Eaton Vance Municipal Closed-End Funds Announce Mandatory Redemptions of Auction Preferred Shares Outstanding

BOSTON, March 12, 2018 /PRNewswire/ -- The Funds listed below today announced the mandatory redemption of Auction Preferred Shares ("APS") outstanding.  Each Fund is a closed-end management investment company sponsored and managed by Eaton Vance Management.  All redemptions will occur at the APS liquidation preference of $25,000 per share, plus the amount of accumulated but unpaid dividends as of the redemption date.  Each Fund currently expects to replace its APS with tender option bond financing.  Subject to satisfying the notice and other requirements that apply to APS redemptions, the Funds are expected to redeem the following amounts of APS on or after March 26, 2018:

All Funds, expect EVN, are listed on the NYSE MKT.  EVN is listed on the NYSE.

Eaton Vance Management 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 $449.2 billion in assets as of January 31, 2018, offering individuals and institutions a broad array of investment strategies and wealth management solutions. For more information about Eaton Vance, visit eatonvance.com.

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.

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SOURCE Eaton Vance Management