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BOSTON, October 1, 2021 / PRNewswire / – Eaton Vance Management (“EVM”), investment advisor to the closed-end funds listed below (the “Funds”) has announced that Julie P. Callahan, CFA and William J. Delahunty, Jr., CFA have joined the portfolio management team of certain Funds. Effective October 1, 2021, the members of the portfolio management team of each Fund are as follows:

Funds

Portfolio management team As of October 1, 2021

Eaton Vance Municipal Bond Fund (US NYSE: EIM)

Cynthia J. Clemson and Julie P. Callahan

Eaton Vance National Municipal Opportunities Trust (NYSE: EOT)

Cynthia J. Clemson and William J. Delahunty, Jr.

Eaton Vance Municipal Income Term Trust 2028 (NYSE: ETX)

Craig R. Brandon and Julie P. Callahan

Eaton Vance Municipal Income Trust (NYSE: EVN)

Cynthia J. Clemson and William J. Delahunty, Jr.

Eaton Vance New York Municipal Bond Fund (US NYSE: ENX)

Christophe J. Eustance

Eaton Vance California Municipal Income Trust (US NYSE: CEV)

Trevor Smith

Eaton Vance California Municipal Bond Fund (US NYSE: EVM)

Trevor Smith

Ms. Callahan has been Vice President of EVM since September 2021 and has been Managing Director of Morgan Stanley Investment Management Inc. (“MSIM”), a subsidiary of EVM, since 2020. Prior to joining MSIM, she was a senior member of the municipal bond portfolio management team at PIMCO de 2011 to 2020..

Mr. Delahunty is Vice President of EVM and joined the municipal team of EVM in 1998.

About funds

Eaton Vance applies in-depth fundamental analysis to the active management of equity, income, alternative and multi-asset strategies. Eaton Vance’s investment teams follow proven investment principles that focus on continuous risk management, tax management (where applicable) and the pursuit of consistent long-term returns. The company’s investment capabilities span global financial markets. With a history dating back to 1924, Eaton Vance is headquartered in Boston and also maintains investment offices in new York, London, Tokyo and Singapore. For more information, visit evmanagement.com. Eaton Vance is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.

Closed-end fund stocks often trade at a discount to their net asset value. The market price of the shares of the Fund may vary from the net asset value depending on factors affecting the supply and demand of shares, such as the distribution rates of the Fund compared to similar investments, investors’ expectations regarding future distribution changes, the clarity of a Fund’s investment strategy and investor return expectations and confidence in the underlying markets in which a Fund invests. Shares of the Fund are subject to investment risk, including the possible loss of invested capital. A Fund is not a complete investment program and you can lose money by investing in it. An investment in a Fund may not be suitable for all investors. Before investing, potential investors should carefully consider the Fund’s investment objective, strategies, risks, charges and expenses.

This press release is provided for informational purposes only and is not intended to constitute, and does not constitute, an offer to buy or sell shares of any Fund. Additional information about the Funds, including information on the performance and characteristics of the portfolio, is available at eatonvance.com.

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

SOURCE Eaton Vance Management

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