Eaton Vance Limited Duration Income Fund (NYSE American: EVV) (the "Fund") announced today that at its Annual Meeting of Shareholders held on January 16, 2020, shareholders voted to re-elect the four current Trustees considered for election at the meeting. Shareholders also voted to approve a non-binding shareholder proposal that the Fund's Board of Trustees (the "Board") take the necessary steps to declassify the Board so that all Trustees of the Fund are elected on an annual basis. The Board will take the declassification proposal into consideration. The vote tabulations, as certified by AST Fund Solutions, LLC, the proxy tabulator, will be published in the Fund's next report to shareholders.
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 Fund's distributions may include amounts from sources other than net investment income. 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.
Moody's Investors Service ("Moody's") has placed on review for downgrade the Aa3 ratings assigned to preferred shares issued by the following 12 closed-end funds: Eaton Vance Floating-Rate Income Plus Fund (EFF), Eaton Vance Floating-Rate Income Trust (EFT), Eaton Vance Senior Floating-Rate Trust (EFR), Eaton Vance Senior Income Trust (EVF), Eaton Vance Limited Duration Income Fund (EVV), FS Global Credit Opportunities Fund (FSGCO; unlisted), Invesco Senior Income Trust (VVR), Invesco Dynamic Credit Opportunities Fund (VTA), Nuveen Short Duration Credit Opportunities Fund (JSD), Nuveen Floating Rate Income Opportunity Fund (JRO), Nuveen Senior Income Fund (NSL) and Nuveen Floating Rate Income Fund (JFR). Today's rating actions reflect the severe and extensive credit and market shocks the coronavirus pandemic and falling oil prices have had on the bank loan market.
The following Eaton Vance closed-end funds (the "Funds") announced distributions today as detailed below.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Eaton Vance Limited Duration Income Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The following Eaton Vance closed-end funds (the "Funds") announced distributions today as detailed below.
Eaton Vance Corp. (NYSE: EV) today reported that Payson F. Swaffield, CFA, Vice President and Chief Income Investment Officer (CIIO) of Eaton Vance Management (EVM), has announced his intention to retire at the Company's fiscal year-end on October 31, 2020. A search for Mr. Swaffield's successor is now underway, with both internal and external candidates being considered.
Moody's Investors Service ("Moody's") has placed on review for downgrade the Aa3 ratings assigned to preferred shares issued by the following 12 closed-end funds: Eaton Vance Floating-Rate Income Plus Fund (EFF), Eaton Vance Floating-Rate Income Trust (EFT), Eaton Vance Senior Floating-Rate Trust (EFR), Eaton Vance Senior Income Trust (EVF), Eaton Vance Limited Duration Income Fund (EVV), FS Global Credit Opportunities Fund (FSGCO; unlisted), Invesco Senior Income Trust (VVR), Invesco Dynamic Credit Opportunities Fund (VTA), Nuveen Short Duration Credit Opportunities Fund (JSD), Nuveen Floating Rate Income Opportunity Fund (JRO), Nuveen Senior Income Fund (NSL) and Nuveen Floating Rate Income Fund (JFR). Today's rating actions reflect the severe and extensive credit and market shocks the coronavirus pandemic and falling oil prices have had on the bank loan market.