10:26 AM EDT, 07/10/2024 (MT Newswires) -- Eaton Vance Municipal Bond Fund ( EIM ) said Wednesday it expects to purchase a pro-rata allocation of the shares tendered after they exceeded the number of shares offered to purchase based on the preliminary results of the fund's cash tender offer.

About 29.7 million shares were properly tendered, exceeding the roughly 14.2 million shares offered to purchase in the tender offer, the fund said. The purchase price will be $11.0913, about 98% of its net asset value per share.

The final results of the tender offer are expected around Thursday, the fund said.