Eaton Vance Municipal Bond Fund II Report of Earnings

            Eaton Vance Municipal Bond Fund II Report of Earnings

PR Newswire

BOSTON, March 8, 2013

BOSTON, March 8, 2013 /PRNewswire/ --Eaton Vance Municipal Bond Fund II (NYSE
MKT: EIV) (the "Fund"), a closed-end management investment company, today
announced the earnings of the Fund for the three months ended December 31,
2012. The Fund's fiscal year ends on September 30, 2013.

For the three months ended December 31, 2012, the Fund had net investment
income of $1,884,544 ($0.188 per common share). From this amount, the Fund
paid dividends on preferred shares of $31,401 (equal to $0.003 for each common
share), resulting in net investment income after the preferred dividends of
$1,853,143, or $0.185 per common share. In comparison, for the three months
ended December 31, 2011, the Fund had net investment income of $2,116,990
($0.212 per common share). From this amount, the Fund paid dividends on
preferred shares of $24,101 (equal to $0.002 for each common share), resulting
in net investment income after the preferred dividends of $2,092,889, or
$0.210 per common share.

Net realized and unrealized losses for the three months ended December 31,
2012 were $267,619 ($0.027 per common share). In comparison, net realized and
unrealized gains for the three months ended December 31, 2011 were $1,453,934
($0.146 per common share).

On December 31, 2012, net assets of the Fund applicable to common shares were
$133,494,169. The net asset value per common share on December 31, 2012 was
$13.34 based on 10,009,691 common shares outstanding. In comparison, on
December 31, 2011, net assets of the Fund applicable to common shares were
$121,506,476. The net asset value per common share on December 31, 2011 was
$12.16 based on 9,993,730 common shares outstanding.

The Fund periodically makes certain performance data and information about
portfolio characteristics available on www.eatonvance.com (on the fund
information page under "Individual Investors – Closed-End Funds"). Fund
portfolio holdings for the most recent month-end are also posted to the
website approximately 30 days following month-end.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance
Corp. (NYSE: EV), based in Boston, one of the oldest investment management
firms in the United States, with a history dating back to 1924. Eaton Vance
and its affiliates managed $247.8 billion in assets as of January 31, 2013
offering individuals and institutions a broad array of investment strategies
and wealth management solutions. The Company's long record of providing
exemplary service and attractive returns through a variety of market
conditions has made Eaton Vance the investment manager of choice for many of
today's most discerning investors. For more information about Eaton Vance,
visit www.eatonvance.com.



EATON VANCE MUNICIPAL BOND FUND II
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                                     Three Months Ended    Three Months Ended
                                    December 31,           December 31,
                                     2012                  2011
Net investment income                $   1,885           $   2,117
Net realized and unrealized gains
(losses)
 on investments                     (268)                 1,454
Preferred dividends paid from net    (31)                  (24)
investment income
  Net increase (decrease) in net
  assets
   from operations                  $   1,586           $   3,547
Earnings per Common Share
Outstanding
Net investment income               $   0.188           $   0.212
Net realized and unrealized gains
(losses)
 on investments                     (0.027)               0.146
Preferred dividends paid from net    (0.003)               (0.002)
investment income
  Net increase (decrease) in net
  assets
   from operations                  $   0.158           $   0.356
Net investment income                $   0.188           $   0.212
Preferred dividends paid from net    (0.003)               (0.002)
investment income
Net investment income after          $   0.185           $   0.210
preferred dividends
Net Asset Value at December 31
(Common Shares)
  Net assets                        $133,494              $121,506
  Shares outstanding                10,010                9,994
  Net asset value per share          $   13.34           $   12.16
  outstanding
Market Value Summary (Common
Shares)
  Market price on NYSE MKT at        $   13.32           $   13.87
  December 31
  High market price (period ended    $   14.31           $   13.90
  December 31)
  Low market price (period ended     $   13.21           $   12.40
  December 31)



SOURCE Eaton Vance Management

Website: http://www.eatonvance.com
Contact: Investor Contact: (800) 262-1122
 
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