0000940394-19-001657.txt : 20191216 0000940394-19-001657.hdr.sgml : 20191216 20191216084451 ACCESSION NUMBER: 0000940394-19-001657 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20191216 DATE AS OF CHANGE: 20191216 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EATON VANCE MUNICIPAL BOND FUND CENTRAL INDEX KEY: 0001176984 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC TO-I/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85179 FILM NUMBER: 191286056 BUSINESS ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6174828260 MAIL ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: EATON VANCE INSURED MUNICIPAL BOND FUND DATE OF NAME CHANGE: 20020702 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EATON VANCE MUNICIPAL BOND FUND CENTRAL INDEX KEY: 0001176984 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6174828260 MAIL ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: EATON VANCE INSURED MUNICIPAL BOND FUND DATE OF NAME CHANGE: 20020702 SC TO-I/A 1 mbfsctoi.htm EATON VANCE MUNICIPAL BOND FUND DTD 12-16-2019

AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON DECEMBER 16, 2019

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE TO

Tender Offer Statement Under Section 14(d)(1) or 13(e)(1) of the

Securities Exchange Act Of 1934

 

Eaton Vance Municipal Bond Fund

(Name of Subject Company (Issuer))

 

Eaton Vance Municipal Bond Fund

(Name of Filing Person (Issuer))

 

Common Shares of Beneficial Interest, $.01 par value

(Title of Class of Securities)

 

27827X101

(CUSIP Number of Class of Securities)

 

Maureen A. Gemma

Eaton Vance Management

Two International Place

Boston, Massachusetts 02110

(617) 672-8305

(Name, Address and Telephone Number of Person Authorized to Receive Notices

and Communications on Behalf of the Person(s) Filing Statement)

 

Calculation of Filing Fee
Transaction Valuation Amount Of Filing Fee
$54,468,759.83(a) $74.92(b)

 

(a)Estimated for purposes of calculating the amount of the filing fee only. Pursuant to Rule 0-11(b)(1) under the Securities Exchange Act of 1934, as amended, the Transactional Value was calculated by multiplying 3,986,326 shares in the offer (5% of the total number of common shares outstanding) by $13.6639 (98% of the net asset value per share of $13.9428 as of the close of regular trading on the New York Stock Exchange on December 13, 2019).

 

(b)Calculated at $129.80 per $1,000,000 of the Transaction Valuation.

 

[x]Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

Amount Previously Paid: $6,995.13 Filing Party: Eaton Vance Municipal Bond Fund
Form of Registration No.: Schedule TO Date Filed:   November 14, 2019

 

[_]Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

 

Check the appropriate boxes below to designate any transactions to which the statement relates:

 

[_]third party tender offer subject to Rule 14d-1.
[x]issuer tender offer subject to Rule 13e-4.
[_]going-private transaction subject to Rule 13e-3.
[_]amendment to Schedule 13D under Rule 13d-2.

 

 
 

Check the following box if the filing is a final amendment reporting the results of the tender offer. [_]

 

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

 

[_]Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
[_]Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

 

 

 

EXPLANATORY NOTE

 

This Amendment No. 1 (“Amendment No. 1”) amends and supplements the Tender Offer Statement on the Schedule TO initially filed with the Securities and Exchange Commission (the “SEC”) on November 14, 2019 by Eaton Vance Municipal Bond Fund, a closed-end management investment company (the “Fund”) in connection with the Fund’s offer to purchase for cash up to 5% or 3,986,326 of its issued and outstanding common shares of beneficial interest at a purchase price equal to 98% of the Fund’s net asset value per share as of the close of regular trading on the New York Stock Exchange on December 13, 2019, upon the terms and subject to the conditions set forth in the Fund’s Offer to Purchase dated November 14, 2019 (the “Offer to Purchase”) and the related Letter of Transmittal (the “Letter of Transmittal,” which together with the Offer to Purchase constitute the “Offer”).

 

This Amendment No. 1 to Schedule TO is intended to satisfy the requirements pursuant to Rule 13e-4(c)(3) of the Exchange Act.

 

The information in the Offer to Purchase and the Letter of Transmittal, previously filed with the Schedule TO as Exhibits (a)(1)(i) and (a)(1)(ii), respectively, is incorporated by reference into this Amendment No. 1 in answer to Items 1 through 9 and Item 11 of the Schedule TO.

