Eaton Vance Municipal Bond Fund Announces Tender Offer to Purchase up to 5% of Outstanding Shares
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Eaton Vance Municipal Bond Fund (NYSE American: EIM) has announced a tender offer to purchase up to 5% of its outstanding shares if the shares trade at an average discount to NAV of more than 7.5% during a specified period in 2024.
November 12, 2024 | 2:30 pm
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Eaton Vance Municipal Bond Fund plans a tender offer to repurchase up to 5% of its shares if they trade at a significant discount to NAV during a specified period in 2024.
The tender offer indicates a proactive approach by the fund to manage its share price and provide value to shareholders. If the shares trade at a significant discount, the buyback could support the share price, making it a positive short-term impact.
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