# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001133228-26-004247
**Filing Date:** 2026-3
**Character Count:** 34759
**Document Hash:** d97edd1f5f9961af3451b2062586e32f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-004247.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001133228-26-004247

**CONFORMED SUBMISSION TYPE**: POS EX

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**EFFECTIVENESS DATE**: 20260330

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eaton Vance Municipals Trust
- **CENTRAL INDEX KEY:** 0000778365

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** POS EX
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-292208
- **FILM NUMBER:** 26812437

**BUSINESS ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 617-482-8260

**MAIL ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EATON VANCE MUNICIPALS TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EATON VANCE HIGH YIELD MUNICIPALS TRUST
- **DATE OF NAME CHANGE:** 19910203

As filed with the Securities and Exchange Commission on March 30, 2026

1933 Act File No. 333-292208

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM N-14**

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| | |
|:---|:---|
| **REGISTRATION STATEMENT**<br> **UNDER**<br> **THE SECURITIES ACT of 1933** | **☒** |
| **PRE-EFFECTIVE AMENDMENT NO.** | **☐** |
| **POST-EFFECTIVE AMENDMENT NO. 1** | **☒** |

---

**EATON VANCE MUNICIPALS TRUST**

**(Exact Name of Registrant as Specified in Charter)**

**One Post Office Square, Boston, Massachusetts 02109**

**(Address of Principal Executive Offices)**

**(617) 482-8260**

**(Registrant's Telephone Number)**

**DEIDRE E. WALSH**

**One Post Office Square, Boston, Massachusetts 02109**

**(Name and Address of Agent for Service)**

It is proposed that this filing will become effective immediately, pursuant to Rule 462(d) under the Securities Act of 1993, as amended.

An indefinite amount of the Registrant's securities have been registered under the Securities Act of 1933 pursuant to Rule 24f-2 under the Investment Company Act of 1940. In reliance upon such Rule, no filing fee is paid at this time.

This Post-Effective Amendment No. 1 ("Amendment") to the Registrant's Registration Statement on Form N-14 (File No. 333-292208) (the "Registration Statement") relates solely to the Eaton Vance New York Municipal Income Fund series of the Registrant. Information contained in the Registration Statement relating to any other series of the Registrant is neither amended nor superseded hereby.

**EXPLANATORY NOTE**

The purpose of this Amendment is to file, as an exhibit to the Registration Statement, the opinion of Ropes & Gray LLP supporting the tax matters and consequences to shareholders of the reorganization of Eaton Vance New York Municipal Opportunities Fund, a series of Eaton Vance Investment Trust, with and into Eaton Vance New York Municipal Income Fund, a series of the Registrant, as required by Item 16(12) of Form N-14. Accordingly, this Amendment consists only of a facing page, this explanatory note, and Part C of the Registration Statement setting forth the exhibits to the Registration Statement. The Registrant hereby incorporates by reference the Information Statement/Prospectus and Statement of Additional Information filed as Parts A and B, respectively, to Registrant's [Form N-14 on December 17, 2025 (File No. 333-292208)](https://www.sec.gov/Archives/edgar/data/778365/000113322825013511/evnymif-efp21303_n14.htm) and subsequently filed in definitive form pursuant to [Rule 497 on January 23, 2026 (SEC Accession No. 0001133228-26-000482)](https://www.sec.gov/Archives/edgar/data/778365/000113322826000482/evit-efp22215_497.htm). This Amendment does not modify any other part of the Registration Statement. There have been no changes to the Information Statement/Prospectus or Statement of Additional Information as filed by the Registrant pursuant to Rule 497 on January 23, 2026.

**PART C - OTHER INFORMATION**

**Item 15. Indemnification**

Article IV of the Registrant's Amended and Restated Declaration of Trust permits Trustee and officer indemnification by Amended and Restated By-Law, contract and vote. Article XI of the Amended and Restated By-Laws contains indemnification provisions. Registrant's Trustees and officers are insured under a standard mutual fund errors and omissions insurance policy covering loss incurred by reason of negligent errors and omissions committed in their capacities as such.

