Eaton Vance closed-end funds exempt Control Share Acquisitions from by-law after court ruling

Eaton Vance Municipal Income Trust

Board voted to exempt all prior and future Control Share Acquisitions from Control Share By-Laws until further notice.
Massachusetts Superior Court ruled Control Share By-Law violates Section 18(i) of Investment Company Act.
Litigation by Saba Capital challenging by-law amendments is ongoing; court found trustees had legitimate business reason.
Exemption applies to 23 closed-end funds including EVN, EOI, EOS, EFT, EVV, and others.
Court granted summary judgment for rescission of Control Share By-Law; appeal decisions deferred until remaining issues litigated.

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