E.vance Ins.calif.fd : Eaton Vance Insured Municipal Bond Funds Declare Monthly Distributions
June 01, 2006 at 12:47 am IST
By
Share
Eaton Vance Management, the Boston-based investment
adviser, today announced the monthly distributions declared on the
common shares of twelve of its closed-end insured municipal bond funds
("Funds"). The record date for the distributions is July 24, 2006, and
the payable date is July 31, 2006. The ex-date is July 20, 2006. The
distribution per share, closing market price on June 29, 2006 (or last
trade price), and annualized market yield for each Fund are as
follows:
-0-
*T
Distribution Closing Annualized
Fund Per Share Market Yield
Price
Eaton Vance Insured Municipal
Bond Fund (AMEX:EIM) $0.064250 $13.72 5.62%
Eaton Vance Insured Municipal
Bond Fund II (AMEX:EIV) $0.065042 $13.89 5.62%
Eaton Vance Insured California
Municipal Bond Fund (AMEX:EVM) $0.062000 $13.52 5.50%
Eaton Vance Insured California
Municipal Bond Fund II (AMEX:EIA) $0.060500 $14.10 5.15%
Eaton Vance Insured Florida Municipal
Bond Fund (AMEX:EIF) $0.059167 $13.20 5.38%
Eaton Vance Insured Massachusetts
Municipal Bond Fund (AMEX:MAB) $0.060667 $14.46 5.03%
Eaton Vance Insured Michigan Municipal
Bond Fund (AMEX:MIW) $0.055666 $13.65 4.89%
Eaton Vance Insured New Jersey
Municipal Bond Fund (AMEX:EMJ) $0.061667 $14.66 5.05%
Eaton Vance Insured New York Municipal
Bond Fund (AMEX:ENX) $0.061333 $13.87 5.31%
Eaton Vance Insured New York Municipal
Bond Fund II (AMEX:NYH) $0.058083 $13.50 5.16%
Eaton Vance Insured Ohio Municipal
Bond Fund (AMEX:EIO) $0.056000 $14.17 4.74%
Eaton Vance Insured Pennsylvania
Municipal Bond Fund (AMEX:EIP) $0.058333 $13.58 5.15%
*T
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.
Common shares of Eaton Vance Insured Municipal Bond Funds are
traded on the American Stock Exchange. The Funds are managed by Eaton
Vance Management, a subsidiary of Eaton Vance Corp., which is listed
on the New York Stock Exchange under the symbol EV. Eaton Vance and
its affiliates had approximately $119 billion in assets under
management as of April 30, 2006. Eaton Vance Management will make
available periodic summary information regarding portfolio
investments. Those interested should call Eaton Vance Management at
(800) 262-1122.
Eaton Vance California Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income tax. The Funds may invest in residual interest bonds, also referred to as inverse floating rate securities, whereby it may sell a variable or fixed rate bond for cash to a Special-Purpose Vehicle (the SPV), while at the same time, buying a residual interest in the assets and cash flows of the SPV. The Fund invests in debt securities issued by California municipalities. The Fund's investment portfolio includes various sectors, such as housing, education, electric utilities, escrowed/pre-refunded, general obligations, senior living/life care, hospital, housing, insured-electric utilities, insured-general obligation, insured-transportation, and water and sewer. Eaton Vance Management is the investment advisor for the Fund.