BOSTON, Jan. 30 /PRNewswire-FirstCall/ -- Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of nine of its closed-end municipal bond funds ("Funds"). The announcement reflects an increase in the monthly distribution for Eaton Vance California Municipal Income Trust (NYSE Alternext US: CEV), Eaton Vance Massachusetts Municipal Income Trust (NYSE Alternext US: MMV), Eaton Vance Michigan Municipal Income Trust (NYSE Alternext US: EMI), Eaton Vance National Municipal Income Trust (NYSE Alternext US: FEV), Eaton Vance New Jersey Municipal Income Trust (NYSE Alternext US: EVJ), Eaton Vance New York Municipal Income Trust (NYSE Alternext US: EVY), Eaton Vance Ohio Municipal Income Trust (NYSE Alternext US: EVO) and Eaton Vance Pennsylvania Municipal Income Trust (NYSE Alternext US: EVP). The record date for the distributions is February 10, 2009, and the payable date is February 17, 2009. The ex-date is February 6, 2009. The distribution per share, closing market price on January 29, 2009 (or last trade price), and annualized market yield for each Fund are as follows:
Distribution Closing Annualized Fund Per Share Market Price Yield Eaton Vance Municipal Income Trust $0.070000 $10.62 7.91% Eaton Vance California Municipal Income Trust (NYSE Alternext US: CEV) $0.059670 $9.75 7.34% Eaton Vance Massachusetts Municipal Income Trust (NYSE Alternext US: MMV) $0.065750 $11.09 7.11% Eaton Vance Michigan Municipal Income Trust (NYSE Alternext US: EMI) $0.060917 $9.04 8.09% Eaton Vance National Municipal Income Trust (NYSE Alternext US: FEV) $0.067167 $9.44 8.54% Eaton Vance New Jersey Municipal Income Trust (NYSE Alternext US: EVJ) $0.068334 $9.48 8.65% Eaton Vance New York Municipal Income Trust (NYSE Alternext US: EVY) $0.069500 $9.50 8.78% Eaton Vance Ohio Municipal Income Trust (NYSE Alternext US: EVO) $0.061752 $10.13 7.32% Eaton Vance Pennsylvania Municipal Income Trust (NYSE Alternext US: EVP) $0.060833 $10.32 7.07%
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., 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 $124.9 billion in assets as of December 31, 2008 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 http://www.eatonvance.com/.
