Eaton Vance Municipal Income Term Trust Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2014
October 10, 2014 at 03:41 pm EDT
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Eaton Vance Municipal Income Term Trust reported earnings results for the second quarter and six months ended July 31, 2014. For the quarter, the company reported net investment income of $2,492,000 or $0.226 per share against $2,275,000 or $0.210 per share a year ago. Net realized and unrealized gains on investments were $6,062,000 or $0.559 per share against net realized and unrealized losses on investments of $43,855,000 or $4.022 per share a year ago. Net increase in net assets from operations was $8,554,000 or $0.785 per share against net decrease in net assets from operations of $41,580,000 or $3.812 per share a year ago.
For the six months, the company reported net investment income of $5,067,000 or $0.459 per share against $2,663,000 or $0.248 per share a year ago. Net realized and unrealized gains on investments were $19,563,000 or $1.783 per share against net realized and unrealized losses on investments of $38,729,000 or $3.425 per share a year ago. Net increase in net assets from operations was $24,630,000 or $2.242 per share against net decrease in net assets from operations of $36,066,000 or $3.177 per share a year ago. Net asset value per share outstanding was $18.82 against $15.74 a year ago.
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 
