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[SCHEDULE 13D/A] Eaton Vance New York Municipal Bond Fund SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary

Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC report beneficial ownership of 2,792,476 shares of Eaton Vance New York Municipal Bond Fund common stock, representing 15.6% of the outstanding shares based on 17,961,289 shares reported outstanding as of March 31, 2025. The reported shares are held in client accounts for which the Sit entities share voting and dispositive power, and clients retain rights to dividends and proceeds from sales of those shares. This amendment updates the prior Schedule 13D filings and confirms that none of the Sit entities' directors or executive officers own the shares directly.

Positive
  • Material stake disclosed: Sit entities report beneficial ownership of 2,792,476 shares (15.6%), improving transparency for investors
  • Shared voting/dispositive power disclosed, clarifying the governance influence held via client accounts
Negative
  • No statements of intent or plans regarding voting strategy or proposed actions, limiting insight into potential governance changes
  • Exhibit A referenced but not included here, so recent transaction details for the last 60 days are not available in this text

Insights

TL;DR: Sit entities hold a significant 15.6% stake via client accounts, which could influence governance without direct officer ownership.

The disclosure shows an institutional stake large enough to be meaningful to other shareholders and the board, at 15.6% of the fund's outstanding shares. Because the shares are held in client accounts with shared voting and dispositive power, Sit may coordinate voting but does not report direct ownership by executives, which limits insider-alignment signals. No transactions detail is included here beyond a reference to Exhibit A; recent trades in the last 60 days would be needed to assess accumulation or disposition trends. Overall, the filing is material for shareholder composition but provides limited information on intent or voting plans.

TL;DR: A 15.6% beneficial position held with shared voting power is material to governance but shows no direct insider ownership.

The Sit entities' shared voting power over a sizeable block could affect proxy outcomes, especially in a closed-end fund context where activist or large advisory positions matter. The filing does not state any proposal, agreement, or plan to change control or board composition. Absence of direct holdings by executives reduces conflict-of-interest signals, but the report indicates clients receive dividends and sale proceeds, confirming economic exposure. Investors should review Exhibit A for recent transaction timing to understand whether this represents accumulation or a stable client allocation.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Sit Investment Associates, Inc.
Signature:/s/ Roger J. Sit
Name/Title:Roger J. Sit, Chairman & CEO
Date:09/08/2025
Sit Fixed Income Advisors II, LLC
Signature:/s/ Roger J. Sit
Name/Title:Roger J. Sit, Chairman & CEO
Date:09/08/2025

FAQ

How many Eaton Vance New York Municipal Bond Fund (ENX) shares do the Sit entities beneficially own?

The Sit entities report beneficial ownership of 2,792,476 shares, representing 15.6% of the outstanding shares as reported.

What is the total number of ENX shares outstanding used to calculate the 15.6%?

The percentage is based on 17,961,289 shares outstanding as reported by the issuer as of March 31, 2025.

Do Sit's directors or executive officers own the reported shares directly?

No; the filing states that none of SIA's or SFI's directors or executive officers own shares directly.

Do the Sit entities have voting and dispositive power over the shares?

Yes; each Sit entity may be deemed to have shared power to vote and dispose of the reported shares held in client accounts.

Are recent transactions in ENX by the Sit entities disclosed here?

The filing references Exhibit A for transactions in the last 60 days, but those transaction details are not included in this content.
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