Eaton Vance Insured Municipal Bond Funds Declare Monthly Distributions

• Press Release
• Source: Eaton Vance Management
• On 3:27 pm EDT, Monday August 31, 2009

BOSTON, Aug. 31 /PRNewswire-FirstCall/ -- Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of eleven of its closed-end insured municipal bond funds ("Funds"). The record date for the distributions is September 23, 2009, and the payable date is September 30, 2009. The ex-date is September 21, 2009. The distribution per share, closing market price on August 28, 2009 (or last trade price), and annualized market yield for each Fund is as follows:

                                        Distribution     Closing    Annualized
    Fund                                  Per Share      Market      Yield
                                                         Price
    Eaton Vance Insured Municipal Bond
     Fund (NYSE Amex: EIM)                $0.074667      $12.49       7.17%
    Eaton Vance Insured Municipal Bond
     Fund II (NYSE Amex: EIV)             $0.076874      $12.95       7.12%
    Eaton Vance Insured California
     Municipal Bond Fund
     (NYSE Amex: EVM)                     $0.069917      $12.40       6.77%
    Eaton Vance Insured California
     Municipal Bond Fund II
     (NYSE Amex: EIA)                     $0.070916      $11.87       7.17%
    Eaton Vance Insured Massachusetts
     Municipal Bond Fund
     (NYSE Amex: MAB)                     $0.069167      $14.14       5.87%
    Eaton Vance Insured Michigan
     Municipal Bond Fund
     (NYSE Amex: MIW)                     $0.071999      $13.98       6.18%
    Eaton Vance Insured New Jersey
     Municipal Bond Fund
     (NYSE Amex: EMJ)                     $0.075417      $13.82       6.55%
    Eaton Vance Insured New York
     Municipal Bond Fund
     (NYSE Amex: ENX)                     $0.066917      $13.16       6.10%
    Eaton Vance Insured New York
     Municipal Bond Fund II
     (NYSE Amex: NYH)                     $0.072666      $13.23       6.59%
    Eaton Vance Insured Ohio Municipal
     Bond Fund (NYSE Amex: EIO)           $0.061833      $13.06       5.68%
    Eaton Vance Insured Pennsylvania
     Municipal Bond Fund
     (NYSE Amex: EIP)                     $0.069000      $12.91       6.41%

The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the Funds' common shares could change.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV - News), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $143.7 billion in assets as of July 31, 2009 offering individuals and institutions a broad array of financial products and wealth solutions including mutual funds, managed accounts, variable trusts and charitable giving services. A combination of tradition, proven long-term performance and more than 80 years of experience have made Eaton Vance the investment manager of choice for many investors. For more information about Eaton Vance, visit www.eatonvance.com.

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