The distribution agreement of the Registrant also provides for reciprocal indemnity of the principal underwriter, on the one hand, and the Trustees and officers, on the other.

These Agreements are incorporated herein by reference to Item 16.

**Item 16. Exhibits (with inapplicable items omitted)** 

&nbsp;&nbsp;&nbsp;&nbsp;(1) [Amended and Restated Declaration of Trust of Eaton Vance Municipals Trust dated April 26, 2016 filed as Exhibit (a) to Post-Effective Amendment No. 165 filed November 21, 2016 (Accession No. 0000940394-16-003256) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/778365/000094039416003256/exhibita_ex99za.htm)

(2) [Amended and Restated By-Laws of Eaton Vance Municipals Trust adopted April 23, 2012 filed as Exhibit (b) to Post-Effective Amendment No. 139 filed November 28, 2012 (Accession No. 0000940394-12-001150) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/778365/000094039412001150/exhibitb_ex99zb.htm)

(3) Not applicable.

(4) Agreement and Plan of Reorganization – Form of Agreement and
 Plan of Reorganization by and among Eaton Vance Investment Trust, on behalf of its series, Eaton Vance New York Municipal Opportunities
 Fund and Eaton Vance Municipals Trust, on behalf of its series, Eaton Vance New York Municipal Income Fund, and with respect to Section
 10 only, Boston Management and Research, is attached as Appendix A to the Information Statement/Prospectus contained in this Registration
 Statement.

(5) Reference is made to Item 16(1) and 16(2)
 above.

(6) [Investment Advisory Agreement between Eaton Vance Municipals Trust, on behalf of Eaton Vance New York Municipal Income Fund, and Boston Management and Research dated March 1, 2021 filed as Exhibit (d)(12) to Post-Effective Amendment No. 192 filed November 23, 2021 (Accession No. 0000940394-21-001490) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/778365/000094039421001490/exhibitd12_ex99zd12.htm)

(7) (a) (1) [Amended and Restated Master Distribution Agreement effective as of March 1, 2021 between each Trust identified on Schedule A on behalf of each of its series listed on Schedule A, and Eaton Vance Distributors, Inc. filed as Exhibit (e)(1) to Post-Effective Amendment No. 237 of Eaton Vance Growth Trust (File Nos. 002-22019, 811-01241) filed March 29, 2021 (Accession No. 0000940394-21-000689) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/102816/000094039421000689/exhibite1_ex99ze1.htm)

(2) [Amended Schedule A dated August 18, 2025 to Amended and Restated Master Distribution Agreement effective as of March 1, 2021 filed as Exhibit (e)(1)(b) to Post-Effective Amendment No. 260 of Eaton Vance Growth Trust (File Nos. 002-22019, 811-01241) filed October 30, 2025 (Accession No. 0001133228-25-011540) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/102816/000113322825011540/evgt-efp18596_ex99ze1b.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [Selling Group Agreement between Eaton Vance Distributors, Inc. and Authorized Dealers filed as Exhibit (e)(2) to the Post-Effective Amendment No. 85 of Eaton Vance Special Investment Trust (File Nos. 002-27962, 811-01545) filed April 26, 2007 (Accession No. 0000940394-07-000430) and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/31266/000094039407000430/exhibite2.htm)

(8) The Securities and Exchange Commission has granted the Registrant an
 exemptive order that permits the Registrant to enter into deferred compensation arrangements with its independent Trustees. See in
 the Matter of Capital Exchange Fund, Inc., Release No. IC-20671 (November 1, 1994).

