Eaton Vance Short Duration Diversified Income Fund Declares Early Monthly Distribution and Special Distribution

Dec 22, 2010, 18:06 ET from Eaton Vance Management

BOSTON, Dec. 22, 2010 /PRNewswire-FirstCall/ --  Eaton Vance Management, the Boston-based investment adviser, announced the monthly distribution declared on the common shares of one of its closed-end fixed-income funds (the "Funds"). The record date for the distribution is December 31, 2010, and the payable date is January 12, 2011. The ex-date is December 29, 2010.  The declaration, record and payment dates of the regular January distribution have been accelerated to allow the Fund to meet its 2010 distribution requirements for federal excise tax purposes.  The Fund expects to declare its next regular monthly distribution in the middle of February for payment at the end of February. The distribution per share for the Fund is as follows:



Regular

Special

Total


Distribution

Distribution

Distribution

Fund

Per Share

Per Share

Per Share

Eaton Vance Short Duration Diversified Income Fund  (NYSE: EVG)                    

$0.09

$0.08

$0.17

The Fund's special distribution is being paid as a result of tax accounting for foreign currency transactions and to enable the Fund to meet its 2010 distribution requirement for federal excise tax purposes.

At this time the Fund believes that a portion of the January distributions 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 each Fund's distribution 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 $185.2 billion in assets as of October 31, 2010, 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



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