Karpus Management Amends Eaton Vance Muni Bond Fund Filing
Ticker: EIM · Form: SC 13D/A · Filed: Mar 6, 2024 · CIK: 1176984
| Field | Detail |
|---|---|
| Company | Eaton Vance Municipal Bond Fund (EIM) |
| Form Type | SC 13D/A |
| Filed Date | Mar 6, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $133,265,830, $10.03, $10.13, $10.24, $10.14 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, schedule-13d, beneficial-ownership
TL;DR
Karpus Management filed a 13D/A for Eaton Vance Muni Bond Fund - holdings updated.
AI Summary
Karpus Management, Inc. has filed an amendment (No. 1) to its Schedule 13D, reporting a change in its beneficial ownership of Eaton Vance Municipal Bond Fund common shares as of March 6, 2024. The filing indicates a shift in their holdings, though specific new percentages or dollar amounts are not detailed in this excerpt. Karpus Management, Inc. is based in Pittsford, NY.
Why It Matters
This amendment signals a potential change in a significant shareholder's stake in the Eaton Vance Municipal Bond Fund, which could influence the fund's future performance or strategic direction.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous filing and primarily reports changes in beneficial ownership without indicating any aggressive actions or disputes.
Key Players & Entities
- Karpus Management, Inc. (company) — Filing entity
- Eaton Vance Municipal Bond Fund (company) — Subject company
- Daniel L. Lippincott (person) — President and Chief Investment Officer of Karpus Management, Inc.
- Adam W. Finerman, Esq. (person) — Legal counsel for Karpus Management, Inc.
FAQ
What specific changes in beneficial ownership are reported in this Amendment No. 1?
The filing states there has been a change in beneficial ownership, but the specific details regarding the percentage or number of shares acquired or disposed of are not provided in this excerpt.
What is the CUSIP number for the Eaton Vance Municipal Bond Fund common shares?
The CUSIP number for the Eaton Vance Municipal Bond Fund common shares is 27827X101.
Who is filing this Schedule 13D/A?
Karpus Management, Inc. is filing this Schedule 13D/A.
What is the business address of Karpus Management, Inc.?
The business address of Karpus Management, Inc. is 183 Sully's Trail, Pittsford, New York 14534.
What is the date of this filing?
The filing date is March 6, 2024.
Filing Stats: 1,174 words · 5 min read · ~4 pages · Grade level 8.5 · Accepted 2024-03-06 16:08:39
Key Financial Figures
- $133,265,830 — cially owned by Karpus is approximately $133,265,830.34, excluding brokerage commissions. Th
- $10.03 — TS) Purchase of Common Stock 28,187 $10.03 1/30/2024 Purchase of Common Stock
- $10.13 — 24 Purchase of Common Stock 116,404 $10.13 1/31/2024 Purchase of Common Stock
- $10.24 — 2024 Purchase of Common Stock 6,603 $10.24 2/1/2024 Purchase of Common Stock 4
- $10.14 — 024 Purchase of Common Stock 48,218 $10.14 2/2/2024 Purchase of Common Stock 1
- $10.18 — 024 Purchase of Common Stock 14,427 $10.18 2/6/2024 Purchase of Common Stock 2
- $10.27 — 024 Purchase of Common Stock 51,367 $10.27 2/8/2024 Purchase of Common Stock 5
- $10.34 — 2024 Purchase of Common Stock 5,166 $10.34 2/9/2024 Sale of Common Stock (4,60
- $10.36 — 9/2024 Sale of Common Stock (4,601) $10.36 2/12/2024 Purchase of Common Stock
- $10.25 — 024 Purchase of Common Stock 24,558 $10.25 2/13/2024 Purchase of Common Stock
- $10.30 — 2024 Purchase of Common Stock 4,050 $10.30 2/14/2024 Purchase of Common Stock
- $10.40 — 4/2024 Purchase of Common Stock 700 $10.40 2/15/2024 Purchase of Common Stock
- $10.28 — 024 Purchase of Common Stock 26,097 $10.28 2/27/2024 Purchase of Common Stock
- $10.31 — 024 Purchase of Common Stock 20,300 $10.31 2/28/2024 Sale of Common Stock (2,4