(9) (a) (1) [Amended and Restated Master Custodian Agreement between Eaton Vance Funds and State Street Bank & Trust Company dated September 1, 2013 filed as Exhibit (g)(1) to Post-Effective Amendment No. 211 of Eaton Vance Mutual Funds Trust (File Nos. 002-90946, 811-04015) filed September 24, 2013 (Accession No. 0000940394-13-001073) and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/745463/000094039413001073/exhibitg1_ex99zg1.htm)

(2) [Amendment dated August 13, 2020 and effective May 29, 2020 to Amended and Restated Master Custodian Agreement between Eaton Vance Funds and State Street Bank & Trust Company dated September 1, 2013 filed as Exhibit (g)(1)(b) to Post-Effective Amendment No. 79 of Eaton Vance Investment Trust (File Nos. 033-01121, 811-04443) filed September 24, 2020 (Accession No. 0000940394-20-001312) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/779991/000094039420001312/exhibitg1b_ex-99zg1b.htm)

(3) [First Amendment effective October 20, 2023 to the Amended and Restated Master Custodian Agreement dated as of September 1, 2013 between State Street Bank and Trust Company and the Eaton Vance Funds filed as Exhibit (g)(1)(c) to Post-Effective Amendment No. 20 of Eaton Vance Series Fund, Inc. (File Nos. 333-182175, 811-22714) filed November 27, 2023 (Accession No. 0000940394-23-001152) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1552324/000094039423001152/exhibitg1c_ex99zg1c.htm)

(10) (a) (1) [Master Distribution Plan for Class A and Advisers Class Shares adopted April 29, 2022 on behalf of each Trust and their respective series listed on Schedule A filed as Exhibit (m)(1) to Post-Effective Amendment No. 203 of Eaton Vance Special Investment Trust (File Nos. 002-27962, 811-01545) filed April 28, 2022 (Accession No. 0000940394-22-000786) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/31266/000094039422000786/exhibithm1_ex99zm1.htm)

(2) [Amended Schedule A dated August 18, 2025 to Master Distribution Plan for Class A and Advisers Class Shares adopted April 29, 2022 filed as Exhibit (e)(1)(b) to Post-Effective Amendment No. 260 of Eaton Vance Growth Trust (File Nos. 002-22019, 811-01241) filed October 30, 2025 (Accession No. 0001133228-25-011540) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/102816/000113322825011540/evgt-efp18596_ex99ze1b.htm)

(b) (1) [Master Distribution Plan for Class C shares adopted May 1, 2013 on behalf of each Trust and their respective series listed on Schedule A filed as Exhibit (m)(3) to Post-Effective Amendment No. 41 of Eaton Vance Municipals Trust II (File Nos. 033-71320, 811-08134) filed May 30, 2013 (Accession No. 0000940394-13-000754) and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/914529/000094039413000754/exhibitm3_ex99zm3.htm)

(2) [Amended Schedule A dated August 18, 2025 to Master Distribution Plan for Class C shares adopted May 1, 2013 filed as Exhibit (e)(1)(b) to Post-Effective Amendment No. 260 of Eaton Vance Growth Trust (File Nos. 002-22019, 811-01241) filed October 30, 2025 (Accession No. 0001133228-25-011540) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/102816/000113322825011540/evgt-efp18596_ex99ze1b.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (1) [Second Amended and Restated Multiple Class Plan for Eaton Vance Funds dated August 1, 2023 filed as Exhibit (d)(3) under Form N-2 Pre-Effective Amendment No. 2 of Eaton Vance Floating-Rate Opportunities Fund (File Nos. 333-270521, 811-23855) filed August 31, 2023 (Accession No. 0001193125-23-226296) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1969229/000119312523226296/d541928dex99d3.htm)

(2) [Amended Schedule A dated August 18, 2025 to Second Amended and Restated Multiple Class Plan for Eaton Vance Funds dated August 1, 2023 filed as Exhibit (n)(1)(b) to Post-Effective Amendment No. 260 of Eaton Vance Growth Trust (File Nos. 002-220190, 811-01241) filed October 30, 2025 (Accession No. 0001133228-25-011540) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/102816/000113322825011540/evgt-efp18596_ex99zn1b.htm)

