Karpus Management Amends 13D Filing for Eaton Vance Muni Bond Fund
Ticker: EIM · Form: SC 13D/A · Filed: Mar 7, 2024 · CIK: 1176984
| Field | Detail |
|---|---|
| Company | Eaton Vance Municipal Bond Fund (EIM) |
| Form Type | SC 13D/A |
| Filed Date | Mar 7, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $143,265,130, $10.40 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, fund-holding
TL;DR
Karpus Management updated its stake in Eaton Vance Muni Bond Fund. Watch for more details.
AI Summary
Karpus Management, Inc. filed an amendment (No. 2) to its Schedule 13D on March 7, 2024, regarding its holdings in Eaton Vance Municipal Bond Fund. The filing indicates a change in the reporting person's beneficial ownership, though specific new percentages or dollar amounts are not detailed in this excerpt. Daniel L. Lippincott, President and Chief Investment Officer of Karpus Management, is listed as a key contact.
Why It Matters
This filing signals a potential shift in significant ownership or strategy by a major holder of the Eaton Vance Municipal Bond Fund, which could influence the fund's market performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to price volatility.
Key Players & Entities
- Karpus Management, Inc. (company) — Reporting Person
- Eaton Vance Municipal Bond Fund (company) — Subject Company
- Daniel L. Lippincott (person) — President and Chief Investment Officer of Karpus Management
- Adam W. Finerman (person) — Legal Counsel
- BakerHostetler (company) — Legal Counsel
FAQ
What specific changes in beneficial ownership are detailed in this Amendment No. 2 to the Schedule 13D?
This excerpt does not provide the specific new percentages or dollar amounts of beneficial ownership, only that an amendment has been filed.
When was the previous filing or amendment made by Karpus Management regarding this fund?
The filing is an Amendment No. 2, indicating prior filings exist, but the date of Amendment No. 1 is not provided in this excerpt.
What is the CUSIP number for the Eaton Vance Municipal Bond Fund's common shares?
The CUSIP number is 27827X101.
What is the business address of Karpus Management, Inc.?
The business address is 183 Sully's Trail, Pittsford, New York 14534.
Who is listed as the President and Chief Investment Officer of Karpus Management, Inc.?
Daniel L. Lippincott is listed as the President and Chief Investment Officer.
Filing Stats: 1,059 words · 4 min read · ~4 pages · Grade level 9.4 · Accepted 2024-03-07 15:10:50
Key Financial Figures
- $143,265,130 — cially owned by Karpus is approximately $143,265,130.53, excluding brokerage commissions. Th
- $10.40 — S) Purchase of Common Stock 956,797 $10.40 3/6/2024
Filing Documents
- karpus-sch13d_18788.htm (SC 13D/A) — 82KB
- 0001072613-24-000309.txt ( ) — 84KB
is
Item 3 is hereby amended and restated to read as follows: Karpus an independent registered investment advisor, has accumulated 14,251,363.25 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 14,251,363.25 Shares beneficially owned by Karpus is approximately $143,265,130.53, 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 6, 2024, Karpus beneficially owned an aggregate of 14,251,363.25 Shares held in the Accounts, which represents approximately 20.03% 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:14,251,363.25 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition:14,251,363.25 4. Shared power to dispose or direct the disposition:0 (c) The transactions in the Shares by Karpus through the Account since the amended Schedule 13D filing on March 6, 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 7, 2024 KARPUS MANAGEMENT, INC. By: /s/ Daniel L. Lippincott Name: Daniel L. Lippincott Title: President and Chief Investment Officer CUSIP No. 27827X10
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 8,950 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 amended Schedule 13D filing on March 6, 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 956,797 $10.40 3/6/2024