Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance California Municipal Income Trust

Eaton Vance Municipal Bond Fund

Eaton Vance New York Municipal Bond Fund

Eaton Vance California Municipal Bond Fund

Eaton Vance

BOSTON--(BUSINESS WIRE)--The Eaton Vance municipal closed-end funds (each, a “Fund,” and collectively, the “Funds”) listed below announce increases to their monthly distribution rates. The Fund's increased distribution rates will be effective beginning with the January 2024 distribution. These distribution rate increases range between approximately 22% and 41% relative to each Fund's current distribution rates and are intended to help support secondary market trading of Fund shares and improve.

Certain Eaton Vance Municipal Closed-End Funds Announce Distribution Updates

BlackRock Taxable Municipal Bond Trust

BlackRock Enhanced Equity Dividend Trust

BlackRock Floating Rate Income Trust

Morgan Stanley China A Share Fund Inc

Blackrock Debt Strategies Fund Inc

First Trust Mortgage Income Fund

Blackrock Floating Rate Income Strategies Fund Inc

Templeton Global Income Fund

Western Asset High Income Fund

Western Asset High Yield Defined Opportunity Fund Inc

Western Asset Investment Grade Defined Opportunity Trust

Nuveen Mortgage Opportunity Term Fund

Deutsche Municipal Income Trust

Morgan Stanley Emerging Markets Debt Fund

Nuveen Municipal Credit Opportunities Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PIMCO Access Income Fund

Putnam High Income Securities Fund

PIMCO Income Strategy Fund II

Templeton Emerging Markets Income Fund

Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly.

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

Federated Premier Municipal Income Fund

Deutsche Strategic Municipal Income Trust

Western Asset Managed Municipals Fund

BlackRock MuniYield Quality Fund Inc

Nuveen Quality Municipal Income Fund

Nuveen AMT-Free Quality Municipal Income Fund

Nuveen Municipal Credit Income Fund

Putnam Managed Municipal Income Trust

Pimco New York Municipal Income Fund

Municipal bonds experienced a drop in 2022 due to rising interest rates, presenting a buying opportunity. Muni closed-end funds have higher portfolio yields, but net investment income has been affected by increased leverage costs. Muni CEFs have upside potential once interest rates normalize, but individual munis offer lower risk and higher yields.

Municipal Bond CEF Update Aug 2023: Valuations Are Incredible

BlackRock Credit Allocation Income Trust

MFS High Yield Municipal Trust

DoubleLine Income Solutions Fund

Eaton Vance Short Duration Diversified Income Fund

Flaherty & Crumrine Total Return Fund Inc

Nuveen Floating Rate Income Fund

Nuveen Dynamic Municipal Opportunities Fund

Nuveen Municipal Income Fund Inc

Nuveen Select Tax-Free Income Portfolio

Pimco High Income Fund

Putnam Master Intermediate Income Trust

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Western Asset Premier Bond Fund

Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation.

CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best

ETX offers an attractive lower-duration Municipal option for the current market environment of flat yield curves and tight credit spreads. The fund has historically outperformed the broader tax-exempt Muni CEF sector.

ETX: An Attractive Lower Beta Municipal CEF

Ares Dynamic Credit Allocation Fund

Blackrock California Muni Income Trust

Barings Global Short Duration High Yield Fund

Blackstone/GSO Senior Floating Rate Term Fund

Brandywine Global Income Opportunities Fund Inc

MFS Investment Grade Municipal Trust

Flaherty & Crumrine Dynamic Preferred & Income Fund

Dreyfus Strategic Municipal Bond Fund Inc

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Western Asset Global Corp Defined Opportunity Fund Inc

Highland Income Fund

Pioneer Diversified High Income Trust

New American High Income Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income 2022 Term Fund

KKR Income Opportunities Fund

BlackRock MuniYield Pennsylvania Quality Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

Oxford Lane Capital

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

Pioneer High Income Trust

PIMCO Strategic Income Fund Inc

Cushing MLP & Infrastructure Total Return Fund

Invesco Pennsylvania Value Municipal Income Trust

Western Asset Diversified Income Fund

Western Asset/Claymore Inflation-Linked Securities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.

Quality Closed-End Fund Report, November 2022

Eaton Vance Senior Floating Rate Fund

Eaton Vance Floating-Rate Income Trust

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance National Municipal Opportunities Trust

Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Limited Duration Income Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

BOSTON--(BUSINESS WIRE)--First line in first table of release dated November 1, 2022 should read: Declaration – 11/1/2022 Ex-Date – 11/9/2022 Record – 11/10/2022 Payable – 11/18/2022 The updated release reads: DISTRIBUTION DATES AND AMOUNTS ANNOUNCED FOR EATON VANCE CLOSED-END FUNDS The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below.

CORRECTING and REPLACING Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

BOSTON, Nov. 2, 2021 /PRNewswire/ -- The following notice relates to the Annual Meeting of Shareholders of Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX): Notice That Annual Meeting Of Shareholders Will Be A Telephonic Meeting Due to the public health impact of the coronavirus pandemic (COVID-19) and to support the health and well-being of our shareholders, NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders of Eaton Vance Municipal Income 2028 Term Trust (the "Fund") to be held on Friday, November 12, 2021 at 11:30 a.m. Eastern Time (the "Meeting") will be held in a telephonic format.

Eaton Vance Municipal Income 2028 Term Trust Announces Telephonic Annual Meeting Of Shareholders On November 12, 2021

BOSTON, Oct. 1, 2021 /PRNewswire/ -- Eaton Vance Management ("EVM"), investment adviser to the closed-end funds listed below (the "Funds") announced that Julie P. Callahan, CFA and William J.

Eaton Vance Management Announces Changes To The Portfolio Management Team Of Certain Municipal Closed-End Funds

Blackrock Investment Quality Municipal Trust

BlackRock Municipal 2030 Target Term Trust

Dreyfus Municipal Bond Infrastructure Fund

Pioneer Municipal High Income Advantage Trust

Western Asset Municipal High Income Fund

BlackRock MuniAssets Fund

BlackRock MuniYield Quality Fund III Inc

BlackRock MuniYield New York Quality Fund Inc

Neuberger Berman Intermediate Municipal Fund Inc

Nuveen Enhanced Municipal Value Fund

Nuveen Georgia Quality Municipal Income Fund

Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal Value Fund Inc

Nuveen New Jersey Quality Municipal Income Fund

Nuveen Select Tax-Free Income Portfolio 3

Invesco Municipal Income Opportunities Trust

Pimco Municipal Income Fund

Pimco Municipal Income Fund II

Pimco New York Municipal Income Fund II

The muni CEF space is largely buy-and-hold (or long-term rental agreements). But right now, there's a lot of dislocation in the sector. Some funds are extremely expensive while others are relatively cheap. Making swaps makes sense to rotate into the better opportunities and see more discount closing tailwinds.

More Relative Value Trades And Opportunities: Munis

Eaton Vance Floating-Rate 2022 Target Term Trust

Eaton Vance High Income 2021 Target Term Trust

BOSTON, Dec. 23, 2020 /PRNewswire/ -- The following notice relates to the Joint Special Meeting of Shareholders of the following closed-end funds: Eaton Vance California Municipal Bond Fund (NYSE American: EVM) Eaton Vance California Municipal Income Trust (NYSE American: CEV ) Eaton...

Certain Eaton Vance Closed-End Funds Joint Special Meeting Of Shareholders On January 7, 2021 Will Be A Virtual Meeting

News for Eaton Vance Municipal Income 2028 Term Trust ETF (ETX)