BOSTON, March 31 /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 April 13, 2009, and the payable date is April 20, 2009. The ex-date is April 9, 2009. The distribution per share, closing market price on March 30, 2009 (or last trade price), and annualized market yield for each Fund are as follows:
Distribution Closing Annualized Fund Per Share Market Yield Price Eaton Vance Municipal Income Trust $0.070000 $9.37 8.96% Eaton Vance California Municipal Income Trust (NYSE Alternext US: CEV) $0.064670 $9.52 8.15% Eaton Vance Massachusetts Municipal Income Trust (NYSE Alternext US: MMV) $0.069917 $12.35 6.79% Eaton Vance Michigan Municipal Income Trust (NYSE Alternext US: EMI) $0.065084 $10.31 7.58% Eaton Vance National Municipal Income Trust (NYSE Alternext US: FEV) $0.070500 $9.67 8.75% Eaton Vance New Jersey Municipal Income Trust (NYSE Alternext US: EVJ) $0.070001 $10.20 8.24% Eaton Vance New York Municipal Income Trust (NYSE Alternext US: EVY) $0.071167 $10.16 8.41% Eaton Vance Ohio Municipal Income Trust (NYSE Alternext US: EVO) $0.065919 $10.31 7.67% Eaton Vance Pennsylvania Municipal Income Trust (NYSE Alternext US: EVP) $0.065833 $9.70 8.14%
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 $121.9 billion in assets as of January 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 http://www.eatonvance.com/.
Eaton Vance Management
CONTACT: Investor Contact, Eaton Vance Management, +1-800-262-1122
Web Site: http://www.eatonvance.com/
