BOSTON, Nov. 27, 2012 /PRNewswire/ -- Effective December 6, 2012, Eric A. Stein will join the portfolio management team of Eaton Vance Limited Duration Income Fund (NYSE MKT: EVV) and Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG). Mr. Stein is a Vice President of Eaton Vance Management, the investment adviser to each Fund, and also co-manages other Eaton Vance portfolios. Mr. Stein is replacing Mark S. Venezia, who plans to retire from Eaton Vance on or about year end.
EVM is a subsidiary of Eaton Vance Corp. (NYSE: EV), one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $199.5 billion in assets as of October 31, 2012, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation 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.
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 a Fund's investment objective, risks, charges and expenses.
SOURCE Eaton Vance Management