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Press release from PR Newswire

Eaton Vance Municipal Bond Funds Declare Monthly Distributions

Thursday, May 31, 2012

Eaton Vance Municipal Bond Funds Declare Monthly Distributions14:10 EDT Thursday, May 31, 2012BOSTON, May 31, 2012 /PRNewswire/ -- Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of eleven of its closed-end municipal bond funds (the "Funds").  The announcement reflects a decrease in the monthly distribution for Eaton Vance Municipal Bond Fund (NYSE MKT: EIM) and Eaton Vance Municipal Bond Fund II (NYSE MKT: EIV). The record date for the distributions is June 22, 2012, and the payable date is June 29, 2012. The ex-date is June 20, 2012. The distribution per share, closing market price on May 30, 2012 (or last trade price), and annualized market yield for each Fund are as follows:DistributionClosingAnnualizedFundPer ShareMarket PriceYieldEaton Vance Municipal Bond Fund  (NYSE MKT: EIM)                     $0.063835$13.325.75%Eaton Vance Municipal Bond Fund II (NYSE MKT: EIV)                     $0.063124$14.195.34%Eaton Vance California Municipal Bond Fund (NYSE MKT: EVM)          $0.054500$12.355.30%Eaton Vance California Municipal Bond Fund II (NYSE MKT: EIA)      $0.064249$12.995.94%Eaton Vance Massachusetts Municipal Bond Fund (NYSE MKT: MAB)   $0.070000$15.795.32%Eaton Vance Michigan Municipal Bond Fund (NYSE MKT: MIW)            $0.074082$15.865.61%Eaton Vance New Jersey Municipal Bond Fund (NYSE MKT: EMJ)     $0.065000$14.975.21%Eaton Vance New York Municipal Bond Fund (NYSE MKT: ENX)           $0.061500$14.395.13%Eaton Vance New York Municipal Bond Fund II (NYSE MKT: NYH)      $0.060583$13.965.21%Eaton Vance Ohio Municipal Bond Fund (NYSE MKT: EIO)                $0.064333$14.875.19%Eaton Vance Pennsylvania Municipal Bond Fund (NYSE MKT: EIP)$0.072750$14.815.89%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.The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $197.5 billion in assets as of April 30, 2012, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.SOURCE Eaton Vance ManagementFor further information: Investor Contact: (800) 262-1122