Eaton Vance Closed-End Insured Municipal Bond Funds Special Shareholder Meetings

BOSTON, Feb.  1 /PRNewswire-FirstCall/ -- At a joint Special Meeting of Shareholders held Friday, January 29, 2010, shareholders of the Eaton Vance closed-end funds listed below (the "Funds") approved a modification to each Fund's 80 percent policy to eliminate the requirement to invest primarily in insured municipal obligations.  Also, effective today, the Funds are required, under normal market conditions, to invest at least 80 percent of net assets in municipal obligations rated A or better by Moody's, S&P or Fitch and each Fund is eliminating "Insured" from its name.  For purposes of the Funds' 80 percent requirement, the rating of insured obligations is deemed to be the higher of the claims-paying rating of the insurer and the rating of the underlying issue.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV).  Eaton Vance is one of the oldest investment management firms in the United States, with a history dating back to 1924.  Eaton Vance and its affiliates managed $163.1 billion in assets as of December 31, 2009, offering individuals and institutions a broad array of investment products and wealth management solutions.  For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

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