UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED
MANAGEMENT INVESTMENT COMPANIES
|
Investment Company Act File Number |
|
811-09141 |
|
Eaton Vance Municipal Income Trust |
||
|
(Exact Name of Registrant as Specified in Charter) |
||
|
The Eaton Vance Building, |
|
02109 |
|
(Address of Principal Executive Offices) |
|
(Zip code) |
|
Alan R. Dynner, Esq. |
||
|
(Name and Address of Agent for Service) |
||
|
Registrant’s Telephone Number, Including Area Code: |
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(617) 482-8260 |
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Date of Fiscal Year End: |
|
November 30 |
|
Date of Reporting Period: |
|
February 28, 2006 |
Item 1. Schedule of Investments
Eaton Vance Municipal Income Trust as of February 28, 2006
PORTFOLIO OF INVESTMENTS (Unaudited)
Tax-Exempt Investments — 149.3%
|
Principal |
|
|
|
|
|
||
|
Amount |
|
|
|
|
|
||
|
(000’s omitted) |
|
Security |
|
Value |
|
||
|
Cogeneration — 1.2% |
|
|
|
||||
|
$ |
2,950 |
|
Maryland Energy Cogeneration, (AES Warrior Run), (AMT), 7.40%, 9/1/19 |
|
$ |
2,990,798 |
|
|
|
|
|
|
$ |
2,990,798 |
|
|
|
Education — 2.7% |
|
|
|
||||
|
2,250 |
|
California Educational Facilities Authority, Stanford University, Residual Certificates, Variable Rate, 11.25%, 12/1/32 (1)(2) |
|
2,815,155 |
|
||
|
300 |
|
Maryland HEFA, (Loyola College), 5.125%, 10/1/45 |
|
312,021 |
|
||
|
3,430 |
|
Massachusetts Development Finance Agency, (Boston University), 5.45%, 5/15/59 |
|
3,728,136 |
|
||
|
|
|
|
|
$ |
6,855,312 |
|
|
|
Electric Utilities — 11.5% |
|
|
|
||||
|
6,500 |
|
Brazos River Authority, TX, (Reliant Energy, Inc.), 7.75%, 12/1/18 |
|
7,100,470 |
|
||
|
1,300 |
|
Brazos River Authority, TX, PCR (Texas Energy Co.), (AMT), 5.40%, 5/1/29 |
|
1,310,621 |
|
||
|
2,000 |
|
Brazos River Authority, TX, PCR (Texas Energy Co.), (AMT), 6.75%, 4/1/38 |
|
2,254,100 |
|
||
|
3,550 |
|
Mississippi Business Finance Corp., (System Energy Resources, Inc.), 5.90%, 5/1/22 |
|
3,597,428 |
|
||
|
7,250 |
|
North Carolina Municipal Power Agency, (Catawba), 6.50%, 1/1/20 |
|
7,949,915 |
|
||
|
1,000 |
|
Pennsylvania EDA, (Reliant Energy, Inc.), (AMT), 6.75%, 12/1/36 |
|
1,066,700 |
|
||
|
3,400 |
|
Pennsylvania EDA, (Reliant Energy, Inc.), (AMT), 6.75%, 12/1/36 |
|
3,626,780 |
|
||
|
2,550 |
|
Pennsylvania EDA, (Reliant Energy, Inc.), (AMT), 6.75%, 12/1/36 |
|
2,720,085 |
|
||
|
|
|
|
|
$ |
29,626,099 |
|
|
|
Escrowed / Prerefunded — 10.4% |
|
|
|
||||
|
3,000 |
|
Capital Trust Agency, FL, (Seminole Tribe Convention), Prerefunded to 10/1/12, 8.95%, 10/1/33 |
|
3,757,380 |
|
||
|
35,000 |
|
