Filing Details

 

1	NAME OF REPORTING PERSON   Karpus Investment Management
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP		(a) x   (b) o
3	SEC USE ONLY
4	SOURCE OF FUNDS   WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)		¨
6	CITIZENSHIP OR PLACE OF ORGANIZATION   NEW YORK
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER   2,499,509
	8	SHARED VOTING POWER   -
	9	SOLE DISPOSITIVE POWER   2,499,509
	10	SHARED DISPOSITIVE POWER   -
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   2,499,509
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES		o
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   24.96%
14	TYPE OF REPORTING PERSON   IA

 

1	NAME OF REPORTING PERSON   George W. Karpus
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP		(a) x   (b) o
3	SEC USE ONLY
4	SOURCE OF FUNDS                   WC, PF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)		¨
6	CITIZENSHIP OR PLACE OF ORGANIZATION   USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER   280,459*
	8	SHARED VOTING POWER   14,800*
	9	SOLE DISPOSITIVE POWER   280,459*
	10	SHARED DISPOSITIVE POWER   14,800*
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   295,259*
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES		o
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   2.95%
14	TYPE OF REPORTING PERSON   IN

 

 

Item 1.

Security and Issuer.

 

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Item 3.

Source and Amount of Funds or Other Consideration.

 

 

 

 

 

Item 4.

Purpose of Transaction.

 

 

 

Item 5.

Interest in Securities of the Issuer.

 

 

 

B.	George W. Karpus

 

(a)

As of January 24, 2019, George W. Karpus beneficially owned 280,459 Shares. In addition, George W. Karpus may be deemed to beneficially own the 14,800 Shares held in the Karpus Entities.

 

 

(b)

1. Sole power to vote or direct vote: 280,459

2. Shared power to vote or direct vote: 14,800

3. Sole power to dispose or direct the disposition: 280,459

4. Shared power to dispose or direct the disposition: 14,800

(c)

Neither Mr. Karpus nor the Karpus Entities have had any transactions in the Shares for the past 60 days.

 

 

 

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

 

Item 7.

Material to be Filed as Exhibits.

 

99.1

14a-8 Shareholder Proposal sent to the Fund on January 25, 2019.

 

99.2

Joint Filing Agreement By and Between Karpus Management, Inc. and George W. Karpus, dated January 25, 2019.

 

 

 

 

 

	KARPUS MANAGEMENT, INC.
	By:	/s/ Daniel Lippincott
		Name:	Daniel Lippincott, CFA
		Title:	Director of Investment Personnel and Senior Tax-Sensitive Manager

	/s/ George W. Karpus
	GEORGE W. KARPUS

 

 

 

 

 

Name	Position & Present Principal Occupation	Business Address	Shares Owned
George W. Karpus	President, CEO, and Chairman of the Board	183 Sully’s Trail, Pittsford, New York 14534	See Above
Kathleen Finnerty Crane	Chief Financial Officer	183 Sully’s Trail, Pittsford, New York 14534	0 Shares
Dana R. Consler	Executive Vice President	183 Sully’s Trail, Pittsford, New York 14534	0 Shares
Thomas M. Duffy	Vice President	183 Sully’s Trail, Pittsford, New York 14534	0 Shares
Sharon L. Thornton	Chief Compliance Officer	183 Sully’s Trail, Pittsford, New York 14534	0 Shares
Daniel L. Lippincott, CFA	Director of Investment Personnel and Sr. Tax-Sensitive Manager	183 Sully’s Trail, Pittsford, New York 14534	0 Shares

 

 

 

Nature of the Transaction

Securities Purchased/(Sold)

Price Per Share($)

Date of Purchase / Sale

Sale of Common Stock	(2,500)	$11.47	11/30/2018
Sale of Common Stock	(2,400)	$11.18	12/18/2018
Purchase of Common Stock	59,249	$11.02	12/20/2018
Purchase of Common Stock	5,072	$10.97	12/21/2018
Purchase of Common Stock	16,623	$10.98	12/24/2018
Purchase of Common Stock	26,954	$10.96	12/26/2018
Purchase of Common Stock	2,916	$10.83	12/27/2018

This letter shall serve as notice to the Eaton Vance Municipal Bond Fund II ("EIV" or the "Fund"), as to Karpus Management, Inc.'s ("Karpus") timely submittal of a shareholder proposal pursuant to Rule 14a-8 of the Securities Exchange Act of 1934 for presentation to EIV's shareholders at the Fund's next annual shareholders' meeting anticipated to be held in July 2019, or any postponement or adjournment thereof (the "Meeting"). Karpus' non-binding 14a-8 shareholder proposal (the "Proposal") is as follows: BE IT RESOLVED, the shareholders of the Eaton Vance Municipal Bond Fund II ("EIV" or the "Fund") request that the Trustees promptly consider authorizing a self-tender offer for all outstanding common shares of the Fund at or close to net asset value ("NAV"). If more than 50% of the Fund's outstanding common shares are tendered, the tender offer should be cancelled and the Board should take the steps necessary to liquidate, merge, or convert the Fund to an open-end mutual fund or exchange traded fund. Supporting Statement EIV is a closed-end fund whose Board of Trustees has recently attempted to reorganize it into another Eaton Vance closed-end fund, the Eaton Vance Municipal Bond Fund ("EIM" or the "Acquiring Fund"). Although many reasons were listed in the Fund's filing to shareholders, the one that was not addressed was that EIV has historically traded just under 4% narrower (on average) than EIM over the past 10 years. Stated yet another way, if one were to compare the daily ending discount/premium for each fund since EIV's inception in November 2002, EIV will have been narrower than EIM approximately 78% of the time by an average margin of 3.14% (Source: Bloomberg Finance, L.P., data through 1/24/2019). Given this data, how can our Board have concluded that merging EIV into the proposed fund could possibly be in shareholders' best interests? Whatever verbose "answers" shareholders might be able to glean from the most recent proxy statement, we don't believe this simple question is adequately addressed, nor has a potential solution for it been offered to help make the proposed merger make more sense. What's even worse is that by attempting to reorganize EIV (and other Eaton Vance managed closed-end funds) into EIM, the Board appears to be attempting to put what is akin to a protective moat around EIM by making it even more costly and burdensome for shareholders to question what the Board may or may not do about EIM's perpetually wide discount or any other governance issue(s) that may arise. Tell your Board that you are not pleased with its recent attempt to reorganize the Fund into EIM. EIV has gone long enough with a wide discount. The solution is not to merge it into a fund with an even wider historical discount. NOW IS THE TIME FOR THE BOARD TO PROVIDE A REAL SOLUTION AND OFFER EIV SHAREHOLDERS FULL VALUE FOR THEIR SHARES. END OF PROPOSAL As is required by Rule 14a-8, attached as Exhibits 1 and 2 are letters from U. S. Bank N.A. and the "record" holder of the referenced shares, verifying that the referenced shares were continuously and beneficially owned, and had a market value of $2,000 or more, for at least a one year period prior to the date of the submittal of the above Proposal. Karpus intends to hold the shares referenced through the date of the Meeting. Please advise us immediately if this notice is deficient in any way or if any additional information is required so that Karpus may promptly provide it in order to cure any deficiency.

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Exhibit 1
U.S. Bank N.A. Letter

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Exhibit 2
Cede & Co. Letter

 

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto), dated the date hereof, with respect to the shares of Common Stock of the Eaton Vance Municipal Bond Fund II. This Joint Filing Agreement shall be filed as an Exhibit to such statement. January 25, 2019