Eaton Vance Municipal Income 2028 Term Trust Announces Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015
April 15, 2015 at 08:01 pm EDT
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Eaton Vance Municipal Income 2028 Term Trust announced earnings results for the fourth quarter and full year ended January 31, 2015. For the three months ended January 31, 2015, the Trust had net investment income of $2,488,470 or $0.229 per common share. In comparison, for the three months ended January 31, 2014, the Trust had net investment income of $2,608,607 or $0.237 per common share. In comparison, net realized and unrealized gains for the three months ended January 31, 2015 were $9,671,366 or $0.892 per common share. In comparison, net realized and unrealized gains for the three months ended January 31, 2014 were $6,936,135 $0.623 per common share.
The Trust's net investment income for the year ended January 31, 2015 was $10,038,728 or $0.917 per common share. The Trust's net investment income for the period from the start of business, March 28, 2013, to January 31, 2014, was $7,815,637 or $0.716 per common share. The Trust's net realized and unrealized gains for the year ended January 31, 2015 were $38,819,190 or $3.546 per common share. In comparison, the Trust's net realized and unrealized losses for the period from the start of business, March 28, 2013, to January 31, 2014 were $24,237,065 or $2.188 per common share.
Eaton Vance Municipal Income 2028 Term Trust (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from regular federal income tax. The Fund seeks to achieve this by investing primarily in municipal obligations, a portion of which may be rated investment-grade, and a portion of which may be rated below investment-grade at the time of investment. The Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in debt obligations issued by or on behalf of states, territories and possessions of the United States, including the District of Columbia, and their political subdivisions, agencies or instrumentalities, the interest on which is exempt from regular federal income tax. The Fund invests at least 50% of its total managed assets in municipal obligations that, at the time of investment, are investment grade quality. The Fund's investment adviser is Eaton Vance Management.
EATON VANCE MUNICIPAL INCOME 2028 TERM TRUST 
