.  Replacement financing for these Funds has been provided by the creation of Tender Option Bond trusts.

SOURCE Eaton Vance Management

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