BOSTON, Jan. 22, 2019 /PRNewswire/ -- The following
mergers were completed at the close of the New York Stock Exchange
on January 18, 2019:
Acquired Fund
(Trading Symbol)
|
Acquiring Fund
(Trading Symbol)
|
Eaton Vance New
Jersey Municipal Bond Fund (EMJ)
|
Eaton Vance Municipal
Bond Fund (EIM)
|
Eaton Vance Ohio
Municipal Bond Fund (EIO)
|
Eaton Vance
Pennsylvania Municipal Bond Fund (EIP)
|
Eaton Vance
Massachusetts Municipal Income Trust (MMV)
|
Eaton Vance Municipal
Income Trust (EVN)
|
Eaton Vance Ohio
Municipal Income Trust (EVO)
|
Eaton Vance
Pennsylvania Municipal Income Trust (EVP)
|
Each merger was based upon the Funds' closing net assets on
January 18, 2019. The exchange
ratio at which common shares of each Acquired Fund were converted
to common shares of the relevant Acquiring Fund is listed
below:
Acquired Fund
(Trading Symbol)
|
Exchange
Ratio
|
Eaton Vance New
Jersey Municipal Bond Fund (EMJ)
|
1.064455143
|
Eaton Vance Ohio
Municipal Bond Fund (EIO)
|
1.013662562
|
Eaton Vance
Pennsylvania Municipal Bond Fund (EIP)
|
1.034833791
|
Eaton Vance
Massachusetts Municipal Income Trust (MMV)
|
1.122489022
|
Eaton Vance Ohio
Municipal Income Trust (EVO)
|
1.115925441
|
Eaton Vance
Pennsylvania Municipal Income Trust (EVP)
|
1.017985612
|
Fractional shares of the relevant Acquiring Fund's common stock
were not issued in the mergers and consequently cash will be
distributed for any such fractional amounts.
About Eaton Vance
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 $423.1 billion in
assets as of December 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
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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content:http://www.prnewswire.com/news-releases/eaton-vance-municipal-closed-end-funds-announce-closing-of-mergers-300781963.html
SOURCE Eaton Vance Management