Eaton Vance Municipal Bond Fund Announces Tender Offer to Purchase up to 5% of Outstanding Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 11 2025
0mins
Should l Buy EIM?
Source: Businesswire
Tender Offer Announcement: Eaton Vance Municipal Bond Fund plans to conduct a tender offer for up to 5% of its outstanding common shares, expected to start on August 6, 2025, if the shares trade at an average discount to net asset value (NAV) of more than 7.5% during the measurement period from March 10, 2025, to July 9, 2025.
Investment Risks and Information: The announcement emphasizes that investing in the Fund carries risks, including potential loss of principal, and advises prospective investors to carefully consider the Fund's objectives, strategies, and associated risks before investing.
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About EIM
Eaton Vance Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income tax. The Fund invests primarily in debt securities issued by municipalities. The Fund may invest in residual interest bonds, also referred to as inverse floating rate securities, whereby it may sell a variable or fixed rate bond for cash to a special-purpose vehicle (SPV), while at the same time, buying a residual interest in the assets and cash flows of the SPV. The Fund may purchase derivative instruments, which derive their value from another instrument, security, or index, including financial futures contracts and related options, interest rate swaps and forward rate contracts. The Fund may also invest in residual interests of a trust (the trust) that holds municipal securities (RIBs). The investment adviser of the Fund is Eaton Vance Management (EVM or Eaton Vance).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Municipal Bond Fund Distribution: The Eaton Vance California Municipal Income Trust (CEV) declared a distribution of $0.0500 per share, with a market price of $10.27, resulting in a distribution rate of 5.84%, reflecting the fund's stability in the current market environment.
- Taxable Fund Performance: The Eaton Vance Senior Income Trust (EVF) announced a distribution of $0.0390 per share, priced at $5.31, achieving a distribution rate of 8.81%, showcasing its strong performance in income generation.
- Managed Distribution Plan: All funds operate under a managed distribution plan, ensuring transparency for investors regarding distribution amounts, although these may exceed net investment income, necessitating careful risk assessment by investors.
See More
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- Buy-Back Program Execution: In week 3 of 2025, Eimskip purchased 85,000 shares for ISK 22.78 million, reflecting the company's confidence in its stock value and aiming to enhance shareholder returns.
- Total Buy-Back Update: To date, Eimskip has repurchased a total of 2,209,680 shares under the buy-back program, spending ISK 659,843,000, nearing the ISK 750,000,000 cap, indicating proactive capital management.
- Shareholding Proportion Change: After the buy-back, Eimskip holds 3,935,000 shares, equivalent to 2.37% of issued shares, which not only strengthens the company's market control but may also boost investor confidence.
- Compliance Assurance: The buy-back adheres to the Icelandic Act on Public Limited Companies and EU market abuse regulations, ensuring transaction transparency and compliance, thereby enhancing investor trust in corporate governance.
See More
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- Shareholding Changes: Prior to the transactions, Eimskip held 3.675 million shares, which increased to 3.85 million shares post-transaction, representing 2.32% of the issued shares, thereby strengthening the company's market control.
- Compliance Assurance: The buyback adheres to the Icelandic Public Limited Companies Act and EU market abuse regulations, ensuring the legality and transparency of the buyback process, which enhances investor trust.
See More
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- Share Buyback Program: In the first week of 2025, Eimskip repurchased 105,000 shares for ISK 28.56 million, aligning with its buyback program announced on September 29, 2025, reflecting the company's confidence in its stock.
- Buyback Progress: Under the current buyback program, Eimskip has repurchased a total of 1,949,680 shares at a cost of ISK 589,603,000, indicating a plan to acquire up to 2,250,000 shares over the next 18 months, with a maximum total price not exceeding ISK 750 million.
- Shareholding Proportion Change: Following the buyback, Eimskip now holds 3,675,000 shares, representing 2.22% of the company's issued shares, which is expected to enhance earnings per share and increase shareholder value.
- Compliance Assurance: The buyback program adheres to the Icelandic Act on Public Limited Companies and EU market abuse regulations, ensuring transparency and compliance throughout the buyback process, thereby boosting investor confidence.
See More
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- Increased Total Repurchases: Under the current buyback program, Eimskip has repurchased a total of 1,844,680 shares at a total cost of ISK 561.04 million, indicating the company's proactive approach to enhancing shareholder value through stock buybacks.
- Shareholding Proportion Change: Following the buyback, Eimskip holds 3,570,000 shares, representing 2.15% of the issued shares, which will help improve earnings per share and bolster market confidence in the company's stock.
- Compliance Assurance: This buyback adheres to the Icelandic Act on Public Limited Companies and EU market abuse regulations, ensuring the legality and transparency of the buyback activities, thereby enhancing investor trust in corporate governance.
See More
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- Cumulative Buyback Update: To date, Eimskip has repurchased a total of 1,739,680 shares at a total cost of ISK 533.53 million, indicating the company's commitment to repurchasing up to 2.25 million shares over the next 18 months, emphasizing its focus on shareholder returns.
- Shareholding Proportion Change: Following the buyback, Eimskip holds 3,465,000 shares, representing 2.09% of the issued shares, which not only enhances the company's market control but may also boost investor confidence.
- Compliance Assurance: The buyback adheres to the Icelandic Act on Public Limited Companies and EU market abuse regulations, ensuring transparency and compliance throughout the buyback process, thereby safeguarding the company's reputation and mitigating market risks.
See More
