As of November 1, 2007, nine of the Eaton Vance state and national closed-end municipal bond funds which primarily invest in municipal obligations insured as to principal and interest payments will revise a current investment policy that at least 80% of total assets will normally be invested in municipal obligations rated in the highest category at the time of investment (which is Aaa by Moody’s or AAA by S&P or Fitch or, if unrated, determined to be of comparable quality by the adviser). Consistent with the other Eaton Vance Insured Municipal Bond Funds, the new policy will state that at least 80% of each Fund’s net assets will normally be invested in municipal obligations rated in the highest category at the time of investment.
This revision will apply to each of Eaton Vance Insured California Municipal Bond Fund II (AMEX: EIA), Eaton Vance Insured Florida Municipal Bond Fund (AMEX: EIF), Eaton Vance Insured Massachusetts Municipal Bond Fund (AMEX: MAB), Eaton Vance Insured Michigan Municipal Bond Fund (AMEX: MIW), Eaton Vance Insured Municipal Bond Fund II (AMEX: EIV), Eaton Vance Insured New Jersey Municipal Bond Fund (AMEX: EMJ), Eaton Vance Insured New York Municipal Bond Fund II (AMEX: NYH), Eaton Vance Insured Ohio Municipal Bond Fund (AMEX: EIO) and Eaton Vance Insured Pennsylvania Municipal Bond Fund (AMEX: EIP).
Common shares of the Eaton Vance Insured Municipal Bond Funds are traded on the American Stock Exchange. The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. Eaton Vance Corp. is a Boston-based investment management firm whose stock trades on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had approximately $153.5 billion in assets under management as of August 31, 2007.
Contacts:
Investor Contact:
800-262-1122