(11) [Consent of Internal Counsel dated December 17, 2025, filed as Exhibit (11) to the Registrant's Registration Statement on Form N-14 (File No. 333-292208) on December 17, 2025 (SEC Accession 0001133228-25-013511) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/778365/000113322825013511/evnymif-efp21303_ex9911.htm)

(12) [Opinion of Ropes & Gray LLP with respect to tax matters, dated March 20, 2026, filed herewith.](evmt-efp23614_ex9912.htm)

(13) (a) (1) [Amended and Restated Services Agreement with State Street Bank & Trust Company dated September 1, 2010 filed as Exhibit (g)(2) to Post-Effective Amendment No. 108 of Eaton Vance Special Investment Trust (File Nos. 002-27962, 811-01545) filed September 27, 2010 (Accession No. 0000940394-10-001000) and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/31266/000094039410001000/exhibitg2.htm)

(2) [Amendment Number 1 dated May 16, 2012 to Amended and Restated Services Agreement with State Street Bank & Trust Company dated September 1, 2010 filed as Exhibit (g)(3) to Post-Effective Amendment No. 39 of Eaton Vance Municipals Trust II (File Nos. 033-71320, 811-08134) filed May 29, 2012 (Accession No. 0000940394-12-000641) and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/914529/000094039412000641/exhibitg3_ex99zg3.htm)

(3) [Amendment dated September 1, 2013 to Amended and Restated Services Agreement with State Street Bank & Trust Company dated September 1, 2010 filed as Exhibit (g)(4) to Post-Effective Amendment No. 211 of Eaton Vance Mutual Funds Trust (File Nos. 002-90946, 811-04015) filed September 24, 2013 (Accession No. 0000940394-13-001073) and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/745463/000094039413001073/exhibitg4_ex99zg4.htm)

(4) [Amendment dated July 18, 2018 and effective June 29, 2018 to Amended and Restated Services Agreement with State Street Bank & Trust Company dated September 1, 2010 filed as Exhibit (g)(5) to Post-Effective Amendment No. 212 of Eaton Vance Growth Trust (File Nos. 002-22019, 811-01241) filed July 31, 2018 (Accession No. 0000940394-18-001408) and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/102816/000094039418001408/exhibitg5_ex-99zg5.htm)

(5) [Amendment dated August 13, 2020 and effective May 29, 2020 to Amended and Restated Services Agreement with State Street Bank & Trust Company dated September 1, 2010 filed as Exhibit (h)(1)(e) to Post-Effective Amendment No. 79 of Eaton Vance Investment Trust (File Nos. 033-01121, 811-04443) filed September 24, 2020 (Accession No. 0000940394-20-001312) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/779991/000094039420001312/exhibith1e_ex-99zh1e.htm)

(b) (1) [Administrative Services Agreement between Eaton Vance Municipals Trust (on behalf of each of its series listed on Appendix A) and Eaton Vance Management dated March 1, 2021 filed as Exhibit (h)(2) to Post-Effective Amendment No. 192 filed November 23, 2021 (Accession No. 0000940394-21-001490) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/778365/000094039421001490/exhibith2_ex99zh2.htm)

(c) (1) [Transfer Agency and Shareholder Services Agreement effective September 1, 2016 between BNY Mellon Investment Servicing (US) Inc. and the Funds filed as Exhibit (h)(2) to Post-Effective Amendment No. 165 of Eaton Vance Special Investment Trust (File Nos. 002-27962, 811-01545) filed September 26, 2016 (Accession No. 0000940394-16-003071) and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/31266/000094039416003071/exhibith2_ex99zh2.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Amendment dated September 13, 2023 to Transfer Agency and Shareholder Services Agreement effective September 1, 2016 between BNY Mellon Investment Servicing (US) Inc. and the Funds filed as Exhibit (k)(1)(b) under Form N-2 Post-Effective Amendment No. 1 of Eaton Vance Floating-Rate Opportunities Fund (File Nos. 333-270521, 811-23855) filed September 27, 2024 (Accession No. 0001193125-24-227670) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1969229/000119312524227670/d836953dex99k1b.htm)

