Filing Details

Accession Number:
0001048703-19-000064
Form Type:
13D Filing
Publication Date:
2019-07-29 09:45:03
Filed By:
Karpus Management, Inc.
Company:
Eaton Vance Municipal Bond Fund (NYSEMKT:EIM)
Filing Date:
2019-07-29
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Karpus Investment Management 555,662 124,930 9,901,660 124,930 9,901,660 12.4%
George W. Karpus 555,662 680,592 Less than 1%
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)

(Amendment No. 3) 1

Eaton Vance Municipal Bond Fund
(Name of Issuer)

Common Stock
(Title of Class of Securities)

27827X101
(CUSIP Number)
 
Daniel L. Lippincott, CFA, Senior Tax-Sensitive Manager
Karpus Management, Inc.
d/b/a Karpus Investment Management
183 Sully’s Trail
Pittsford, New York 14534
(585) 586-4680

Adam W. Finerman, Esq.
Olshan Frome Wolosky LLP
1325 Avenue of the Americas
New York, New York 10019
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

July 23, 2019
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  x.

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.


_______________
1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
CUSIP NO. 27827X101
 
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
POWER
 
9,901,660
8
SHARED VOTING POWER
 
-
9
SOLE DISPOSITIVE POWER
 
9,901,660
10
SHARED DISPOSITIVE POWER
 
-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
9,901,660
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
12.4%
14
TYPE OF REPORTING PERSON
 
IA

 
CUSIP NO. 27827X101
 
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
 
NEW YORK
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
555,662*
8
SHARED VOTING POWER
 
124,930*
9
SOLE DISPOSITIVE POWER
 
555,662*
10
SHARED DISPOSITIVE POWER
 
124,930*
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
680,592*
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
Less than 1%
14
TYPE OF REPORTING PERSON
 
IN
*See Items 2 and 5.


 
CUSIP NO. 27827X101
 
 
 
 
 
Item 3.
Source and Amount of Funds or Other Consideration.
 
Item 3 is hereby amended and restated as follows:
Karpus, an independent registered investment advisor, has accumulated 9,901,660 Shares on behalf of accounts that are managed by Karpus (the “Accounts”) under limited powers of attorney, which represents 12.4% of the outstanding Shares. 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 9,901,660 Shares beneficially owned by Karpus Investment Management is approximately $118,646,261, excluding brokerage commissions. Such Shares were purchased 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.
 
The aggregate purchase price of the 680,592 Shares held by Mr. Karpus and the Karpus Entities is approximately $8,376,156, excluding brokerage commissions. Such Shares were purchased 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.
 
 
CUSIP NO. 27827X101
 
 
 
Item 4.
Purpose of Transaction.
 
Karpus, an indepependent registered investment advisor, with a specialty focus in closed-end funds, believes that the profile of the Issuer fit the investment guidelines for various Accounts. Shares have been acquired since November 15, 2013.
 
CUSIP NO. 27827X101
 
 
Item 5.
Interest in Securities of the Issuer.
 
Item 5 is hereby amended and restated as follows:
 
The aggregate percentage of Shares reported owned by each Reporting Person is based upon 79,726,520 Shares outstanding, which is the total number of Shares outstanding as of June 28, 2019 as communicated by the Issuer.
 
 

 
CUSIP NO. 27827X101
 
 
 
SIGNATURES
 
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:   July 29, 2019

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

 
/s/ George W. Karpus
 
GEORGE W. KARPUS


 
CUSIP NO. 27827X101
 
 
 
 
SCHEDULE B
 
Transactions in the Shares over the last 60 days.

Nature of the Transaction
Securities
Purchased/(Sold)
Price Per
Share($)
Date of
Purchase / Sale

KARPUS MANAGEMENT, INC., D/B/A/ KARPUS INVESTMENT MANAGEMENT
(THROUGH THE ACCOUNTS)

Sale of Common Stock
(20,700)
$12.65
6/14/2019
Sale of Common Stock
(14,300)
$12.67
6/17/2019
Purchase of Common Stock
88,500
$12.42
6/20/2019
Purchase of Common Stock
6,100
$12.43
6/21/2019
Purchase of Common Stock
8,425
$12.44
6/24/2019
Purchase of Common Stock
71,087
$12.44
6/25/2019
Purchase of Common Stock
15,000
$12.39
6/26/2019
Purchase of Common Stock
143,890
$12.42
6/27/2019
Purchase of Common Stock
37,382
$12.44
6/28/2019
Sale of Common Stock
(3,171)
$12.53
7/1/2019
Sale of Common Stock
(1,136)
$12.45
7/2/2019
Purchase of Common Stock
99,508
$12.39
7/5/2019
Purchase of Common Stock
5,000
$12.36
7/8/2019
Purchase of Common Stock
20,557
$12.40
7/9/2019
Purchase of Common Stock
2,623
$12.43
7/10/2019
Purchase of Common Stock
29,126
$12.50
7/12/2019
Purchase of Common Stock
500
$12.51
7/15/2019
Purchase of Common Stock
19,800
$12.55
7/16/2019
Purchase of Common Stock
43,614
$12.57
7/17/2019
Purchase of Common Stock
51,814
$12.62
7/19/2019
Purchase of Common Stock
33,100
$12.65
7/22/2019
Purchase of Common Stock
93,803
$12.60
7/23/2019
Purchase of Common Stock
9,541
$12.65
7/24/2019
Purchase of Common Stock
9,541
$12.65
7/24/2019