BOSTON, Dec. 19, 2014 /PRNewswire/ -- Effective January 5, 2015, Eaton Vance Municipal Income Term Trust (the "Fund") will change its name to Eaton Vance Municipal Income 2028 Term Trust.  The name change reflects the Fund's intent to cease its investment operations on or about June 30, 2028 and thereafter liquidate its portfolio.  The Board of Trustees may extend the Fund's term for a period of not more than 12 months from the foregoing termination date if it determines that it is in the best interest of shareholders to do so. 

The Fund is 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 $297.7 billion in assets as of October 31, 2014, offering individuals and institutions a broad array of investment strategies and wealth management solutions. Eaton Vance's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made it the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.

Shares of closed-end funds often trade at a discount to net asset value. The market price of Fund shares can be affected by factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. 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.

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SOURCE Eaton Vance Management