Dawson Ridge, CO, Metropolitan District #1, Escrowed to Maturity, 0.00%, 10/1/22 |
|
16,699,550 |
|
||
|
3,185 |
|
Florida Capital Projects Finance Authority, Student Housing Revenue, (University of Central Florida), Prerefunded to 8/15/10 , 7.75%, 8/15/20 |
|
3,697,849 |
|
||
|
920 |
|
Longleaf, FL, Community Development District, Prerefunded to 5/1/06, 6.65%, 5/1/20 |
|
942,706 |
|
||
|
1,400 |
|
Mesquite, TX, Health Facilities Authority, (Christian Retirement Facility), Prerefunded to 2/15/10, 7.625%, 2/15/28 |
|
1,609,034 |
|
||
|
|
|
|
|
$ |
26,706,519 |
|
|
1
|
General Obligations — 7.1% |
|
|
|
||||
|
$ |
1,500 |
|
California, 5.25%, 11/1/29 |
|
$ |
1,605,885 |
|
|
4,950 |
|
California, 5.50%, 11/1/33 |
|
5,471,730 |
|
||
|
3,100 |
|
California, (AMT), 5.05%, 12/1/36 |
|
3,171,827 |
|
||
|
1,200 |
|
New York, NY, Variable Rate, 8.88%, 6/1/28 (1)(2) |
|
1,430,676 |
|
||
|
5,000 |
|
Puerto Rico, Variable Rate, 7.666%, 7/1/29 (1)(3) |
|
6,570,150 |
|
||
|
|
|
|
|
$ |
18,250,268 |
|
|
|
Health Care-Miscellaneous — 1.1% |
|
|
|
||||
|
576 |
|
Tax Exempt Securities Trust, Community Health Provider, Pooled Loan Program, 6.00%, 12/1/36 |
|
585,757 |
|
||
|
1,521 |
|
Tax Exempt Securities Trust, Community Health Provider, Pooled Loan Program, 6.25%, 12/1/36 |
|
1,637,692 |
|
||
|
577 |
|
Tax Exempt Securities Trust, Community Health Provider, Pooled Loan Program, 7.75%, 12/1/36 |
|
585,034 |
|
||
|
|
|
|
|
$ |
2,808,483 |
|
|
|
Hospital — 22.0% |
|
|
|
||||
|
2,000 |
|
Brevard County, FL, Health Facilities Authority, (Health First, Inc.), 5.00%, 4/1/36 |
|
2,024,740 |
|
||
|
3,500 |
|
California Health Facilities Financing Authority, (Cedars-Sinai Medical Center), 5.00%, 11/15/34 |
|
3,579,520 |
|
||
|
600 |
|
Camden County, NJ, Improvement Authority, (Cooper Health System), 5.00%, 2/15/25 |
|
611,052 |
|
||
|
1,260 |
|
Camden County, NJ, Improvement Authority, (Cooper Health System), 5.00%, 2/15/35 |
|
1,269,841 |
|
||
|
1,200 |
|
Camden County, NJ, Improvement Authority, (Cooper Health System), 5.25%, 2/15/27 |
|
1,237,620 |
|
||
|
865 |
|
Chautauqua County, NY, IDA, (Women’s Christian Association), 6.35%, 11/15/17 |
|
911,693 |
|
||
|
975 |
|
Chautauqua County, NY, IDA, (Women’s Christian Association), 6.40%, 11/15/29 |
|
1,020,874 |
|
||
|
1,000 |
|
Halifax, FL, Medical Center, 7.25%, 10/1/24 |
|
1,121,950 |
|
||
|
6,000 |
|
Henderson, NV, Health Care Facility, 5.625%, 7/1/24 |
|
6,462,600 |
|
||
|
2,680 |
|
Highland County, OH, (Joint Township Hospital District), 6.75%, 12/1/29 |
|
2,826,489 |
|
||
|
5,000 |
|
Illinois Health Facility Authority, (Loyola University Health System), 6.00%, 7/1/21 |
