Eaton Vance Limited Duration Income Fund Declares Increase in Monthly Distribution

• Press Release
• Source: Eaton Vance Management
• On 4:02 pm EST, Monday November 2, 2009

BOSTON, Nov. 2 /PRNewswire-FirstCall/ -- Eaton Vance Limited Duration Income Fund (NYSE Amex: EVV), a closed-end management investment company, today declared a monthly distribution of $0.1158 per common share. As portfolio and market conditions change, the rate of future distributions may change. The distribution is expected to be paid on November 19, 2009, to shareholders of record on November 12, 2009. The ex-dividend date is November 9, 2009. The November distribution is an increase of $0.0075 per share, or 6.9%, from the October 2009 monthly distribution rate. The last change in the Fund's monthly distribution was in November 2008.

The increased monthly distribution reflects a rise in the Fund's net earnings rate. This is primarily due to a decrease in the Fund's cost of leverage coupled with an increased allocation to high yield corporates.

At this time the Fund believes that a portion of the November 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 - News), 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 $157.0 billion in assets as of September 30, 2009, offering individuals and institutions a broad array of investment products 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.

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