(3) [Amendment dated June 20, 2024 to Transfer Agency and Shareholder Services Agreement effective September 1, 2016 between BNY Mellon Investment Servicing (US) Inc. and the Funds filed as Exhibit (h)(3)(c) to Post-Effective Amendment No. 127 of Eaton Vance Series Trust II (File Nos. 002-42722, 811-02258) filed October 24, 2024 (Accession No. 0000940394-24-001024) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/74663/000094039424001024/exhibith3c_ex99zh3c.htm)

(4) [Amended Schedule B dated September 27, 2024 to Transfer Agency and Shareholder Services Agreement effective September 1, 2016 filed as Exhibit (k)(1)(c) under Form N-2 Post-Effective Amendment No. 1 of Eaton Vance Floating-Rate Opportunities Fund (File Nos. 333-270521, 811-23855) filed September 27, 2024 (Accession No. 0001193125-24-227670) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1969229/000119312524227670/d836953dex99k1c.htm)

(d) (1) [Amended and Restated Sub-Transfer Agency Support Services Agreement dated September 1, 2017 between Eaton Vance Management and the Trusts listed on Appendix A filed as Exhibit (h)(2) to Post-Effective Amendment No. 107 of Eaton Vance Series Trust II (File Nos. 002-42722, 811-02258) filed October 26, 2017 (Accession No. 0000940394-17-002088) and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/74663/000094039417002088/exhibith2_ex99zh2.htm)

(2) [Amendment dated September 13, 2023 to Amended and Restated Sub-Transfer Agency Support Services Agreement dated September 1, 2017 between Eaton Vance Management and the Trusts listed on Appendix A filed as Exhibit (k)(2)(b) under Form N-2 Post-Effective Amendment No. 1 of Eaton Vance Floating-Rate Opportunities Fund (File Nos. 333-270521, 811-23855) filed September 27, 2024 (Accession No. 0001193125-24-227670) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1969229/000119312524227670/d836953dex99k2b.htm)

(e) (1) [Expense Waivers/Reimbursements Agreement dated July 31, 2016 as amended and effective August 1, 2023 between Eaton Vance Management and each of the entities (on behalf of certain of their series) listed on Schedule A filed as Exhibit (h)(5)(a) to Post-Effective Amendment No. 252 of Eaton Vance Growth Trust (File Nos. 002-22019, 811-01241) filed December 21, 2023 (Accession No. 0000940394-23-001228) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/102816/000094039423001228/exhibith5a_ex99h5a.htm)

(2) [Amended Schedule A dated December 1, 2025 to the Expense Waivers/Reimbursements Agreement dated July 31, 2016 as amended and effective August 1, 2023 filed as Exhibit (h)(5)(b) to Post-Effective Amendment No. 204 of Eaton Vance Municipals Trust (File Nos. 033-00572, 811-04409) filed on November 25, 2025 (Accession No. 0001133228-25-012758) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/778365/000113322825012758/evmt-efp19175_ex99h5b.htm)

(f) [Expense Reimbursement Agreement for Cash Sweep dated April 26, 2022 between Eaton Vance Management and each of the entities listed on Schedule A filed as Exhibit (h)(7) to Post-Effective Amendment No. 349 of Eaton Vance Mutual Funds Trust (File Nos. 002-90946, 811-04015) filed January 27, 2023 (Accession No. 0000940394-23-000092) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/745463/000094039423000092/exhibith7_ex99zh7.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Expense Reimbursement Agreement between Eaton Vance Management and Eaton Vance Municipals Trust on behalf of Eaton Vance New York Municipal Income Fund – to be filed by amendment.