|
5,336,350 |
|
||
|
595 |
|
Indiana HEFA, (Clarian Health Partners), 4.75%, 2/15/34 |
|
590,799 |
|
||
|
5,275 |
|
Indiana HEFA, (Clarian Health Partners), 5.00%, 2/15/36 |
|
5,355,602 |
|
||
|
2,575 |
|
Louisiana Public Facilities Authority, (Tuoro Infirmary), 5.625%, 8/15/29 |
|
2,564,957 |
|
||
|
2,000 |
|
Martin County, MN, (Fairmont Community Hospital Association), 6.625%, 9/1/22 |
|
2,130,820 |
|
||
|
700 |
|
Maryland HEFA, (Peninsula Regional Medical Center), 5.00%, 7/1/36 |
|
724,255 |
|
||
|
945 |
|
Mecosta County, MI, General Hospital, 5.75%, 5/15/09 |
|
970,203 |
|
||
|
2,500 |
|
Mecosta County, MI, General Hospital, 6.00%, 5/15/18 |
|
2,567,525 |
|
||
2
|
$ |
1,500 |
|
New Jersey Health Care Facilities Financing Authority, (Trinitas Hospital), 7.50%, 7/1/30 |
|
$ |
1,675,665 |
|
|
5,000 |
|
North Central, TX, Health Facility Development Corp., (Baylor Healthcare System), 5.125%, 5/15/29 |
|
5,129,450 |
|
||
|
1,420 |
|
Oneonta, AL, Eastern Health Care Facility Financing Authority, (Eastern Health Systems, Inc.), 7.75%, 7/1/21 |
|
1,571,202 |
|
||
|
7,000 |
|
Rhode Island HEFA, (St. Joseph Health Services), 5.50%, 10/1/29 |
|
7,061,530 |
|
||
|
|
|
|
|
$ |
56,744,737 |
|
|
|
Housing — 13.0% |
|
|
|
||||
|
990 |
|
California Statewide Communities Development Authority, (AMT), Variable Rate, 28.198%, 12/1/34 (1)(2)(4) |
|
1,759,250 |
|
||
|
2,420 |
|
Capital Trust Agency, FL, (Atlantic Housing Foundation), 5.35%, 7/1/40 |
|
2,447,733 |
|
||
|
4,000 |
|
Charter Mac Equity Trust, TN, 6.00%, 4/30/19 |
|
4,443,680 |
|
||
|
4,000 |
|
Charter Mac Equity Trust, TN, (AMT), 6.625%, 6/30/09 (1) |
|
4,284,920 |
|
||
|
1,765 |
|
Lake Creek, CO, Affordable Housing Corp., Multifamily, 7.00%, 12/1/23 |
|
1,769,236 |
|
||
|
4,410 |
|
Louisiana Public Facilities Authority, (Eden Point), 6.25%, 3/1/34 |
|
4,545,299 |
|
||
|
4,000 |
|
Muni Mae Tax-Exempt Bond, LLC, (AMT), 6.875%, 6/30/49 (1) |
|
4,312,600 |
|
||
|
2,975 |
|
North Little Rock, AR, Residential Housing Facilities, (Parkstone Place), 6.50%, 8/1/21 |
|
3,038,010 |
|
||
|
3,495 |
|
Oregon Health Authority, (Trillium Affordable Housing), (AMT), 6.75%, 2/15/29 |
|
3,728,746 |
|
||
|
970 |
|
Raleigh, NC, Housing Authority, Multifamily, (Cedar Point), 7.00%, 11/1/30(5) |
|
10 |
|
||
|
3,300 |
|
Texas Student Housing Corp., (University of Northern Texas), 6.75%, 7/1/16 |
|
3,165,921 |
|
||
|
|
|
|
|
$ |
33,495,405 |
|
|
|
Industrial Development Revenue — 9.8% |
|
|
|
||||
|
1,825 |
|
ABIA Development Corp., TX, (Austin Cargoport Development), (AMT), 6.50%, 10/1/24 |
|
1,758,255 |
|
||
|
1,700 |
|
