Eaton Vance Municipal Closed-End Funds Announce Mandatory Redemptions of Auction Preferred Shares Outstanding

BOSTON, March 12, 2018 /PRNewswire/ -- The Funds listed below today announced the mandatory redemption of Auction Preferred Shares ("APS") outstanding.  Each Fund is a closed-end management investment company sponsored and managed by Eaton Vance Management.  All redemptions will occur at the APS liquidation preference of $25,000 per share, plus the amount of accumulated but unpaid dividends as of the redemption date.  Each Fund currently expects to replace its APS with tender option bond financing.  Subject to satisfying the notice and other requirements that apply to APS redemptions, the Funds are expected to redeem the following amounts of APS on or after March 26, 2018:

Funds	TKR	Series	CUSIP	No. Shares Redeemed	Total Liquidation Amount
Eaton Vance California Municipal Bond Fund II	EIA	A	27828C205	36	$900,000
Eaton Vance Massachusetts Municipal Bond Fund	MAB	A	27828K207	25	625,000
Eaton Vance Michigan Municipal Bond Fund	MIW	A	27828M203	112	2,800,000
Eaton Vance Municipal Bond Fund II	EIV	A	27827K208	62	1,550,000
	EIV	B	27827K307	128	3,200,000
Eaton Vance New Jersey Municipal Bond Fund	EMJ	A	27828R202	89	2,225,000
Eaton Vance New York Municipal Bond Fund II	NYH	A	27828T208	70	1,750,000
Eaton Vance Ohio Municipal Bond Fund	EIO	A	27828L205	90	2,250,000
Eaton Vance Pennsylvania Municipal Bond Fund	EIP	A	27828W201	51	1,275,000
Eaton Vance California Municipal Income Trust	CEV	A	27826F200	120	3,000,000
Eaton Vance Massachusetts Municipal Income Trust	MMV	A	27826E203	130	3,250,000
Eaton Vance Michigan Municipal Income Trust	EMI	A	27826D205	26	650,000
Eaton Vance Municipal Income Trust	EVN	A	27826U207	349	8,725,000
	EVN	B	27826U306	185	4,625,000
	EVN	C	27826U405	57	1,425,000
Eaton Vance New Jersey Municipal Income Trust	EVJ	A	27826V205	177	4,425,000
Eaton Vance New York Municipal Income Trust	EVY	A	27826W203	165	4,125,000
Eaton Vance Ohio Municipal Income Trust	EVO	A	27826G208	173	4,325,000
Eaton Vance Pennsylvania Municipal Income Trust	EVP	A	27826T200	168	4,200,000

All Funds, expect EVN, are listed on the NYSE MKT.  EVN is listed on the NYSE.

Eaton Vance Management is a subsidiary of Eaton Vance Corp. (NYSE: EV).  Eaton Vance is a leading global asset manager whose history dates to 1924. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $449.2 billion in assets as of January 31, 2018, offering individuals and institutions a broad array of investment strategies and wealth management solutions. For more information about Eaton Vance, visit eatonvance.com.

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.  Additional information about the Funds, including performance and portfolio characteristic information, is available at www.eatonvance.com.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond a Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

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SOURCE Eaton Vance Management

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