- $10.39 — 8/2024 Sale of Common Stock (2,447) $10.39 2/29/2024 Purchase of Common Stock
Filing Documents
- karpus-sch13d_18788.htm (SC 13D/A) — 94KB
- 0001072613-24-000298.txt ( ) — 96KB
is
Item 3 is hereby amended and restated to read as follows: Karpus an independent registered investment advisor, has accumulated 13,294,566.25 Shares on behalf of accounts managed by Karpus (the “Accounts”) under limited powers of attorney. All funds that have been utilized in making such purchases for the Accounts (which are open market purchases unless otherwise noted) are from such Accounts. The aggregate purchase price of the 13,294,566.25 Shares beneficially owned by Karpus is approximately $133,265,830.34, excluding brokerage commissions. The Shares purchased by Karpus with working capital (which may at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases except as otherwise noted herein. Item 5. Interest in Securities of the Issuer . (a) As of the close of business on March 5, 2024, Karpus beneficially owned an aggregate of 13,294,566.25 Shares held in the Accounts, which represents approximately 18.68% of the 71,153,184 Shares reported as outstanding as of September 30, 2023 on the Form N-CSR filed by the Issuer for the annual period ended September 30, 2023. (b) 1. Sole power to vote or direct vote:13,294,566.25 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition:13,294,566.25 4. Shared power to dispose or direct the disposition:0 (c) The transactions in the Shares by Karpus through the Account since the Original Schedule 13D filing on January 19, 2024 are set forth in Schedule B and incorporated herein by reference. CUSIP No.27827X101 13D Page 4 of 5 Pages SIGNATURE After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 6, 2024 KARPUS MANAGEMENT, INC. By: /s/ Daniel L. Lippincott Name: Daniel L. Lippincott Title: President and Chief Investment Officer CUSIP No. 2782
Business
Owned Kathleen Finnerty Crane Chief Financial Officer 183 Sully’s Trail, Pittsford, New York 14534 17,000 Shares Thomas Michael Duffy Senior Vice President and Director of Operations 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Daniel Lee Lippincott President and Chief Investment Officer 183 Sully’s Trail, Pittsford, New York 14534 5,000 Shares Brett David Gardner Senior Vice President 183 Sully’s Trail, Pittsford, New York 14534 8,150 Shares Jodi Lee Hedberg Chief Compliance Officer 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Thomas Wayne Griffin Director 17 East Market Street, West Chester, Pennsylvania 19382 80 0 Shares Carlos Manuel Yuste Director 17 East Market Street, West Chester, Pennsylvania 19382 0 Shares SCHEDULE B Transactions in the Shares since the Original Schedule 13D filing on January 19, 2024. Nature of the Transaction Shares Purchased/(Sold) Price Per Share($) Date of Purchase / Sale KARPUS MANAGEMENT, INC., D/B/A/ KARPUS INVESTMENT MANAGEMENT (THROUGH THE ACCOUNTS) Purchase of Common Stock 28,187 $10.03 1/30/2024 Purchase of Common Stock 116,404 $10.13 1/31/2024 Purchase of Common Stock 6,603 $10.24 2/1/2024 Purchase of Common Stock 48,218 $10.14 2/2/2024 Purchase of Common Stock 14,427 $10.18 2/6/2024 Purchase of Common Stock 2,809 $10.18 2/7/2024 Purchase of Common Stock 51,367 $10.27 2/8/2024 Purchase of Common Stock 5,166 $10.34 2/9/2024 Sale of Common Stock (4,601) $10.36 2/12/2024 Purchase of Common Stock 24,558 $10.25 2/13/2024 Purchase of Common Stock 4,050 $10.30 2/14/2024 Purchase of Common Stock 700 $10.40 2/15/2024 Purchase of Common Stock 1,000 $10.36 2/22/2024 Purchase of Common Stock 18,300 $10.34 2/26/2024 Purchase of Common Stock 26,097 $10.28 2/27/2024 Purchase of Common Stock 20,300 $10.31 2/28/2024 Sale of Common