Broward County, FL, IDR, (Lynxs Cargoport), (AMT), 6.75%, 6/1/19 |
|
1,671,280 |
|
||
|
1,300 |
|
California Pollution Control Financing Authority, (Solid Waste Disposal), (AMT), 5.40%, 4/1/25 |
|
1,364,727 |
|
||
|
1,750 |
|
Denver, CO, City and County Special Facilities, (United Airlines), (AMT), 6.875%, 10/1/32 (5) |
|
1,759,415 |
|
||
|
1,220 |
|
Effingham County, GA, (Solid Waste Disposal), (Fort James), (AMT), 5.625%, 7/1/18 |
|
1,216,145 |
|
||
|
2,500 |
|
Gulf Coast, TX, Waste Disposal Authority, (Valero Energy Corp.) (AMT), 5.70%, 4/1/32 |
|
2,572,700 |
|
||
|
1,000 |
|
Kenton County, KY, Airport, (Delta Airlines), (AMT), 7.125%, 2/1/21 (5) |
|
661,580 |
|
||
|
6,000 |
|
New Jersey EDA, (Continental Airlines), (AMT), 6.25%, 9/15/29 |
|
5,818,020 |
|
||
|
1,500 |
|
New York City, NY, IDA, (AMT), Variable Rate, 21.684%, |
|
2,098,710 |
|
||
3
|
$ |
1,300 |
|
New York City, NY, IDA, (American Airlines, Inc.), (AMT), Variable Rate, 7.75%, 8/1/31 |
|
$ |
1,405,638 |
|
|
875 |
|
New York City, NY, IDA, (AMT), Variable Rate, 23.712%, 8/1/28 (1)(2) |
|
1,218,367 |
|
||
|
4,350 |
|
Phoenix, AZ, IDA, (America West Airlines, Inc.), (AMT), 6.25%, 6/1/19 |
|
3,640,428 |
|
||
|
|
|
|
|
$ |
25,185,265 |
|
|
|
Insured-Education — 1.2% |
|
|
|
||||
|
3,000 |
|
Massachusetts HEFA, (Berklee College of Music), (MBIA), Variable Rate, 6.92%, 10/1/27 (1)(3) |
|
3,232,950 |
|
||
|
|
|
|
|
$ |
3,232,950 |
|
|
|
Insured-Electric Utilities — 0.6% |
|
|
|
||||
|
1,350 |
|
Wamego, KS, PCR, (MBIA), 5.30%, 6/1/31 |
|
1,454,692 |
|
||
|
|
|
|
|
$ |
1,454,692 |
|
|
|
Insured-General Obligations — 13.0% |
|
|
|
||||
|
2,625 |
|
California, (FGIC), Variable Rate, 11.25%, 9/1/30 (1)(2) |
|
3,272,692 |
|
||
|
500 |
|
California, (FGIC), Variable Rate, 51.27%, 12/1/29 (1)(2)(4) |
|
1,332,650 |
|
||
|
30,160 |
|
Chicago, IL, Board of Education, (FGIC), 0.00%, 12/1/22 |
|
14,448,450 |
|
||
|
13,000 |
|
Illinois Development Finance Authority, (Local Government Program-Elgin School District-U46), (FSA), 0.00%, 1/1/20 |
|
7,136,480 |
|
||
|
2,500 |
|
Los Angeles, CA, Unified School District, (FGIC), 5.00%, 7/1/22 |
|
2,686,075 |
|
||
|
4,000 |
|
Puerto Rico, (FSA), Variable Rate, 9.36%, 7/1/27 (1)(2) |
|
4,767,760 |
|
||
|
|
|
|
|
$ |
33,644,107 |
|
|
|
Insured-Hospital — 9.7% |
|
|
|
||||
|
19,585 |
|
Kentucky EDA, (Norton Healthcare, Inc.), (MBIA), 0.00%, 10/1/25 |
|
8,158,719 |
|
||
|
22,420 |
|
Kentucky EDA, (Norton Healthcare, Inc.), (MBIA), 0.00%, 10/1/26 |
|
8,967,327 |
|
||
|
10,000 |
|
Kentucky EDA, (Norton Healthcare, Inc.), (MBIA), 0.00%, 10/1/27 |
|
3,801,500 |
|
||
|
4,000 |
|
