Eaton Vance Municipal Bond Funds Declare Monthly Distributions

BOSTON, Feb. 26 /PRNewswire-FirstCall/ -- 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 ("Funds"). The record date for the distributions is March 24, 2010, and the payable date is March 31, 2010. The ex-date is March 22, 2010. The distribution per share, closing market price on February 25, 2010 (or last trade price), and annualized market yield for each Fund is as follows:

    
    
                                                       Closing     
                                       Distribution    Market   Annualized
    Fund                                Per Share      Price       Yield
    Eaton Vance Municipal Bond Fund
     (NYSE Amex: EIM)                   $0.076334      $13.03       7.03%
    Eaton Vance Municipal Bond Fund
     II (NYSE Amex: EIV)                $0.078957      $13.52       7.01%
    Eaton Vance California Municipal 
     Bond Fund (NYSE Amex: EVM)         $0.070750      $12.03       7.06%
    Eaton Vance California Municipal 
     Bond Fund II (NYSE Amex: EIA)      $0.071749      $11.97       7.19%
    Eaton Vance Massachusetts
     Municipal Bond Fund 
     (NYSE Amex: MAB)                   $0.070000      $15.25       5.51%
    Eaton Vance Michigan Municipal
     Bond Fund (NYSE Amex: MIW)         $0.073249      $13.76       6.39%
    Eaton Vance New Jersey Municipal 
     Bond Fund (NYSE Amex: EMJ)         $0.076667      $14.60       6.30%
    Eaton Vance New York Municipal
     Bond Fund (NYSE Amex: ENX)         $0.069000      $13.74       6.03%
    Eaton Vance New York Municipal
     Bond Fund II (NYSE Amex: NYH)      $0.073499      $13.25       6.66%
    Eaton Vance Ohio Municipal Bond
     Fund (NYSE Amex: EIO)              $0.064333      $13.00       5.94%
    Eaton Vance Pennsylvania
     Municipal Bond Fund 
     (NYSE Amex: EIP)                   $0.070250      $13.23       6.37%
    

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 $161.6 billion in assets as of January 31, 2010 offering individuals and institutions a broad array of financial products and wealth solutions including mutual funds, managed accounts, variable trusts and charitable giving services.  A combination of tradition, proven long-term performance and more than 80 years of experience have made Eaton Vance the investment manager of choice for many investors.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

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