BOSTON, June 16 /PRNewswire-FirstCall/ -- Eaton Vance Insured Municipal Bond Fund (NYSE Amex: EIM) (the 'Fund'), a closed-end management investment company, today announced the earnings of the Fund for the three and six months ended March 31, 2009. The Fund's fiscal year ends on September 30, 2009.

For the three months ended March 31, 2009, the Fund had net investment income of $14,880,688 ($0.220 per common share). For the six months ended March 31, 2009, the Fund had net investment income of $26,966,857 ($0.405 per common share). In comparison, for the three months ended March 31, 2008, the Fund had net investment income of $16,462,375 ($0.254 per common share). From this amount, the Fund paid dividends on preferred shares of $4,976,344 (equal to $0.077 for each common share), resulting in net investment income after the preferred dividends of $11,486,031, or $0.177 per common share. For the six months ended March 31, 2008, the Fund had net investment income of $32,983,895 ($0.509 per common share). From this amount, the Fund paid dividends on preferred shares of $7,823,568 (equal to $0.121 for each common share), resulting in net investment income after the preferred dividends of $25,160,327, or $0.388 per common share.

Net realized and unrealized gains for the three months ended March 31, 2009 were $83,942,242 ($1.125 per common share). Net realized and unrealized losses for the six months ended March 31, 2009 were $39,417,529 ($0.735 per common share). In comparison, net realized and unrealized losses for the three months ended March 31, 2008 were $93,927,288 ($1.453 per common share). Net realized and unrealized losses for the six months ended March 31, 2008 were $123,139,895 ($1.904 per common share).

On March 31, 2009, net assets of the Fund applicable to common shares were $702,241,625.