New Jersey Health Care Facilities Financing Authority, (St. Barnabas Medical Center), (MBIA), Variable Rate, 7.755%, 7/1/28 (1)(2) |
|
4,163,280 |
|
||
|
|
|
|
|
$ |
25,090,826 |
|
|
|
Insured-Housing — 2.0% |
|
|
|
||||
|
4,525 |
|
Virginia Housing Development Authority, (MBIA), Variable Rate, 9.77%, 7/1/36 (1)(2) |
|
5,167,686 |
|
||
|
|
|
|
|
$ |
5,167,686 |
|
|
|
Insured-Special Tax Revenue — 1.6% |
|
|
|
||||
|
4,100 |
|
New York Convention Center Development Corp., (AMBAC), 4.75%, 11/15/45 |
|
4,170,315 |
|
||
|
|
|
|
|
$ |
4,170,315 |
|
|
4
|
Insured-Transportation — 20.7% |
|
|
|
||||
|
$ |
1,500 |
|
Central, TX, Regional Mobility Authority, (FGIC), 5.00%, 1/1/45 |
|
$ |
1,551,360 |
|
|
3,500 |
|
Chicago, IL, O’Hare International Airport, (AMBAC), (AMT), 5.375%, 1/1/32 |
|
3,643,535 |
|
||
|
2,983 |
|
Dallas-Fort Worth, TX, International Airport, (FGIC), (AMT), Variable Rate, 13.26%, 5/1/10 (1)(2) |
|
3,802,430 |
|
||
|
25,500 |
|
E-470 Public Highway Authority, CO, (MBIA), 0.00%, 3/1/36 |
|
5,359,590 |
|
||
|
2,400 |
|
Massachusetts Turnpike Authority, Metropolitan Highway System, (MBIA), Variable Rate, 8.564%, 1/1/37 (1)(2) |
|
2,541,744 |
|
||
|
5,000 |
|
Minneapolis and St. Paul, MN, Metropolitan Airport Commission, (FGIC), 5.25%, 1/1/32 |
|
5,285,900 |
|
||
|
5,500 |
|
Nevada Department of Business and Industry, (Las Vegas Monorail -1st Tier), (AMBAC), 5.375%, 1/1/40 |
|
5,766,530 |
|
||
|
9,835 |
|
Puerto Rico Highway and Transportation Authority, (CIFG), 5.25%, 7/1/41 |
|
11,336,018 |
|
||
|
2,000 |
|
Puerto Rico Highway and Transportation Authority, (FSA), Variable Rate, 8.495%, 7/1/32 (1)(2) |
|
2,276,360 |
|
||
|
7,000 |
|
San Antonio, TX, Airport System, (Improvements), (FGIC), (AMT), 5.25%, 7/1/21 |
|
7,351,400 |
|
||
|
9,000 |
|
Texas Turnpike Authority, (Central Texas Turnpike System), (AMBAC), 0.00%, 8/15/21 |
|
4,577,580 |
|
||
|
|
|
|
|
$ |
53,492,447 |
|
|
|
Nursing Home — 2.2% |
|
|
|
||||
|
635 |
|
Okaloosa County, FL, Retirement Rental Housing, (Encore Retirement Partners), 6.125%, 2/1/14 |
|
624,237 |
|
||
|
2,000 |
|
Orange County, FL, Health Facilities Authority, (Westminster Community Care), 6.75%, 4/1/34 |
|
2,072,560 |
|
||
|
2,820 |
|
Wisconsin HEFA, (Wisconsin Illinois Senior Housing), 7.00%, 8/1/29 |
|
2,909,309 |
|
||
|
|
|
|
|
$ |
5,606,106 |
|
|
|
Other Revenue — 13.3% |
|
|
|
||||
|
3,930 |
|
California Statewide Communities Development Authority, (East Valley Tourist Development Authority), 8.25%, 10/1/14 |
|
4,248,055 |
|
||
|
1,955 |
|
Central Falls, RI, Detention Facility Revenue, 7.25%, 7/15/35 |
|
2,155,896 |
|
||
|
3,865 |
|
Golden State Tobacco Securitization Corp., CA, 5.00%, 6/1/45 |
