EVM News

Latest breaking news and updates for EVM stock.

Saba Capital Reaches Agreements with the Eaton Vance California Municipal Bond Fund and the Eaton Vance New York Municipal Bond Fund

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba”), which is the largest shareholder of the Eaton Vance California Municipal Bond Fund (NYSE:...

Will the standstill agreements have any bearing on the funds’ dividend policies or distribution schedules? How might this news influence the demand for municipal bonds in the California and New York markets? What regulatory or compliance considerations arise from the standstill agreements for the funds and could they impact future investment inflows?

Mergers

24 days ago

Eaton Vance California Municipal Bond Fund and Eaton Vance New York Municipal Bond Fund Announce Liquidation Proposal

BOSTON--(BUSINESS WIRE)--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”)...

What is the expected impact on the performance of related municipal bond indices during the liquidation period? Will the liquidation trigger any regulatory or compliance actions that could affect the distribution of proceeds? How might this liquidation influence the broader municipal bond market sentiment and investor demand?

Fund liquidation

24 days ago