(14) (a) [Consent of Independent Registered Public Accounting Firm dated December 16, 2025 with respect to Eaton Vance New York Municipal Opportunities Fund, filed as Exhibit (14)(a) to the Registrant's Registration Statement on Form N-14 (File No. 333-292208) on December 17, 2025 (Accession No. 0001133228-25-013511) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/778365/000113322825013511/evnymif-efp21303_ex9914a.htm)

(b) [Consent of Independent Registered Public Accounting Firm dated December 16, 2025 with respect to Eaton Vance New York Municipal Income Fund, filed as Exhibit (14)(b) to the Registrant's Registration Statement on Form N-14 (File No. 333-292208) on December 17, 2025 (Accession No. 0001133228-25-013511) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/778365/000113322825013511/evnymif-efp21303_ex9914b.htm)

(15) Not applicable.

(16) [Power of Attorney for Registrant's Trustees dated October 15, 2025 filed November 25, 2025 (Accession No. 0001133228-25-012758) and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/778365/000113322825012758/evmt-efp19175_ex99q1.htm)

(17) None.

**Item 17. Undertakings**

&nbsp;&nbsp;&nbsp;&nbsp;1. The undersigned Registrant agrees that prior to any public
 reoffering of the securities registered through the use of a prospectus which is a part of this registration statement by any person
 or party who is deemed to be an underwriter within the meaning of Rule 145(c) under the Securities Act of 1933, the reoffering prospectus
 will contain the information called for by the applicable registration form for reofferings by persons who may be deemed underwriters,
 in addition to the information called for by the other items of the applicable form.

&nbsp;&nbsp;&nbsp;&nbsp;2. The undersigned Registrant agrees that every prospectus
 that is filed under paragraph (1) above will be filed as a part of an amendment to the registration statement and will not be
 used until the amendment is effective, and that, in determining any liability under the Securities Act of 1933, each post-effective
 amendment shall be deemed to be a new registration statement for the securities offered therein, and the offering of the securities
 at that time shall be deemed to be the initial bona fide offering of them.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Boston, and the Commonwealth of Massachusetts, on March 30, 2026.

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| | |
|:---|:---|
| EATON VANCE MUNICIPALS TRUST | EATON VANCE MUNICIPALS TRUST |
| By: | Kenneth A. Topping\* |
|  | Kenneth A. Topping, President |

---

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities indicated on March 30, 2026.

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| | | | |
|:---|:---|:---|:---|
| **Signature** | **Title** | **Title** | **Title** |
| Kenneth A. Topping\* | President (Chief Executive Officer) | President (Chief Executive Officer) | President (Chief Executive Officer) |
| Kenneth A. Topping | | | |
| James F. Kirchner\* | Treasurer (Principal Financial and Accounting Officer) | Treasurer (Principal Financial and Accounting Officer) | Treasurer (Principal Financial and Accounting Officer) |
| James F. Kirchner | | | |
| **Signature** | **Title** | **Signature** | **Title** |
| Alan C. Bowser \* | Trustee | Marcus L. Smith\* | Trustee |
| Alan C. Bowser |  | Marcus L. Smith |  |
| Cynthia E. Frost\* | Trustee | Nancy Wiser Stefani\* | Trustee |
| Cynthia E. Frost |  | Nancy Wiser Stefani |  |
| George J. Gorman\* | Trustee | Susan J. Sutherland\* | Trustee |
| George J. Gorman |  | Susan J. Sutherland |  |
| Valerie A. Mosley\* | Trustee | Scott E. Wennerholm\* | Trustee |
| Valerie A. Mosley |  | Scott E. Wennerholm |  |
| Keith Quinton\* | Trustee |  |  |
| Keith Quinton |  |  |  |

---

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| | |
|:---|:---|
| \*By: | /s/ Deidre E. Walsh |
|  | Deidre E. Walsh<br> *(As attorney-in-fact)* |

---

**EXHIBIT INDEX**

The following exhibits are filed as part of this Post-Effective Amendment to the Registration Statement pursuant to Rule 483 of Regulation C.