|
3,972,872 |
|
||
|
2,900 |
|
Golden State Tobacco Securitization Corp., CA, Variable Rate, 7.985%, 6/1/38 (1)(3)(4) |
|
3,580,398 |
|
||
|
3,160 |
|
Golden Tobacco Securitization Corp., CA, 6.75%, 6/1/39 |
|
3,563,532 |
|
||
|
1,500 |
|
Mohegan Tribe Indians, CT, Gaming Authority, (Public Improvements), 6.25%, 1/1/21 |
|
1,620,285 |
|
||
|
3,900 |
|
Puerto Rico Infrastructure Financing Authority, Variable Rate, 14.505%, 10/1/32 (1)(2)(6) |
|
5,555,355 |
|
||
|
3,300 |
|
Santa Fe, NM, (Crow Hobbs), 8.50%, 9/1/16 |
|
3,358,608 |
|
||
|
1,290 |
|
Tobacco Settlement Financing Corp., NJ, 6.75%, 6/1/39 |
|
1,452,192 |
|
||
5
|
$ |
3,000 |
|
Tobacco Settlement Financing Corp., NJ, Variable Rate, 10.51%, 6/1/39 (1)(3)(4) |
|
$ |
3,754,380 |
|
|
1,000 |
|
Tobacco Settlement Financing Corp., VA, Variable Rate, 9.044%, 6/1/37 (1)(2)(4) |
|
1,080,280 |
|
||
|
|
|
|
|
$ |
34,341,853 |
|
|
|
Senior Living / Life Care — 1.7% |
|
|
|
||||
|
3,210 |
|
Cliff House Trust, PA, (AMT), 6.625%, 6/1/27 |
|
1,893,611 |
|
||
|
3,240 |
|
Logan County, CO, Industrial Development Revenue, (TLC Care Choices, Inc.), 6.875%, 12/1/23 |
|
2,639,498 |
|
||
|
|
|
|
|
$ |
4,533,109 |
|
|
|
Special Tax Revenue — 3.1% |
|
|
|
||||
|
3,280 |
|
Bell Mountain Ranch, CO, Metropolitan District, 6.625%, 11/15/25 |
|
3,362,000 |
|
||
|
340 |
|
Longleaf, FL, Community Development District, 6.20%, 5/1/09 |
|
340,942 |
|
||
|
735 |
|
Longleaf, FL, Community Development District, 6.65%, 5/1/20 |
|
752,346 |
|
||
|
1,150 |
|
New Jersey EDA, (Cigarette Tax), 5.50%, 6/15/24 |
|
1,205,626 |
|
||
|
2,115 |
|
New Jersey EDA, (Cigarette Tax), 5.75%, 6/15/29 |
|
2,257,720 |
|
||
|
|
|
|
|
$ |
7,918,634 |
|
|
|
Transportation — 1.4% |
|
|
|
||||
|
1,500 |
|
Augusta, GA, (AMT), 5.35%, 1/1/28 |
|
1,536,825 |
|
||
|
1,875 |
|
Kent County, MI, Airport Facility, Variable Rate, 10.04%, |
|
2,037,375 |
|
||
|
|
|
|
|
$ |
3,574,200 |
|
|
|
Total Tax-Exempt Investments — 149.3%
|
|
$ |
384,889,811 |
|
|||
|
Other Assets, Less Liabilities — 1.5% |
|
$ |
3,930,852 |
|
|||
|
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (50.8)% |
|
$ |
(131,026,908) |
|
|||
|
Net Assets Applicable to Common Shares — 100.0% |
|
$ |
257,793,755 |
|
|||
|
AMBAC |
— |
AMBAC Financial Group, Inc. |
|
AMT |
— |
Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
|
CIFG |
— |
CDC IXIS Financial Guaranty North America, Inc. |
|
FGIC |
— |
Financial Guaranty Insurance Company |
|
FSA |
— |
Financial Security Assurance, Inc. |
|
MBIA |
— |
Municipal Bond Insurance Association |
6
At February 28, 2006, the concentration of the Trust’s investments in the various states, determined as a percentage of net assets, is as follows:
