Eaton Vance Insured Municipal Bond Funds Declare Monthly Distributions

October 30, 2009 3:54 PM EDT

BOSTON, Oct. 30 /PRNewswire-FirstCall/ -- Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of eleven of its closed-end insured municipal bond funds ("Funds"). The record date for the distributions is November 23, 2009, and the payable date is November 30, 2009. The ex-date is November 19, 2009. The distribution per share, closing market price on October 29, 2009 (or last trade price), and annualized market yield for each Fund is as follows:

                                         Distribution   Closing    Annualized
    Fund                                  Per Share   Market Price    Yield

    Eaton Vance Insured Municipal Bond
     Fund  (NYSE Amex: EIM)               $0.074667     $13.08         6.85%
    Eaton Vance Insured Municipal Bond
     Fund II (NYSE Amex: EIV)             $0.076874     $12.80         7.21%
    Eaton Vance Insured California
     Municipal Bond Fund (NYSE Amex:
     EVM)                                 $0.069917     $12.63         6.64%
    Eaton Vance Insured California
     Municipal Bond Fund  II (NYSE
      Amex: EIA)                          $0.070916     $12.22         6.96%
    Eaton Vance Insured Massachusetts
     Municipal Bond Fund (NYSE Amex:
     MAB)                                 $0.069167     $14.85         5.59%
    Eaton Vance Insured Michigan
     Municipal Bond Fund (NYSE Amex:
     MIW)                                 $0.071999     $13.07         6.61%
    Eaton Vance Insured New Jersey
     Municipal Bond Fund (NYSE Amex:
     EMJ)                                 $0.075417     $15.24         5.94%
    Eaton Vance Insured New York
     Municipal Bond Fund (NYSE Amex:
     ENX)                                 $0.066917     $13.83         5.81%
    Eaton Vance Insured New York
     Municipal Bond Fund  II (NYSE
      Amex: NYH)                          $0.072666     $13.76         6.34%
    Eaton Vance Insured Ohio Municipal
     Bond Fund (NYSE Amex: EIO)           $0.061833     $12.21         6.08%
    Eaton Vance Insured Pennsylvania
     Municipal Bond Fund (NYSE Amex:
     EIP)                                 $0.069000     $13.01         6.36%

The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the Funds' common shares could change.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $157.0 billion in assets as of September 30, 2009 offering individuals and institutions a broad array of financial products and wealth solutions including mutual funds, managed accounts, variable trusts and charitable giving services. A combination of tradition, proven long-term performance and more than 80 years of experience have made Eaton Vance the investment manager of choice for many investors. For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management

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