BOSTON, Oct. 9, 2019 /PRNewswire/ -- Eaton Vance Limited
Duration Income Fund (NYSE American: EVV) (the "Fund") announced
today that it is raising its regular monthly distribution from
$0.07 per common share to
$0.10 per common share, an increase
of 42.9%. The increase will commence with the October distribution.
By raising the Fund's regular monthly distribution, the Board of
Trustees seeks to enhance long-term shareholder value. Additional
information about the distribution appears in the table below.
Distribution
Amount
per Share
|
Change
from
September
Distribution
|
Closing
Market
Price
9-30-19
|
Distribution Rate
at
Market Price
|
$0.10
|
+$0.03
|
$12.50
|
9.6%
|
There is no change to the ex-date (10/10/2019), record date
(10/11/19) or payment date (10/18/2019) for the October
distribution as a result of the increased distribution amount.
The Fund's distributions may include amounts from sources other
than net investment income. When that is the case, you will be
notified. The final determination of the tax characteristics of
Fund distributions will occur after the end of the year, at which
time that determination will be reported to shareholders. The
Fund's distributions in any period may be more or less than the net
return earned by the Fund on its investments, and therefore should
not be used as a measure of performance or confused with "yield" or
"income." Distributions in excess of Fund returns may include a
return of capital which, over time, will cause the Fund's net
assets and net asset value per share to erode. Investors should not
draw any conclusions about the Fund's investment performance from
the amount of its distributions.
The Distribution Rate at Market Price shown above is based on
the regular monthly distribution per share stated above
(annualized) divided by the Fund's market price per share as of the
date indicated. Fund distributions may be affected by numerous
factors, including changes in Fund performance, the cost of
leverage, portfolio holdings, realized and projected returns, and
other factors. There can be no assurance that future Board action,
an unanticipated change in market conditions or other unforeseen
factors will not result in a change in the Fund's distributions at
a future time.
The Fund's investment adviser is Eaton Vance Management, a
subsidiary of Eaton Vance Corp. Eaton Vance Corp. (NYSE: EV)
provides advanced investment strategies and wealth management
solutions to forward-thinking investors around the world. Through
principal investment affiliates Eaton Vance Management, Parametric,
Atlanta Capital, Hexavest and Calvert, the Company offers a
diversity of investment approaches, encompassing bottom-up and
top-down fundamental active management, responsible investing,
systematic investing and customized implementation of
client-specified portfolio exposures. As of July 31, 2019, Eaton Vance had consolidated
assets under management of $482.8
billion. For more information, visit eatonvance.com.
Shares of closed-end funds often trade at a discount from their
net asset value. The market price of Fund shares may vary from net
asset value based on factors affecting the supply and demand for
shares, such as Fund distribution rates relative to similar
investments, investors' expectations for future distribution
changes, the clarity of the Fund's investment strategy and future
return expectations, and investors' confidence in the underlying
markets in which the Fund invests. Fund shares are subject to
investment risk, including possible loss of principal invested. No
Fund is a complete investment program and you may lose money
investing in a Fund. An investment in a Fund may not be appropriate
for all investors. Before investing, prospective investors should
consider carefully the Fund's investment objective, risks, charges
and expenses.
This press release is for informational purposes only and is
not intended to, and does not, constitute an offer to purchase or
sell shares of the Fund. Additional information about the Fund,
including performance and portfolio characteristic information, is
available at www.eatonvance.com.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the U.S.
securities laws. You should exercise caution in interpreting and
relying on forward-looking statements because they are subject to
uncertainties and other factors which are, in some cases, beyond
the Fund's control and could cause actual results to differ
materially from those set forth in the forward-looking
statements.
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SOURCE Eaton Vance Management