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Eaton Vance Limited Duration Income Fund Declares Decrease In Monthly Distribution

BOSTON, Jan. 2, 2013 /PRNewswire/ -- Eaton Vance Limited Duration Income Fund (NYSE MKT: EVV), a closed-end management investment company, today declared a monthly distribution of $0.1017 per common share, a decrease of approximately 2.4% from the prior month's distribution.  The Fund's net investment income earning rate has been declining due to falling yields across the key asset classes in which the Fund invests.  Although the Fund's net asset value benefitted from rising prices in its key asset classes, this came at the expense of lower yielding reinvestment opportunities.  As portfolio and market conditions change, the rate of future distributions may change.  The distribution is expected to be paid on January 21, 2013, to shareholders of record on January 14, 2013.  The ex-dividend date is January 10, 2013. 

A Fund's distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance and other factors. There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in a Fund's distribution rate at a future time.

At this time the Fund believes that a portion of the January 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://funds.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 $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 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 the Fund's investment objective, risks, charges and expenses.

SOURCE Eaton Vance Management

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