EVO Eaton Vance Ohio Municipal Income Trust Shares of Beneficial Interest

BOSTON, Jan. 2, 2019 /PRNewswire/ -- The Eaton Vance closed-end funds listed below (the "Funds") today announced the following final pre-merger distributions.  In order to comply with requirements under the Internal Revenue Code, the distributions are intended to fully distribute the Funds' accumulated undistributed net investment income (UNII) prior to mergers.

Declaration – 1/2/2019   Ex-Date – 1/11/2019      Record – 1/14/2019       Payable – 1/22/2019 

Declaration – 1/2/2019   Ex-Date – 1/11/2019      Record – 1/14/2019       Payable – 1/31/2019 

As this special distribution includes all net investment income earned by each Fund in earlier periods and not previously distributed, it is not indicative of the amount of the combined fund's future monthly distributions.

As previously announced, shareholders of each Fund approved the merger of the Fund into its corresponding Acquiring Fund. 

Each merger is currently expected to be completed as of the close of business of the New York Stock Exchange on or about January 18, 2019, subject to the satisfaction of customary closing conditions.  If each merger is completed as scheduled, shareholders who have elected to reinvest their distributions pursuant to a Fund's dividend reinvestment plan will receive a cash distribution.

Each Fund is a closed-end management investment company sponsored and managed by Eaton Vance Management. Each Fund trades on the NYSE American with the exception of Eaton Vance Municipal Income Trust, which trades on the New York Stock Exchange.

Fund distributions may be affected by numerous factors, including changes in Fund performance, the cost of financing for Funds that employ leverage, portfolio holdings, realized and projected returns, and other factors. There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in a Fund's distributions at a future time.

A portion of the distributions may be comprised of amounts from sources other than net investment income.  If that is the case, you will be notified in writing.  Further information will be available prior to the payment date at funds.eatonvance.com.  The final determination of tax characteristics of each Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

Eaton Vance is a subsidiary of Eaton Vance Corp. (NYSE: EV).  Eaton Vance is a leading global asset manager whose history dates to 1924. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $439.3 billion in assets as of October 31, 2018, offering individuals and institutions a broad array of investment strategies and wealth management solutions. For more information, visit eatonvance.com.

Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses.

Additional Information about the Funds and the Mergers

This press release is for informational purposes only and is not intended to, and does not, constitute an offer to purchase or sell shares of the Funds.

Fund shares are subject to investment risk, including possible loss of principal invested.  No Fund is a complete investment program and you may lose money investing in a Fund.  An investment in a Fund may not be appropriate for all investors.  Additional information about the Funds, including performance and portfolio characteristic information, is available at www.eatonvance.com.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond a Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

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SOURCE Eaton Vance Management