Eaton Vance Municipal Income Term Trust Report Of Earnings

BOSTON, Oct. 10, 2014 /PRNewswire/ -- Eaton Vance Municipal Income Term Trust (NYSE: ETX) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three and six-month periods ended July 31, 2014. The Trust's fiscal year ends on January 31, 2015.

For the three months ended July 31, 2014, the Trust had net investment income of $2,491,772 ($0.226 per common share). The Trust's net investment income for the six months ended July 31, 2014 was $5,066,602 ($0.459 per common share). In comparison, for the three months ended July 31, 2013, the Trust had net investment income of $2,275,431 ($0.210 per common share). The Trust's net investment income for the period from the start of business, March 28, 2013, to July 31, 2013, was $2,663,153 ($0.248 per common share).

Net realized and unrealized gains for the three months ended July 31, 2014 were $6,062,308 ($0.559 per common share). The Trust's net realized and unrealized gains for the six months ended July 31, 2014 were $19,562,509 ($1.783 per common share). In comparison, net realized and unrealized losses for the three months ended July 31, 2013 were $43,854,620 ($4.022 per common share). The Trust's net realized and unrealized losses for the period from the start of business, March 28, 2013, to July 31, 2013 were $37,729,052 ($3.425 per common share).

On July 31, 2014, net assets of the Trust were $207,216,400. The net asset value per common share on July 31, 2014 was $18.82 based on 11,013,144 common shares outstanding. In comparison, on July 31, 2013, net assets of the Trust were $173,638,431. The net asset value per common share on July 31, 2013 was $15.74 based on 11,031,844 common shares outstanding.

The Trust periodically makes certain performance data and information about portfolio characteristics available on www.eatonvance.com (on the fund information page under "Individual Investors – Closed-End Funds"). Trust portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end. 

The Trust is 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 $288.2 billion in assets as of July 31, 2014 offering individuals and institutions a broad array of investment strategies 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.

SOURCE Eaton Vance Management