EV Municipal Bond Stock Price, News & Analysis

Eaton Vance Municipal Bond Fund (NYSE American: EIM) has announced the final results of its cash tender offer. The Fund will purchase 2,703,821 common shares at a purchase price of $10.1002 per share, representing 98% of the Fund's NAV as of September 4, 2025.

Due to high participation, with 13,297,302 shares properly tendered, the Fund will purchase shares on a pro-rata basis with a pro-ration factor of 20.333606%. After the tender offer completion, the Fund will have 51,372,599 outstanding common shares.

Eaton Vance Municipal Bond Fund (NYSE American: EIM) announced the adjournment of its Annual Meeting of Shareholders to September 16, 2025 at 11:30 a.m. Eastern Time. The meeting, which was held to elect three Class II Trustees, was postponed to allow shareholders additional time to cast their votes.

The record date remains August 20, 2025. Eligible shareholders who haven't voted yet are encouraged to submit their votes using the methods outlined in the Fund's proxy materials, which can be accessed through the Eaton Vance website.

Eaton Vance Municipal Bond Fund (NYSE American: EIM) has announced preliminary results of its cash tender offer that expired on September 4, 2025. The Fund offered to purchase up to 2,703,821 common shares (5% of outstanding shares) at $10.1002 per share, representing 98% of the Fund's NAV.

The tender offer was significantly oversubscribed with 13,297,302 shares properly tendered. Due to the oversubscription, the Fund will purchase shares on a pro-rata basis. Final results are expected to be announced around September 8, 2025.

Eaton Vance Municipal Bond Fund (NYSE American: EIM) has announced a cash tender offer to purchase up to 5% of its outstanding common shares. The tender offer will be priced at 98% of the fund's net asset value (NAV) per share, determined at market close on the expiration date.

The tender offer will expire on September 4, 2025 at 5:00 p.m. Eastern Time. If the tender offer is oversubscribed, shares will be purchased on a pro-rata basis. During the tender offer period, the Fund may sell portfolio instruments and maintain a higher cash position than normal.

Saba Capital Management, the largest shareholder of Eaton Vance California Municipal Bond Fund (NYSE: EVM) and Eaton Vance New York Municipal Bond Fund (NYSE: ENX), has reached standstill agreements with Eaton Vance Management. Under these agreements, Eaton Vance Management will recommend to each Fund's Board the liquidation and termination of both funds, subject to shareholder approval.

As part of the agreement, Saba Capital will withdraw its previously submitted proposals and trustee nominations for the Funds' 2025 annual meetings. The agreements include standard standstill provisions and voting commitments.

Eaton Vance California Municipal Bond Fund (NYSE American: EVM) and Eaton Vance New York Municipal Bond Fund (NYSE American: ENX) have announced plans for liquidation and termination. The proposal requires shareholder approval at the 2025 Annual Meeting scheduled for September 23, 2025.

The Boards of Trustees and Eaton Vance Management have determined the liquidation is in the best interests of the Funds and shareholders. Notably, Saba Capital Management, a major shareholder, has agreed to withdraw its shareholder proposals and support the liquidation through standstill agreements.

Shareholders of record as of July 14, 2025, will receive proxy materials containing detailed information about the proposed liquidation.

Eaton Vance Municipal Bond Fund (NYSE American: EIM) has announced a tender offer to purchase up to 5% of its outstanding common shares. The tender offer was triggered after the Fund's shares traded at an average discount to NAV of more than 7.5% during the measurement period from March 10, 2025, through July 9, 2025.

The tender offer is expected to commence on August 6, 2025, and expire on September 4, 2025. Shareholders will be able to tender their shares at 98% of NAV per share as determined on the expiration date. If the tender offer is oversubscribed, shares will be purchased on a pro-rata basis.

Eaton Vance Municipal Bond Fund (EIM) has announced the final results of its cash tender offer. The Fund will purchase 2,846,127 common shares at $10.7664 per share (98% of NAV) from the 15,329,937 shares properly tendered, representing a pro-ration factor of 18.565785%. After the tender offer, the Fund will have 54,076,420 outstanding common shares.

Additionally, EIM announced a Second Conditional Tender Offer measurement period from March 10, 2025, through July 9, 2025. If during this period the Fund's shares trade at an average discount to NAV of more than 7.5%, the Fund will conduct another tender offer for up to 5% of outstanding shares at 98% of NAV within 20 business days of the trigger event.

Eaton Vance Municipal Bond Fund (EIM) has announced preliminary results of its cash tender offer that expired on January 10, 2025. The Fund offered to purchase up to 2,846,127 common shares, representing 5% of its outstanding common shares. The tender offer received 15,329,957 properly tendered shares at a purchase price of $10.7664 per share, which equals 98% of the Fund's NAV as of January 10, 2025.

Due to the tender offer being oversubscribed, with more shares tendered than offered for purchase, the Fund will implement a pro-rata allocation system for the properly tendered shares. Final results are expected to be announced around January 14, 2025. EQ Fund Solutions, serves as the information agent for the tender offer.