Exhibit No. Description <br> (12) [Opinion of Ropes & Gray LLP with respect to tax matters, dated March 20, 2026](evmt-efp23614_ex9912.htm)

## Exhibit 99.12

**Exhibit (12)**

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| | |
|:---|:---|
| ![](img001.jpg) | ROPES & GRAY LLP<br> 1211 AVENUE OF THE AMERICAS<br> NEW YORK, NY 10036-8704<br> WWW.ROPESGRAY.COM |

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March 20, 2026

Eaton Vance New York Municipal Opportunities Fund

Eaton Vance Investment Trust

One Post Office Square

Boston, MA 02109

Eaton Vance New York Municipal Income Fund

Eaton Vance Municipals Trust

One Post Office Square

Boston, MA 02109

Ladies and Gentlemen:

We have acted as counsel in connection with the Agreement and Plan of Reorganization (the "<u>Agreement</u>"), dated February 3, 2026, by and between Eaton Vance Investment Trust, a Massachusetts business trust, ("<u>EVIT</u>") on behalf of its series Eaton Vance New York Municipal Opportunities Fund (the "<u>Target Fund"</u>), Eaton Vance Municipals Trust, a Massachusetts business trust, ("<u>EVMT</u>") on behalf of its series Eaton Vance New York Municipal Income Fund (the "<u>Acquiring Fund,</u>" and together with the Target Fund, the "<u>Funds</u>," and each a "<u>Fund</u>"), and solely for purposes of Section 10 thereto, Boston Management and Research. The Agreement describes a proposed transaction to occur on the date of this letter, pursuant to which the Acquiring Fund will acquire all of the assets of the Target Fund in exchange for shares of beneficial interest in the Acquiring Fund ("<u>Merger Shares</u>") and the assumption by the Acquiring Fund of all of the liabilities of the Target Fund, following which such Merger Shares received by the Target Fund will be distributed by the Target Fund to its shareholders in liquidation and termination of the Target Fund (the "<u>Reorganization</u>"). This opinion as to certain U.S. federal income tax consequences of the Reorganization is furnished to you pursuant to Section 7.3 of the Agreement. Capitalized terms not defined herein are used herein as defined in the Agreement.

The Target Fund is a series of EVIT, which is registered under the Investment Company Act of 1940, as amended, (the "<u>1940 Act</u>") as an open-end management investment company. Shares of the Target Fund are redeemable at net asset value at each shareholder's option. The Target Fund has elected to be a regulated investment company for U.S. federal income tax purposes under Section 851 of the Internal Revenue Code of 1986, as amended (the "<u>Code</u>").

The Acquiring Fund is a series of EVMT, which is registered under the 1940 Act as an open-end management investment company. Shares of the Acquiring Fund are redeemable at net asset value at each shareholder's option. The Acquiring Fund has elected to be a regulated investment company for U.S. federal income tax purposes under Section 851 of the Code.

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| ![](img002.jpg) | March 20, 2026 |

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For purposes of this opinion, we have considered the Agreement, the combined Information Statement/Prospectus dated January 23, 2026, and such other items as we have deemed necessary to render this opinion. In addition, each Fund has provided us with a letter dated as of the date hereof (collectively, the "<u>Representation Letters</u>"), representing as to certain facts, occurrences and information upon which such Fund has indicated that we may rely in rendering this opinion (whether or not contained or reflected in the documents and items referred to above).

In reviewing the foregoing materials, we have assumed, with your permission, the authenticity of original documents, the accuracy of copies, the genuineness of signatures, the legal capacity of signatories, and the proper execution of documents. We have further assumed that (i) all parties to the Agreement and any other documents examined by us have acted, and will act, in accordance with the terms of the Agreement and documents, and that the Reorganization will be consummated pursuant to the terms and conditions set forth in the Agreement without the waiver or modification of any such terms and conditions; (ii) all representations contained in the Agreement, as well as those representations contained in the Representation Letters, are true and complete; and (iii) any representation made in any of the documents referred to herein "to the best of the knowledge" of any person or party is true without regard to such qualification.

