Eaton Vance California Municipal Bond Fund Proposes Liquidation Pending Shareholder Approval at 2025 Meeting

Reuters
2025/08/05
<a href="https://laohu8.com/S/CEV">Eaton Vance California Municipal</a> Bond Fund Proposes Liquidation Pending Shareholder Approval at 2025 Meeting

Eaton Vance California Municipal Bond Fund, along with Eaton Vance New York Municipal Bond Fund, has announced a proposal for liquidation and termination, as approved by the Board of Trustees at the recommendation of Eaton Vance Management, the Fund's investment adviser. This proposal is pending approval from the Fund's shareholders, who will cast their votes at the 2025 Annual Meeting of Shareholders scheduled for September 23, 2025. The decision to recommend liquidation was made after considering various factors and deemed to be in the best interests of the Funds and their shareholders. Shareholders will receive detailed proxy materials ahead of the meeting. Additionally, a standstill agreement has been reached with Saba Capital Management, a significant shareholder, wherein Saba agrees to withdraw its proposals and support the liquidation. This agreement will be filed with the SEC as part of Saba's Schedule 13D.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eaton Vance California Municipal Bond Fund published the original content used to generate this news brief via Business Wire (Ref. ID: 20250804706286) on August 04, 2025, and is solely responsible for the information contained therein.

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