EVN News and Press, Eaton Vance Municipal Income Trust From 08/05/22

The Eaton Vance Municipal Income Trust invests primarily in investment-grade municipal obligations of various sectors with a mixture of sectors across the full spectrum. BlackRock Municipal Income Quality Trust may invest up to 20% of its assets in bonds rated below Aaa or AAA (but no...

A sharp sell-off to start the year has pushed down municipal bond valuations and muni closed-end funds to discounts, presenting an attractive entry point for investors seeking tax-exempt income. Muni CEFs borrow money at short-term interest rates and invest the proceeds in muni bonds ...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad marke...

Muni CEFs have been beaten up so far in 2022. This is the worst 3-month period in a non-recessionary environment for 3 decades. In prior periods of rising rates it has been a good time to get in as muni bonds tend to be resilient over time. While muni CEFs are much cheaper today t...

Rating agencies reported that upgrades outpaced downgrades in 2021. The decline in the stock market produced concern that pension funding may decline, and the rise in inflation may reduce benefits. The shorter bonds can be sold to take advantage of large outflows from mutual funds...

April saw a well above average number of net distribution cuts for the tax-exempt CEF sector - a direct outcome of rising leverage costs. The sector's valuation profile has moved very quickly from being very expensive to attractively valued. We highlight our allocation stance in t...

Reducing the tax obligation of an investor can mean greater returns when more of that cash is kept. When looking through closed-end funds, you will run across many funds that are tax-friendly. These are often equity funds to receive qualified dividends and long-term capital gains;...

Certain Eaton Vance Closed-End Funds Announce Telephonic Annual Meeting Of Shareholders On March 17, 2022 PR Newswire BOSTON , March 3, 2022 /PRNewswire/ -- The following notice relates to the combined Annual Meeting of Shareholders of Eaton Vance California...

2022 has not been kind to municipal bonds so far with an unusually sharp drawdown to kick off the year, driven by persistent inflation and a hawkish Fed. Sector valuations in absolute yield terms, relative to Treasuries and in CEF discount terms, are all now much more attractive than ...

We review CEF market valuation and performance through the third week of February and highlight recent market action. The CEF market had another down week with Munis and EM Debt. Tax-loss rotations tend to happen towards the end of the calendar year, however, the unusual weakness ...