BOSTON, Feb. 1, 2019 /PRNewswire/ -- Eaton Vance New
Jersey Municipal Income Trust (NYSE American: EVJ) today announced
the following final pre-merger distribution. As previously
announced, EVJ shareholders approved the Fund's merger into Eaton
Vance Municipal Income Trust (NYSE: EVN). In order to comply
with requirements under the Internal Revenue Code, the distribution
is intended to fully distribute EVJ's accumulated undistributed net
investment income (UNII) prior to merger.
Declaration –
2/1/2019
|
Ex-Date –
2/8/2019
|
Record –
2/11/2019
|
Payable –
2/19/2019
|
|
|
|
|
Fund
|
Ticker
|
Distribution
|
Eaton Vance New
Jersey Municipal Income Trust
|
EVJ
|
$0.0470
|
As this special distribution includes all net investment income
earned by EVJ in earlier periods and not previously distributed, it
is not indicative of the amount of the combined fund's future
monthly distributions.
The merger is currently expected to be completed as of the close
of business of the New York Stock Exchange on or about February 22, 2019, subject to the satisfaction of
customary closing conditions. If the merger is completed as
scheduled, shareholders who have elected to reinvest their
distributions pursuant to a Fund's dividend reinvestment plan will
receive a cash distribution.
EVJ and EVN are closed-end management investment companies
sponsored and managed by Eaton Vance Management. EVJ trades on the
NYSE American while EVN trades on the New York Stock Exchange.
Fund distributions may be affected by numerous factors,
including changes in Fund performance, the cost of financing for
Funds that employ leverage, portfolio holdings, realized and
projected returns, and other factors. There can be no assurance
that an unanticipated change in market conditions or other
unforeseen factors will not result in a change in a Fund's
distributions at a future time.
A portion of the distribution may be comprised of amounts from
sources other than net investment income. If that is the
case, you will be notified in writing. Further information
will be available prior to the payment date at
funds.eatonvance.com. The final determination of tax
characteristics of EVJ's distributions will occur after the end of
the year, at which time it will be reported to the
shareholders.
Eaton Vance is a subsidiary of Eaton Vance Corp. (NYSE:
EV). Eaton Vance is a leading global asset manager whose
history dates to 1924. With offices in North America, Europe, Asia
and Australia, Eaton Vance and its
affiliates managed $423.1 billion in
assets as of December 31, 2018,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. For more information,
visit eatonvance.com.
Shares of closed-end funds often trade at a discount from their
net asset value. The market price of Fund shares may vary from net
asset value 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. No
Fund is a complete investment program and you may lose money
investing in a Fund. An investment in a Fund may not be appropriate
for all investors. Before investing, prospective investors should
consider carefully the Fund's investment objective, risks, charges
and expenses.
Additional Information about the Funds and the Merger
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 Funds.
Fund shares are subject to investment risk, including
possible loss of principal invested. No Fund is a complete
investment program and you may lose money investing in a
Fund. An investment in a Fund may not be appropriate for all
investors. Additional information about the Funds, including
performance and portfolio characteristic information, is available
at www.eatonvance.com.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the United States 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 a Fund's control and could
cause actual results to differ materially from those set forth in
the forward-looking statements.
View original
content:http://www.prnewswire.com/news-releases/eaton-vance-announces-final-distribution-relating-to-the-reorganization-of-eaton-vance-new-jersey-municipal-income-trust-300788389.html
SOURCE Eaton Vance Management