Based on and subject to the foregoing and subject to the final paragraph hereof, we are of the opinion that, for U.S. federal income tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Reorganization will constitute a "reorganization" within the meaning of Section 368(a)(1) of the Code, and the Target Fund and the Acquiring Fund will each be "a party to a reorganization" within the meaning of Section 368(b) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Under Section 1032 of the Code, the Acquiring Fund will not recognize gain or loss upon the receipt of assets of the Target Fund in exchange for Merger Shares and the assumption by the Acquiring Fund of all of the liabilities of the Target Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Under Section 362(b) of the Code, the Acquiring Fund's tax basis in the assets of the Target Fund transferred to the Acquiring Fund in the Reorganization will be the same as the Target Fund's tax basis in such assets immediately prior to the Reorganization, increased by any gain or decreased by any loss required to be recognized as described in (v) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Under Section 1223(2) of the Code, the Acquiring Fund's holding period in each asset received from the Target Fund in the Reorganization, other than any asset with respect to which gain or loss is required to be recognized as described in (v) below, will include the period during which such asset was held or treated for U.S. federal income tax purposes as being held by the Target Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Under Sections 361 and 357 of the Code, the Target Fund will not recognize gain or loss upon the transfer of all of its assets to the Acquiring Fund in exchange for the Merger Shares and the assumption by the Acquiring Fund of all of the liabilities of the Target Fund, or upon the distribution of the Merger Shares by the Target Fund to its shareholders in liquidation

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| ![](img002.jpg) | March 20, 2026 |

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thereof, except for (A) any gain or loss recognized on (1) "Section 1256 contracts" as defined in Section 1256(b) of the Code or (2) stock in a "passive foreign investment company" as defined in Section 1297(a) of the Code, and (B) any other gain or loss required to be recognized by reason of the Reorganization (1) as a result of the closing of the tax year of the Target Fund, (2) upon the termination of a position or (3) upon the transfer of such asset regardless of whether such a transfer would otherwise be a nontaxable transaction under the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Under Section 354 of the Code, the shareholders of the Target Fund will not recognize gain or loss upon the exchange of their Target Fund shares for the Merger Shares in the Reorganization (including any fractional shares to which they may be entitled).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Under Section 358 of the Code, the aggregate tax basis of the Merger Shares that a Target Fund shareholder receives in the Reorganization (including any fractional shares to which they may be entitled) will be the same as the aggregate tax basis of Target Fund shares exchanged therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Under Section 1223(1) of the Code, a Target Fund shareholder's holding period for the Merger Shares received (including any fractional shares to which they may be entitled) in the Reorganization will include the shareholder's holding period for Target Fund shares exchanged therefor, provided the shareholder held such Target Fund shares as capital assets on the date of the exchange.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) The Acquiring Fund will succeed to and take into account the items of the Target Fund described in Section 381(c) of the Code, subject to the conditions and limitations specified in Sections 381, 382, 383 and 384 of the Code and the U.S. Treasury Regulations thereunder.

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| ![](img002.jpg) | March 20, 2026 |

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No ruling has been or will be obtained from the U.S. Internal Revenue Service (the "<u>IRS</u>") as to the subject matter of this opinion and there can be no assurance the IRS or a court of law will concur with the opinion set forth above. Our opinion is based on the Code, U.S. Treasury Regulations, IRS rulings, judicial decisions, and other applicable authority, all as in effect on the date of this opinion. The legal authorities on which this opinion is based may be changed at any time. Any such changes may be retroactively applied and could modify the opinions expressed above. We undertake no obligation to update or supplement this opinion to reflect any such changes that may occur.

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| Very truly yours,<br>/s/ Ropes & Gray LLP |
| Ropes & Gray LLP |

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