EVM Fund liquidation

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

Published August 04, 2025 at 08:02 PM

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”) each announced today that the Board of Trustees of its respective Fund (each, a “Board”), at the recommendation of Eaton Vance Management, the Fund’s investment adviser, has approved a proposal to liquidate and terminate the Fund (the “Liquidation”). The Liquidation is subject to approval by each Fun

Related Questions

What are the potential effects on liquidity and bid‑ask spreads for the ETFs during the wind‑down period? How will the liquidation affect the net asset value (NAV) and market price of the EVM and ENX ETFs? Will there be any tax implications for investors receiving the liquidation proceeds? Are there any underlying municipal bond holdings that could experience price pressure when sold on the open market? How might this liquidation influence the broader municipal bond market sentiment and investor demand? Will the liquidation trigger any regulatory or compliance actions that could affect the distribution of proceeds? How does the liquidation compare to recent similar municipal bond fund closures in terms of scale and impact? What will happen to the replacement fund or alternative investment options that Eaton Vance may recommend to current investors? What is the expected impact on the performance of related municipal bond indices during the liquidation period? What is the expected timeline for the liquidation and distribution of assets to shareholders?