 

Item 10.

Not applicable.

 

Item 12. Exhibits.

 

Item 12 of the Schedule TO is hereby amended and supplemented to add the following exhibit:

 

(a)(5)(ii) Press Release issued on December 16, 2019.

 

Item 13.

 

Not applicable.

 

 
 

 

 

Signature

 

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Eaton Vance Municipal Bond Fund
   
By: /s/ Payson F. Swaffield
Name: Payson F. Swaffield
Title: President

 

 

Dated as of December 16, 2019

 

 
 

Exhibit Index

 

Exhibit No. Document
(a)(1)(i) Offer to Purchase dated November 14, 2019.1
(a)(1)(ii) Letter of Transmittal. 1
(a)(1)(iii) Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.1
(a)(1)(iv) Letter to Clients for us by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. 1
(a)(1)(v) Form of Notice of Withdrawal. 1
(a)(5)(i) Press Release issued on November 14, 2019. 1
(a)(5)(ii) Press Release issued on December 16, 2019.
(d)(i)

Standstill Agreement dated February 28, 2019. 1

 

1 Previously filed on Schedule TO via EDGAR on November 14, 2019 and incorporated herein by reference.

EX-99.(A)(5)(II) 2 exhibita5ii_ex-99za5ii.htm PRESS RELEASE ISSUED ON DECEMBER 16, 2019

 

 

 

Investor Contact: (800) 262-1122

 

FOR IMMEDIATE RELEASE

 

Eaton Vance Municipal Bond Fund

Announces Preliminary Results Of Tender Offer

 

BOSTON, MA, December 16, 2019 — Eaton Vance Municipal Bond Fund (NYSE American: EIM) (the “Fund”) announced today the preliminary results of its tender offer for up to 5% or 3,986,326 of its outstanding common shares of beneficial interest. The tender offer expired at 5:00 P.M. Eastern Time on December 13, 2019.

 

Based on preliminary information provided by American Stock Transfer & Trust Company, the depositary for the tender offer, approximately 24,509,363 shares were properly tendered. In accordance with the terms and conditions of the tender offer, because the number of shares tendered exceeds the number of shares offered to purchase, the Fund will purchase shares from tendering shareholders on a pro-rata basis (disregarding fractional shares). The purchase price of properly tendered shares is 98% of the Fund’s net asset value per share calculated as of the close of regular trading on the New York Stock Exchange (NYSE) on December 13, 2019, which is equal to $13.6639 per share. These numbers are subject to adjustment and should not be regarded as final.

 

The Fund currently expects to announce the final results of the tender offer on or about December 17, 2019.

 

The information agent for the tender offer is AST Fund Solutions, LLC. Any questions with regard to the tender offer may be directed to the information agent toll-free at 877-283-0318.

 

 
 

 

 

About Eaton Vance Corp.

 

The Fund’s investment adviser is Eaton Vance Management, a subsidiary of Eaton Vance Corp. Eaton Vance Corp. (NYSE: EV) provides advanced investment strategies and wealth management solutions to forward-thinking investors around the world. Through principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital, Hexavest and Calvert, the Company offers a diversity of investment approaches, encompassing bottom-up and top-down fundamental active management, responsible investing, systematic investing and customized implementation of client-specified portfolio exposures. As of October 31, 2019, Eaton Vance had consolidated assets under management of $497.4 billion.

 

For more information, visit eatonvance.com.

 

About the Fund

 

Except pursuant to a tender offer, common shares of the Fund are available for purchase or sale only through secondary market trading at their current market price. Shares of closed-end funds (such as the Fund) often trade at a discount from their net asset value. The market price of a closed-end fund’s shares may vary from net asset value based on factors affecting the supply and demand for shares, such as fund distribution rates relative to similar investments, investors’ expectations for future distribution changes, the clarity of the fund’s investment strategy and future return expectations, and investors’ confidence in the underlying markets in which the fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. Shares of the Fund are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. No fund is a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund’s investment objective, risks, charges and expenses.

 

 
 

 

 

 

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 Fund. Additional information about the Fund, 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 U.S. 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 the Fund’s control and could cause actual results to differ materially from those set forth in the forward-looking statements.

###

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