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 Pursuant to the Tender Offer
Common Shares Properly
Tendered
Common Shares to be
Purchased
Pro-Ration
Factor*
Purchase Price**
Number of Outstanding Common
Shares after Giving Effect to Tender Offer
2,846,127
15,329,937
2,846,127
18.565785%
$10.7664
54,076,420
* The number of common shares to be purchased divided by the
number of common shares properly tendered. The pro-ration factor is
subject to rounding adjustment to avoid the purchase of fractional
shares.
** Equal to 98% of the relevant Fund’s net asset value (“NAV”)
per share as of the close of regular trading on the New York Stock
Exchange (NYSE) on January 10, 2025 (the date the Tender Offer
expired).
Under the terms and conditions of the Tender Offer, if the
number of common shares properly tendered exceeded the number of
common shares offered to purchase, the Fund will purchase common
shares properly tendered on a pro-rata basis (disregarding
fractional shares). As indicated above, the Fund will purchase
18.565785% of the common shares properly tendered. The Fund will
purchase the common shares accepted for payment as promptly as
practicable.
The information agent for the Tender Offer is EQ Fund Solutions,
LLC. Any questions with regard to the Tender Offer may be directed
to the information agent toll-free at 1-877-732-3614.
In addition, EIM announced that, in connection with the recent
close of the Fund’s Tender Offer on January 10, 2025, the Fund will
commence a fourth-month measurement period, beginning March 10,
2025 through July 9, 2025, whereby if, during such period, the
Fund’s common shares trade at an average discount to NAV of more
than 7.5% (based upon the average of the difference between its
volume-weighted average market price and NAV each business day
during the period, as measured at the close of the period) (the
“Second Trigger Event”), the Fund will conduct a tender offer (the
“Second Conditional Tender Offer”) within 20 business days of the
date on which the Second Trigger Event occurs. The Second
Conditional Tender Offer will be for up to 5% of the Fund’s
then-outstanding common shares at 98% of NAV per share as of the
close of regular trading on the New York Stock Exchange on the date
the tender offer expires.
If the conditions of the Second Trigger Event are met, then
additional terms and conditions of the Second Conditional Tender
Offer will be set forth in the Fund’s offering materials filed with
the U.S. Securities and Exchange Commission (the “SEC”), which will
be distributed to the Fund’s common shareholders, and in additional
press releases, as applicable. If the number of common shares
tendered in the Second Conditional Tender Offer exceeds the maximum
amount of the Second Conditional Tender Offer, the Fund will
purchase shares from tendering shareholders on a pro-rata basis
(disregarding fractional common shares). Accordingly, there is no
assurance that the Fund will purchase all of a shareholder’s common
shares tendered in the Second Conditional Tender Offer. The Fund
may determine not to accept shares tendered in the Second
Conditional Tender Offer under various circumstances, as will be
set forth in the offering materials. Further information about the
Second Conditional Tender Offer will be announced in future press
releases and the Fund’s offering materials.
About the Fund
Except for sales of shares pursuant to a tender offer, common
shares of the Fund are available for purchase or sale only through
secondary market trading at their current market price. Shares of
closed-end funds (such as the Fund) often trade at a discount from
their NAV. The market price of Fund shares may vary from NAV based
on factors affecting the supply and demand for shares, such as Fund
distribution rates relative to similar investments, investors’
expectations for future distribution changes, the clarity of the
Fund’s investment strategy and future return expectations, and
investors’ confidence in the underlying markets in which the Fund
invests. Fund shares are subject to investment risk, including
possible loss of principal invested. Fund shares are not
FDIC-insured and are not deposits or other obligations of, or
guaranteed by, any bank. The Fund is not a complete investment
program and you may lose money investing in the Fund. An investment
in the Fund may not be appropriate for all investors. Before
investing in the Fund, prospective investors should consider
carefully the Fund’s investment objective, strategies, risks,
charges and expenses.
Eaton Vance is part of Morgan Stanley Investment Management, the
asset management division of Morgan Stanley.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 1,400 investment
professionals around the world and $1.6 trillion in assets under
management or supervision as of September 30, 2024. Morgan Stanley
Investment Management strives to provide outstanding long-term
investment performance, service, and a comprehensive suite of
investment management solutions to a diverse client base, which
includes governments, institutions, corporations and individuals
worldwide. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 42 countries, the Firm's employees serve clients worldwide
including corporations, governments, institutions and individuals.
For more information about Morgan Stanley, please visit
www.morganstanley.com.
Important Notice
This announcement is not a recommendation, an offer to purchase
or a solicitation of an offer to sell shares of the Fund. The
Tender Offer was made only by an offer to purchase, a related
letter of transmittal and other documents filed with the SEC as
exhibits to a tender offer statement on Schedule TO, with all such
documents available on the SEC’s website at www.sec.gov. The Fund
has also made available to shareholders without charge the offer to
purchase and the letter of transmittal. Shareholders should read
these documents carefully, as they contain important information
about the Tender Offer.
This press release is for informational purposes only and is not
intended to, and does not, constitute an offer to purchase or sell
shares of the Fund. Additional information about the Fund,
including performance and portfolio characteristic information, is
available at eatonvance.com.
Statements in this press release that are not historical facts
are “forward-looking statements” as defined by the U.S. securities
laws. You should exercise caution in interpreting and relying on
forward-looking statements because they are subject to
uncertainties and other factors which are, in some cases, beyond
the Fund’s control and could cause actual results to differ
materially from those set forth in the forward-looking statements.
All forward-looking statements are as of the date of this release
only; the Fund undertakes no obligation to update or review any
forward-looking statements.
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Investor Contact: (800) 262-1122
Eaton Vance Municipal (AMEX:EIM)
過去 株価チャート
から 12 2024 まで 1 2025
Eaton Vance Municipal (AMEX:EIM)
過去 株価チャート
から 1 2024 まで 1 2025
