EV MI Municipal Income:EMI


    As of 2/9/2016

    52 Wk Avg$12.73$14.68-13.28%
    52 Wk High$13.42$15.11-10.54%
    52 Wk Low$12.27$14.34-15.50%
    Regular Distribution TypeIncome Only
    Distribution Rate5.30%
    Distribution Amount$0.0591
    Distribution FrequencyMonthly
    Taxable Equivalent Yield8.15%
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks current income exempt from Federal and MI income taxes through investment in investment grade MI municipal securities

    Capital Structure

    As of 2/9/2016

    Total Net Assets:$47.795M
    Total Common Assets:$30.295M
    Common Shares Outstanding:2,012,994

    As of 11/30/2015

    Preferred Share Assets: $18.000M
    Type of Preferred: Auction preferred stock
    Total Debt (USD):
    Structural Leverage (USD): $18.000M
    Structural Leverage (%): 37.10%
    Effective Leverage (USD): $18.000M
    Effective Leverage (%): 37.10%
    Preferred Share Rates
    Date Symbol Series Rate Shares
    Annual Expense Ratios

    As of 11/30/2015

      Per Common Share
    Management Fees0.97%
    Other Expenses:0.72%
    Baseline Expense: 1.69%
    Interest Expense:0.00%
    Total: 1.69%

    Fund Management

    Fund Sponsor
    Eaton Vance

    Portfolio Managers
    Cynthia J. Clemson (31 Jul 2015)

    Category:Tax-Free Income-Michigan
    NAV Ticker:XEMIX
    Average Daily Volume (shares):3,000
    Average Daily Volume (USD):$0.033M
    Inception Date:1/29/1999
    Inception Share Price:$15.00
    Inception NAV:$14.97
    Tender Offer:No
    Fiscal Year End:November 30
    Third Party Links & Reports


    As of 2/9/2016

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 11/30/2015
    Annualized Distribution Rate on NAV:
    As of 2/9/2016
    Total Return on NAV (12 months):
    As of 2/9/2016
    Avg. UNII Per Share:
    As of 11/30/2015
    Avg. Portfolio Coupon:
    As of 2/9/2016
    Total % Portfolio Effectively Leveraged:
    As of 2/9/2016

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 2/9/2016

    PeriodAvg Discount
    6 Month-13.41%
    1 Year-13.28%
    3 Year-12.42%
    5 Year-9.99%

    As of 2/10/2016

    3 Month2.10
    6 Month2.30
    1 Year2.20
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 2/9/2016
    Category: State Municipal MI Leveraged Non-Insured

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 2/9/2016
    Category: State Municipal MI Leveraged Non-Insured

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    As of 12/31/2015
    Average Coupon:
    As of 2/9/2016
    Number of Holdings:
    As of 11/30/2015
    Annual Portfolio Turnover:
    As of 11/30/2015
    As of 12/31/2015
    Average Bond Price:
    As of 12/31/2015
    Asset Allocation

    As of 12/31/2015 reported by Fund Sponsor

    Top Sectors

    As of 12/31/2015 reported by Fund Sponsor

    Insured Local GO 18.42%
    Local GO 17.51%
    HealthCare:Acute 15.87%
    Water & Sewer 7.31%
    Public Power 5.99%
    Insured Water & Sewer 4.65%
    Education 4.54%
    Escrowed 3.66%
    Special Tax 3.37%
    Insured Education 3.25%
    Call Exposure

    As of 12/31/2015 reported by Fund Sponsor

    Top Holdings

    As of 11/30/2015 reported by Fund Sponsor

    HoldingValue% Portfolio
    Kent Cnty Mich Ltd Tax G 5% 5.00 01 Jan 2025$1.65M3.51%
    Royal Oak Mich Hosp Fin Auth 5% 5.00 01 Sep 2039$1.37M2.91%
    Van Dyke Mich Pub Schs School Bu 5% 5.00 01 May 2038$1.35M2.85%
    South Haven Mich Pub Schs Sch Bldg 5% 5.00 01 May 2041$1.33M2.83%
    Michigan Fin Auth 5% 5.00 01 Jul 2044$1.31M2.78%
    Holland Mich Elec Rev Rev Bds 5% 5.00 01 Jul 2039$1.30M2.75%
    Lansing Mich Cmnty College Ltd Go Re 5% 5.00 01 May 2030$1.16M2.47%
    Battle Creek Mich Sch Dist 5% 5.00 01 May 2037$1.16M2.46%
    Hartland Mich Cons Sch Dist 5.25% 5.25 01 May 2029$1.15M2.44%
    Michigan St Trunk Line St Truck 5% 5.00 15 Nov 2036$1.15M2.43%
    Kent Cnty Mich Rev Ref L 5% 5.00 01 Jan 2028$1.14M2.42%
    Credit Quality

    As of 12/31/2015 reported by Fund Sponsor

    Maturity Breakdown

    As of 12/31/2015 reported by Fund Sponsor

    Country Allocation

    As of 12/31/2015 reported by Fund Sponsor

    Country% Portfolio
    USA 96.42%
    Puerto Rico 3.58%

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    Distribution type sourced from Morningstar. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    Taxable equivalent yield represents the yield you would need to earn on a taxable investment in order to equal the federal tax-free yield on a municipal investment. The yield shown is based on the current market yield and a federal tax rate of 35%. At the present time, no state tax rate is assumed for this calculation.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    Data provided by MorningstarData Provided by Morningstar