Business Context and Reporting Period
This Form 8-K is a current report filed by Eaton Vance Municipal Income 2028 Term Trust (the "Trust") on January 4, 2023. The Trust is a closed-end management investment company incorporated in Massachusetts, with common shares of beneficial interest trading on the New York Stock Exchange under the symbol ETX.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes rather than financial performance.
Material Changes
The primary material change reported is the appointment of a new independent Trustee:
- Event: Appointment of Alan C. Bowser as an independent Trustee.
- Effective Date: January 4, 2023.
- Board Determination: The Board determined Mr. Bowser is not an "interested person" under the Investment Company Act of 1940.
Management Commentary and Biographical Details
Management provided the following biographical information regarding the new appointee:
- Name: Alan C. Bowser (Born 1962).
- Position: Class II Trustee.
- Experience: Formerly Chief Diversity Officer, Partner, and member of the Operating Committee at Bridgewater Associates (2011-2023). He also served as Senior Advisor on Diversity and Inclusion, Co-Head of the Americas Region, and Senior Client Advisor.
- Portfolio Oversight: Mr. Bowser oversees 132 portfolios within the fund complex.
- Other Directorships: None held during the last five years.
Key Facts for Investor Verification
- Verify the effective start date of Alan C. Bowser's service on the Board (January 4, 2023).
- Confirm the Trust's status as a closed-end fund trading under symbol ETX.
- Note that this filing contains no financial data or guidance updates.
- Review the Trust's proxy statements for further details on the Board's composition and voting procedures.