Eaton Vance Municipal Income Trusts Declare Increases in Monthly Distributions

Jan 29, 2010, 14:11 ET from Eaton Vance Management

BOSTON, Jan. 29 /PRNewswire-FirstCall/ -- Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of eight of its closed-end municipal bond funds ("Funds"). The announcement reflects an increase in the monthly distribution for Eaton Vance Municipal Income Trust (NYSE: EVN), Eaton Vance California Municipal Income Trust (NYSE Amex: CEV) and Eaton Vance New York Municipal Income Trust (NYSE Amex: EVY). The record date for the distributions is February 10, 2010, and the payable date is February 17, 2010. The ex-date is February 8, 2010. The distribution per share, closing market price on January 28, 2010 (or last trade price), and annualized market yield for each Fund is as follows:

                                    Distribution      Closing      Annualized
    Fund                             Per Share      Market Price     Yield
    Eaton Vance Municipal
     Income Trust (NYSE:   EVN)        $0.079166         $11.98        7.93%
    Eaton Vance California
     Municipal Income Trust
     (NYSE Amex:   CEV)                $0.073837         $12.32        7.19%
    Eaton Vance Massachusetts
     Municipal Income Trust
     (NYSE Amex:   MMV)                $0.075500         $14.10        6.43%
    Eaton Vance Michigan
     Municipal Income Trust
     (NYSE Amex:   EMI)                $0.071584         $12.07        7.12%
    Eaton Vance New Jersey
     Municipal Income Trust
     (NYSE Amex:   EVJ)                $0.079001         $14.15        6.70%
    Eaton Vance New York
     Municipal Income Trust
     (NYSE Amex:   EVY)                $0.075834         $13.35        6.82%
    Eaton Vance Ohio Municipal
     Income Trust (NYSE Amex:   EVO)   $0.074252         $13.27        6.71%
    Eaton Vance Pennsylvania
     Municipal Income Trust
     (NYSE Amex:   EVP)                $0.072250         $13.15        6.59%

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.

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 financial products and wealth solutions including mutual funds, managed accounts, variable trusts and charitable giving services.  A combination of tradition, proven long-term performance and more than 80 years of experience have made Eaton Vance the investment manager of choice for many investors.  For more information about Eaton Vance, visit

SOURCE Eaton Vance Management