Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available

BOSTON, May 4  /PRNewswire-FirstCall/ -- Eaton Vance Management today disclosed certain data for the Eaton Vance closed-end municipal bond funds (the "Funds"):

Earnings per Common Share -- The average monthly net investment income per common share (after payment of preferred dividends) for the three months ended March 31, 2009;

Dividend per Common Share -- The monthly dividend per common share paid in March 2009;

Undistributed Net Investment Income (UNII) per Common Share -- The average balance at month end of undistributed net investment income per common share (net of pending distributions) for the three months ended March 31, 2009; and

Leverage -- The ratio of outstanding auction rate preferred shares (a source of the Funds' financial leverage) ("APS") to total assets as of March 31, 2009.(1)

Earnings and UNII will fluctuate over time due to fund activity and /or market factors.

For more information about a Fund, please see the Funds' annual and semi annual shareholder reports or contact your financial adviser.  In addition, Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance at [phone].

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE:EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $119.3 billion in assets as of March 31, 2009, offering individuals and institutions a broad array of investment products and wealth management solutions.  The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit http://www.eatonvance.com/.

(1) The leverage percentage quoted refers only to the ratio involving a Fund's APS outstanding on March 31, 2009.  During 2008, three of the Funds redeemed their APS in full while many others have redeemed their APS in part.  Replacement leverage for these Funds has been provided by the creation of Tender Option Bond trusts.

  Closed-End Fund Earnings Data March 31, 2009
  ---------------------------------------------
  Earnings and UNII are 3 month averages unless indicated
  -------------------------------------------------------

                                         3 Month           3 Month
                                            Avg.     March    Avg.
                                         Earnings/ Dividend/ UNII/
  Fund                             Ticker  Share     Share   Share Leverage*
  ----                             ------  -----     -----   ----- ---------

  Eaton Vance Municipal Income Trust  EVN $0.0733  $0.07000  $0.0515  40.07%
  Eaton Vance Insured Municipal Bond
   Fund                               EIM $0.0737  $0.06675  $0.0912      +
  Eaton Vance Insured Municipal Bond
   Fund II                            EIV $0.0764  $0.07379  $0.1225  31.00%
  Eaton Vance California Municipal
   Income Trust                       CEV $0.0716  $0.06467  $0.0236  39.50%
  Eaton Vance Insured California
   Municipal Bond Fund                EVM $0.0720  $0.06492  $0.0729      +
  Eaton Vance Insured California
   Municipal Bond Fund II             EIA $0.0686  $0.06592  $0.0636  39.50%
  Eaton Vance National Municipal
   Income Trust                       FEV $0.0914  $0.07050  $0.0587  32.50%
  Eaton Vance Massachusetts Municipal
   Income Trust                       MMV $0.0753  $0.06992  $0.0919  39.40%
  Eaton Vance Insured Massachusetts
   Municipal Bond Fund                MAB $0.0706  $0.06650  $0.0456  39.30%
  Eaton Vance Michigan Municipal
   Income Trust                       EMI $0.0736  $0.06508  $0.0585  42.10%
  Eaton Vance Insured Michigan
   Municipal Bond Fund                MIW $0.0713  $0.06650  $0.0668  41.70%
  Eaton Vance New Jersey Municipal
   Income Trust                       EVJ $0.0750  $0.07000  $0.0934  39.90%
  Eaton Vance Insured New Jersey
   Municipal Bond Fund                EMJ $0.0715  $0.07167  $0.1010  39.80%
  Eaton Vance New York Municipal
   Income Trust                       EVY $0.0772  $0.07117  $0.0303  37.70%
  Eaton Vance Insured New York
   Municipal Bond Fund                ENX $0.0694  $0.06175  $0.0285      +
  Eaton Vance Insured New York
   Municipal Bond Fund II             NYH $0.0721  $0.06892  $0.1365  32.60%
  Eaton Vance Ohio Municipal Income
   Trust                              EVO $0.0740  $0.06592  $0.0770  41.40%
  Eaton Vance Insured Ohio Municipal
   Bond Fund                          EIO $0.0608  $0.05933  $0.0257  39.60%
  Eaton Vance Pennsylvania Municipal
   Income Trust                       EVP $0.0701  $0.06583  $0.0554  40.50%
  Eaton Vance Insured Pennsylvania
   Municipal Bond Fund                EIP $0.0702  $0.06458  $0.1046  40.40%




*Based on total assets.  Leverage achieved through the issuance of APS.  Use of financial leverage creates an opportunity for increased income, but at the same time creates special risks (including the likelihood of greater volatility of net asset value and market prices of common shares).  Please see note above entitled "Leverage" for further information on these percentages.

+ Beginning in May 2008 through August 2008, the Fund redeemed in full its APS.

Each Municipal Income Trust paid a monthly dividend on March 17, 2009 to shareholders of record on March 10, 2009. Each Insured Municipal Bond Fund paid a monthly dividend on March 31, 2009 to shareholders of record on March 24, 2009.  As portfolio and market conditions change, the rate of future distributions may change. 

DATASOURCE: Eaton Vance Management



CONTACT:  Investor Contact of Eaton Vance Management, [phone]



Web Site:  http://www.eatonvance.com/ 

Copyright