Eaton Vance California Municipal Bond Fund (NYSE American: EVM) and Eaton Vance New York Municipal Bond Fund (NYSE American: ENX) (each a “Fund” and, together, the “Funds”) announced the results of each Fund’s Annual Meeting of Shareholders (together, the “Annual Meeting”), which was convened on September 9, 2024 and adjourned to September 30, 2024, for the election of three members of the Fund’s board of trustees to serve three-year terms ending in 2027. In light of the NYSE American LLC annual meeting requirements, the Annual Meeting could not be adjourned past September 30, 2024, the last day of each Fund’s fiscal year ended September 30, 2024. With respect to EVM, a quorum was not present at the Annual Meeting. Due to the lack of quorum, no action was taken with respect to the trustee elections. Pursuant to EVM’s Amended and Restated By-Laws, the trustees whose terms are expiring at the time of the Annual Meeting will continue to serve as trustees as members of their respective class of trustees, holding office until the annual meeting held in the third succeeding year following the Annual Meeting. As such, the current Class I Trustees of EVM, Mark R. Fetting, Valerie A. Mosley and Keith Quinton, will continue to serve as Class I Trustees of EVM. With respect to ENX, a quorum was present at the Annual Meeting, but none of the candidates presented for election by the Fund's common shareholders received the requisite vote at the Annual Meeting. Pursuant to ENX’s Amended and Restated By-Laws, when none of the candidates presented receive the requisite vote, the trustees whose terms are expiring at the time of the Annual Meeting will continue to serve as trustees as members of their respective class of trustees, holding office until the annual meeting held in the third succeeding year following the Annual Meeting. As such, the current Class I Trustees of the Fund, Mark R. Fetting, Valerie A. Mosley and Keith Quinton, will continue to serve as Class I Trustees of ENX.
About the Funds (EVM and ENX)
Except for sales of shares pursuant to a tender offer, common shares of each of the Funds are available for purchase or sale only through secondary market trading at their current market price. Shares of closed-end funds often trade at a discount from their net asset value. The market price of each Fund’s shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors’ expectations for future distribution changes, the clarity of each Fund’s investment strategy and future return expectations, and investors’ confidence in the underlying markets in which each Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. The Funds are not a complete investment program, and you may lose money investing in the Funds. An investment in the Funds may not be appropriate for all investors. Before investing, prospective investors should carefully consider each Fund’s investment objective, strategies, risks, charges, and expenses.
Eaton Vance is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and $1.5 trillion in assets under management or supervision as of June 30, 2024. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
This press release is for informational purposes only and is not intended to, and does not, constitute an offer to purchase or sell shares of the Funds. Additional information about each of the Funds, including performance and portfolio characteristic information, is available at eatonvance.com.
Statements in this press release that are not historical facts may be forward-looking statements, as defined by the U.S. securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors that may be beyond the Fund’s control and could cause actual results to differ materially from those set forth in the forward-looking statements.
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