Eaton Vance Municipal Income Trust announces plan to offer shares

By Toni Weeks

San Luis Obispo, Calif., July 3 - The Eaton Vance Municipal Income Trust announced an offering of shares, according to a 497 filing with the Securities and Exchange Commission.

The diversified closed-end management investment company aims to provide current income exempt from regular federal income tax by investing primarily in investment-grade municipal securities.

During normal market conditions, the trust will invest at least 80% of its net assets in debt obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, the interest on which is exempt from regular federal income tax. At least 65% of the trust's assets will normally be invested in investment-grade municipal obligations at the time of investment.

Thomas M. Metzold is the portfolio manager.

The trust registered to sell 2,281,789 shares at prices to be set forth in one or more prospectus supplements. The trust's shares (NYSE: EVN) closed at $12.14 on July 3.

Boston-based Eaton Vance Management will serve as the investment adviser.

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