EVO Eaton Vance Ohio Municipal Income Trust Shares of Beneficial Interest

BOSTON, Nov. 15, 2013 /PRNewswire/ -- The Boards of Trustees (Boards) of the below-listed Eaton Vance closed-end funds (the Funds) have authorized the repurchase by each Fund of up to 10% of its outstanding common shares as of November 11, 2013 in open-market transactions at a discount to net asset value per share (NAV).

Each Fund's repurchase program will be implemented on a discretionary basis under the direction of Eaton Vance Management (EVM), the investment adviser. Each Fund's repurchase activity, including the numbers of shares purchased, average price and average discount to NAV, will be disclosed in the Fund's annual and semi-annual reports to shareholders.  Establishing the repurchase program does not obligate the Funds to purchase specific amounts of shares. 

The Funds are as follows:

In addition to the listed Funds, EVM advises eight equity option closed-end funds.  The Boards of such funds initially authorized repurchase programs in August 2012, and then approved continuation of the programs in September 2013.  All Eaton Vance closed-end funds listed under Closed-End Funds at www.eatonvance.com are now authorized to repurchase their shares in open-market transactions at a discount to NAV.   

Additional information about the Funds, including performance and portfolio characteristic information, is available at www.eatonvance.com.  Information about Fund repurchase activity also is included in Fund shareholder reports.

EVM is a subsidiary of Eaton Vance Corp. (NYSE: EV), one of the oldest investment management firms in the United States, with a history dating back to 1924.  Eaton Vance and its affiliates managed $273.1 billion in assets as of September 30, 2013, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.  For more information about Eaton Vance, visit www.eatonvance.com.

Shares of closed-end funds often trade at a discount to NAV.  The market price of Fund shares can be affected by factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions.  Fund shares are subject to investment risk, including possible loss of principal invested.  No Fund is a complete investment program and you may lose money investing in a Fund.  An investment in a Fund may not be appropriate for all investors.  Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses. 

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States 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 a Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

SOURCE Eaton Vance Management