EV Municipal Income Stock Price, News & Analysis
Company Description
Eaton Vance Municipal Income Trust (EVN) is a United States-based diversified, closed-end management investment company in the financial services sector. Classified within asset management, the trust is designed as an investment vehicle whose stated objective is to provide current income that is exempt from regular federal income tax.
The trust invests primarily in a portfolio of debt instruments issued by governments and municipal organizations. According to available information, the interest on these securities is exempt from regular federal income tax. The portfolio also has some exposure to corporate bonds and other instruments, which can add diversification beyond municipal issuers while maintaining the overall income focus.
Eaton Vance Municipal Income Trust is organized under the laws of Massachusetts, as indicated in its regulatory filings. Its common shares of beneficial interest, with a par value of $0.01 per share, are listed on the New York Stock Exchange (NYSE) under the trading symbol EVN. As a closed-end fund, it issues a fixed number of shares that trade on the exchange, and investors buy and sell these shares in the secondary market.
The trust’s investment approach, as reflected in its stated objective and portfolio composition, centers on tax-exempt income from municipal and government-related debt. The inclusion of some corporate bonds and other instruments provides additional sources of fixed-income exposure within the fund’s mandate.
Corporate governance for Eaton Vance Municipal Income Trust is overseen by a Board of Trustees. Regulatory filings show that the Board may adjust its size and leadership over time. For example, a filing reports that the Board reduced its size from ten to nine members following the unexpected passing of its then Chairperson, and that an acting Chairperson was appointed during the transition. A subsequent filing notes that the Board appointed a new Chairperson of the Board for a defined term. These events illustrate the role of the Board in supervising the trust’s affairs and maintaining continuity in governance.
As a registered investment company with securities listed on the NYSE, Eaton Vance Municipal Income Trust is subject to ongoing disclosure requirements, including current reports on Form 8-K that describe material events related to governance and other matters. These filings provide insight into the trust’s legal structure, jurisdiction of incorporation, and the class of securities registered under the Securities Exchange Act.
Business model and investment focus
The trust’s business model is based on managing a portfolio of income-producing securities, with an emphasis on municipal and government-related debt whose interest is exempt from regular federal income tax. By holding these instruments within a closed-end structure, the trust seeks to deliver a stream of tax-exempt income to its shareholders, while its shares trade on the NYSE under the symbol EVN.
The presence of corporate bonds and other instruments in the portfolio, as disclosed in available descriptions, indicates that the trust may hold taxable or other types of fixed-income securities alongside its core municipal holdings. This combination shapes the overall risk and income characteristics of the fund within the parameters of its stated objective.
Regulatory and exchange listing details
Regulatory filings identify Eaton Vance Municipal Income Trust as a Massachusetts entity with a Commission File Number of 811-09141 and an Internal Revenue Service employer identification number. The trust’s common shares of beneficial interest are registered pursuant to Section 12(b) of the Securities Exchange Act and trade on the New York Stock Exchange under the symbol EVN. These filings also confirm that the trust is an investment company subject to the Investment Company Act framework.
Governance and Board structure
The trust is overseen by a Board of Trustees, which is responsible for governance matters. In one Form 8-K, the trust reports that its Chairperson of the Board unexpectedly passed away, that an acting Chairperson assumed responsibilities, and that the Board reduced its size from ten to nine members. In a later Form 8-K, the trust reports that the Board appointed a new Chairperson of the Board for a four-year term, replacing the acting Chairperson. These disclosures highlight how the Board responds to changes in leadership and adjusts its composition.
Role within the asset management sector
Within the broader financial services and asset management sector, Eaton Vance Municipal Income Trust functions as a closed-end fund focused on municipal and related fixed-income securities. Its emphasis on income exempt from regular federal income tax positions it among investment vehicles that seek to offer tax-advantaged income through portfolios of municipal and government debt, supplemented by some corporate bonds and other instruments as disclosed.
Key structural characteristics
- Type of entity: Diversified, closed-end management investment company.
- Sector and industry: Financial services, asset management.
- Jurisdiction of incorporation: Massachusetts, as stated in SEC filings.
- Exchange listing: Common shares of beneficial interest listed on the NYSE under the symbol EVN.
- Primary objective: Provide current income exempt from regular federal income tax.
- Portfolio focus: Debt instruments of governments and municipal organizations with interest exempt from regular federal income tax, with some exposure to corporate bonds and other instruments.
FAQs about Eaton Vance Municipal Income Trust (EVN)
What is Eaton Vance Municipal Income Trust (EVN)?
Eaton Vance Municipal Income Trust is a United States-based diversified, closed-end management investment company in the asset management industry. It is structured as a trust that issues common shares of beneficial interest listed on the New York Stock Exchange under the symbol EVN.
What is the investment objective of Eaton Vance Municipal Income Trust?
According to available information, the trust’s investment objective is to provide current income exempt from regular federal income tax. It seeks to achieve this objective primarily through investments in certain types of debt instruments.
What does EVN invest in?
The trust’s portfolio of investments consists mainly of debt instruments of governments and municipal organizations, where the interest is exempt from regular federal income tax. It also has some exposure to corporate bonds and other instruments, as described in its available profile.
On which exchange do EVN shares trade?
Common shares of beneficial interest of Eaton Vance Municipal Income Trust, with a par value of $0.01 per share, are registered under the Securities Exchange Act and trade on the New York Stock Exchange under the ticker symbol EVN.
How is Eaton Vance Municipal Income Trust classified within the financial sector?
The trust is classified in the financial services sector, within the asset management industry, and operates as a closed-end management investment company.
Where is Eaton Vance Municipal Income Trust organized?
Regulatory filings identify Eaton Vance Municipal Income Trust as being organized under the laws of Massachusetts, which is listed as its jurisdiction of incorporation.
Who oversees Eaton Vance Municipal Income Trust?
The trust is overseen by a Board of Trustees. SEC filings describe events such as the passing of a former Chairperson of the Board, the appointment of an acting Chairperson, a reduction in the size of the Board, and the later appointment of a new Chairperson for a defined term.
What types of regulatory filings does EVN make?
As a registered investment company with securities listed on the NYSE, Eaton Vance Municipal Income Trust files reports with the SEC, including current reports on Form 8-K that disclose material events such as changes in Board leadership and Board size.