Eaton Vance Insured Municipal Bond Funds Declare Increases in Monthly Distributions

BOSTON, Jan. 29 /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 announcement reflects an increase in the monthly distribution for all eleven funds.  The record date for the distributions is February 19, 2010, and the payable date is February 26, 2010. The ex-date is February 17, 2010. The distribution per share, closing market price on January 28, 2010 (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)          $0.076334     $12.99    7.05%
    Eaton Vance Insured Municipal
     Bond Fund II (NYSE Amex: EIV)        $0.078957     $13.11    7.23%
    Eaton Vance Insured California
     Municipal Bond Fund (NYSE
     Amex: EVM)                           $0.070750     $12.07    7.03%
    Eaton Vance Insured California
     Municipal Bond Fund  II (NYSE
     Amex: EIA)                           $0.071749     $12.00    7.17%
    Eaton Vance Insured
     Massachusetts Municipal Bond
     Fund (NYSE Amex: MAB)                $0.070000     $15.29    5.49%
    Eaton Vance Insured Michigan
     Municipal Bond Fund (NYSE
     Amex: MIW)                           $0.073249     $13.71    6.41%
    Eaton Vance Insured New Jersey
     Municipal Bond Fund (NYSE
     Amex: EMJ)                           $0.076667     $14.50    6.34%
    Eaton Vance Insured New York
     Municipal Bond Fund (NYSE
     Amex: ENX)                           $0.069000     $13.59    6.09%
    Eaton Vance Insured New York
     Municipal Bond Fund  II (NYSE
     Amex: NYH)                           $0.073499     $13.28    6.64%
    Eaton Vance Insured Ohio
     Municipal Bond Fund (NYSE
     Amex: EIO)                           $0.064333     $12.84    6.01%
    Eaton Vance Insured
     Pennsylvania Municipal Bond
     Fund (NYSE Amex: EIP)                $0.070250     $13.75    6.13%
    
    

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), 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 $163.1 billion in assets as of December 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.

SOURCE Eaton Vance Management

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