Eaton Vance Municipal Income Term Trust Announces Financial Results for the Three Months Ended October 31, 2013 and for the Period from the Start of Business, March 28, 2013, to October 31, 2013
January 27, 2014 at 07:43 pm
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Eaton Vance Municipal Income Term Trust announced financial results for the three months ended October 31, 2013 and for the period from the start of business, March 28, 2013, to October 31, 2013. For the three months ended October 31, 2013, the Trust had net investment income of $2,543,877 ($0.231 per common share). Net realized and unrealized gains for the three months ended October 31, 2013 were $6,555,852 ($0.614 per common share).
For the period from the start of business, March 28, 2013, to October 31, 2013, the Trust had net investment income of $5,207,030 ($0.479 per common share). Net realized and unrealized losses for the period from the start of business, March 28, 2013, to October 31, 2013 were $31,173,200 ($2.811 per common share). The net asset value per common share on October 31, 2013 was $16.35 based on 11,031,844 common shares outstanding.
Eaton Vance Municipal Income 2028 Term Trust (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from regular federal income tax. The Fund seeks to achieve this by investing primarily in municipal obligations, a portion of which may be rated investment-grade, and a portion of which may be rated below investment-grade at the time of investment. The Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in debt obligations issued by or on behalf of states, territories and possessions of the United States, including the District of Columbia, and their political subdivisions, agencies or instrumentalities, the interest on which is exempt from regular federal income tax. The Fund invests at least 50% of its total managed assets in municipal obligations that, at the time of investment, are investment grade quality. The Fund's investment adviser is Eaton Vance Management.
Eaton Vance Municipal Income Term Trust Announces Financial Results for the Three Months Ended October 31, 2013 and for the Period from the Start of Business, March 28, 2013, to October 31, 2013
EATON VANCE MUNICIPAL INCOME 2028 TERM TRUST 