|
California |
|
16.5 |
% |
|
Colorado |
|
12.2 |
% |
|
Illinois |
|
11.8 |
% |
|
Puerto Rico |
|
11.8 |
% |
|
Texas |
|
16.4 |
% |
|
Others, representing less than 10% individually |
|
80.6 |
% |
The Trust invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at February 28, 2006, 32.8% of the securities in the portfolio of investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution ranged from 2.9% to 11.1% of total investments.
|
(1) |
Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2006, the aggregate value of the securities is $71,055,168 or 27.6% of the Trust’s net assets. |
|
(2) |
Security has been issued as a leveraged inverse floater bond. The stated interest rate represents the rate in effect at February 28, 2006. |
|
(3) |
Security has been issued as an inverse floater bond. The stated interest rate represents the rate in effect at February 28, 2006. |
|
(4) |
Security is subject to a shortfall and forbearance agreement. |
|
(5) |
Defaulted bond. |
|
(6) |
Security (or a portion thereof) has been segregated to cover margin requirements on open financial futures contracts. |
A summary of financial instruments at February 28, 2006 is as follows:
Futures Contracts
|
Expiration |
|
|
|
|
|
Aggregate |
|
|
|
Net |
|
|||||||
|
Date |
|
Contracts |
|
Position |
|
Cost |
|
Value |
|
Depreciation |
|
|||||||
|
06/06 |
|
1,400 U.S. Treasury Bond |
|
|
Short |
|
|
$ |
(157,515,925 |
) |
$ |
(158,331,250 |
) |
|
$ |
(815,325 |
) |
|
At February 28, 2006, the Trust had sufficient cash and/or securities to cover commitments under these contracts.
The cost and unrealized appreciation (depreciation) in value of the investments owned at February 28, 2006 as computed on a federal income tax basis, were as follows:
|
Aggregate cost |
|
$ |
348,436,105 |
|
|
Gross unrealized appreciation |
|
$ |
39,557,155 |
|
|
Gross unrealized depreciation |
|
(3,103,449 |
) |
|
|
Net unrealized appreciation |
|
$ |
36,453,706 |
|
7
Item 2. Controls and Procedures
(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Eaton Vance Municipal Income Trust |
|
|
|
By: |
|
/s/ Robert B. MacIntosh |
|
|
|
Robert B. MacIntosh |
|
|
|
President and Principal Executive Officer |
|
Date: |
|
April 27, 2006 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
By: |
|
/s/ Robert B. MacIntosh |
|
|
|
Robert B. MacIntosh |
|
|
|
President and Principal Executive Officer |
|
Date: |
|
April 27, 2006 |
|
By: |
|
/s/ Barbara E. Campbell |
|
|
|
Barbara E. Campbell |
|
|
|
Treasurer and Principal Financial Officer |
|
Date: |
|
April 27, 2006 |