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Eaton Vance Municipal Bond Fund Announces Final Results of Tender Offer
ByAinvest
Monday, Sep 8, 2025 4:03 pm ET1min read
Eaton Vance Municipal Bond Fund has concluded its cash tender offer, purchasing 2,703,821 shares out of 13,297,302 properly tendered. The purchase price is $10.1002, equal to 98% of the fund's NAV as of September 4, 2025. The shares will be purchased on a pro-rata basis, with a pro-ration factor of 20.333606%.
Eaton Vance Municipal Bond Fund (NYSE American: EIM) has completed its cash tender offer, purchasing 2,703,821 shares out of 13,297,302 properly tendered. The purchase price is $10.1002, which is equal to 98% of the fund's net asset value (NAV) as of September 4, 2025 [1]. The shares will be purchased on a pro-rata basis, with a pro-ration factor of 20.333606%.The tender offer, which expired on September 4, 2025, aimed to purchase up to 5% of the fund's outstanding common shares. The preliminary results, based on information provided by Equiniti Trust Company, LLC, the depositary for the tender offer, indicate that the fund will purchase a pro-rata allocation of the common shares properly tendered [1].
The final results of the tender offer are expected to be announced on or about September 8, 2025. The information agent for the tender offer is EQ Fund Solutions, LLC, and any questions regarding the tender offer can be directed to them toll-free at 1-877-732-3614 [1].
Eaton Vance Municipal Bond Fund is a closed-end fund, and its shares often trade at a discount from their NAV. The market price of the fund's shares may vary based on factors such as distribution rates, investor expectations, investment strategy clarity, and market confidence [2]. Investors should consider the fund's investment objective, strategies, risks, charges, and expenses before investing [2].
References:
[1] https://www.businesswire.com/news/home/20250905367660/en/Eaton-Vance-Municipal-Bond-Fund-Announces-Preliminary-Results-of-Tender-Offer
[2] https://www.businesswire.com/news/home/20250711671965/en/Eaton-Vance-Municipal-Bond-Fund-Announces-Tender-Offer-to-Purchase-up-to-5-of-Outstanding-Shares
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