BOSTON, Jan. 11, 2019 /PRNewswire/ -- At a Special Meeting of Shareholders held on January 10, 2019, shareholders of Eaton Vance New Jersey Municipal Income Trust (NYSE American: EVJ) approved the merger of EVJ into Eaton Vance Municipal Income Trust (EVN).
The merger is currently expected to be completed as of the close of business of the New York Stock Exchange on or about February 22, 2019, subject to the satisfaction of customary closing conditions. Each EVJ shareholder will be issued common shares of EVN at an exchange ratio based on the Funds' respective net asset values per share.
Each Fund is a closed-end management investment company sponsored and managed by Eaton Vance Management. EVJ trades on the NYSE American and the EVN trades on the New York Stock Exchange.
Eaton Vance Management is a subsidiary of Eaton Vance Corp. (EV). Eaton Vance is a leading global asset manager whose history dates to 1924. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $439.3 billion in assets as of October 31, 2018, offering individuals and institutions a broad array of investment strategies and wealth management solutions. For more information about Eaton Vance, visit eatonvance.com.
Additional Information about the Funds and the Merger
This press release is for informational purposes only and is not intended to, and does not, constitute an offer to purchase or sell shares of the Funds.
Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Additional information about the Funds, including performance and portfolio characteristic information, is available at www.eatonvance.com.
Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond a Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.