BOSTON, April 1, 2011 /PRNewswire/ -- Eaton Vance Limited Duration Income Fund (NYSE Amex: EVV), a closed-end management investment company, today declared a monthly distribution of $0.1042 per common share, a decrease of approximately 10% from the prior month's distribution. The Fund's net investment income earning rate has declined recently as the Fund's use of leverage and allocations to higher current yield securities were reduced. As portfolio and market conditions change, the rate of future distributions may change. The distribution is expected to be paid on April 18, 2011, to shareholders of record on April 11, 2011. The ex-dividend date is April 7, 2011.
At this time the Fund believes that a portion of the April distribution may be comprised of amounts from sources other than net investment income. If that is the case, you will be notified in writing. Further information will be available prior to the payment date at http://individuals.eatonvance.com. The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.
The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $191.7 billion in assets as of January 31, 2011, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service 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.
SOURCE Eaton Vance Management