EIM
Eaton Vance Municipal Bond FundEIM
EIM
About: Eaton Vance Municipal Bond Fund is a non-diversified closed-end management investment company. It consists of Municipal bond fund, California municipal bond fund, and New York municipal bond fund. The company's investment objective is to provide current income exempt from regular federal income tax, alternative minimum tax, and taxes in specified states. Its investment plan is to invest in higher quality bonds.
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
1% more funds holding
Funds holding: 110 [Q2] → 111 (+1) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
9% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 34
16.06% less ownership
Funds ownership: 44.78% [Q2] → 28.72% (-16.06%) [Q3]
35% less capital invested
Capital invested by funds: $337M [Q2] → $219M (-$118M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for EIM.
Financial journalist opinion
Based on 4 articles about EIM published over the past 30 days
Neutral
Business Wire
1 week ago
Eaton Vance Municipal Bond Fund Announces Final Results of Tender Offer
BOSTON--(BUSINESS WIRE)--Eaton Vance Municipal Bond Fund (NYSE American: EIM) (the “Fund”) announced today the final results of the Fund's cash tender offer for the following amount of its outstanding common shares (the “Tender Offer”). The Tender Offer expired at 5:00 p.m. Eastern Time on January 10, 2025. The final results of the Tender Offer based on a count by Equiniti Trust Company, LLC, the depositary for the Tender Offer, are provided in the table below. Common Shares Offered to Purchase.
Neutral
Business Wire
1 week ago
Eaton Vance Municipal Bond Fund Announces Preliminary Results of Tender Offer
BOSTON--(BUSINESS WIRE)--Eaton Vance Municipal Bond Fund (NYSE American: EIM) (the “Fund”) announced today the preliminary results of the Fund's cash tender offer for up to 5% of its outstanding common shares that expired at 5:00 p.m. Eastern Time on January 10, 2025 (the “Tender Offer”). The table below shows the preliminary results for the Fund: Common Shares Offered to Purchase Pursuant to the Tender Offer Common Shares Properly Tendered Purchase Price of Properly Tendered Common Shares* 2,8.
Neutral
Business Wire
2 weeks ago
Eaton Vance Municipal Bond Fund Announces Extension of Tender Offer
BOSTON--(BUSINESS WIRE)--Eaton Vance Municipal Bond Fund (NYSE American: EIM) (the “Fund”) announced today the extension of the Fund's cash tender offer (the “Tender Offer”) for up to 5% of its outstanding common shares at a price per share equal to 98% of its net asset value (“NAV”) per share, determined as of the close of regular trading on the New York Stock Exchange on the day the Tender Offer expires. The Tender Offer, which was previously scheduled to expire on January 9, 2025 at 5:00 p.m.
Positive
Seeking Alpha
3 weeks ago
EIM: Enjoying Tax-Free Income And Tender Offers
Eaton Vance Municipal Bond Fund offers tax-free income as a municipal bond-focused closed-end fund. EIM's leverage and interest rate sensitivity pose risks, but rate cuts bode well for the costs of borrowing to decline and lead to NII increasing. EIM's current discount isn't that appealing historically, but the tender offers provide opportunities for investors to realize some of that discount.
Neutral
Business Wire
1 month ago
Eaton Vance Municipal Bond Fund Announces Commencement of Tender Offer
BOSTON--(BUSINESS WIRE)--Eaton Vance Municipal Bond Fund (NYSE American: EIM) (the “Fund”) announced today the commencement of a cash tender offer (the “Tender Offer”) for up to 5% of its outstanding common shares at a price per share equal to 98% of its net asset value (“NAV”) per share, determined as of the close of regular trading on the New York Stock Exchange on the day the Tender Offer expires. The Tender Offer will expire on January 9, 2025 at 5:00 p.m. Eastern Time or on such later date.
Neutral
Business Wire
1 month ago
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 12/2/2024 Ex-Date – 12/12/2024 Record – 12/12/2024 Payable – 12/19/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 11/29/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.65 5.63% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.79.
Negative
Seeking Alpha
1 month ago
CEF Weekly Review: Over-Generous Managed Distribution Policies Will Disappoint
We review the CEF market valuation and performance through the third week of November and highlight recent market action. CEFs faced challenges this week due to inflation concerns and higher Treasury yields, with REIT funds underperforming and MLP funds leading month-to-date. Allspring CEFs increased their managed distribution rates, potentially causing NAV drag due to distributions exceeding total NAV returns, risking future distribution cuts.
Neutral
Business Wire
2 months ago
Eaton Vance Municipal Bond Fund Announces Tender Offer to Purchase up to 5% of Outstanding Shares
BOSTON--(BUSINESS WIRE)--Eaton Vance Municipal Bond Fund (NYSE American: EIM) (the “Fund”) previously announced that the Fund will conduct a tender offer for up to 5% of the Fund's then-outstanding common shares if, during the four-month measurement period beginning July 9, 2024 through November 8, 2024, the Fund's common shares trade at an average discount to net asset value (“NAV”) of more than 7.5% (based upon the average of the difference between its volume-weighted average market price and.
Positive
Seeking Alpha
3 months ago
Municipal CEF Update: Discounts And Rates Deliver A Rally
We discuss Muni CEF performance, distributions and valuations in this latest update. Municipal CEFs have outperformed due to high rates, wide discounts, and rising distributions, however the easy money has mostly been made in our view. Municipal bonds remain attractive compared to corporate bonds, but Muni CEF discounts have tightened to historic averages, reducing their previous appeal.
Neutral
Business Wire
3 months ago
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 10/1/2024 Ex-Date – 10/11/2024 Record – 10/11/2024 Payable – 10/18/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 9/30/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.87 5.52% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.9.
Charts implemented using Lightweight Charts™