Eaton Vance Short Duration Diversified Income Fund and Eaton Vance Limited Duration Income Fund Announce Changes to Principal Investment Strategies

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) and Eaton Vance Limited Duration Income Fund (NYSE:EVV) (each a "Fund" and, together, the "Funds") announced that, effective October 17, 2025, each Fund will revise its principal investment strategies to: (i) remove the Fund's 25% minimum investment requirement in each of the Fund's stated investment categories; (ii) remove the Fund's current weighted average credit quality restriction; and, for EVV, (iii) remove the Fund's 10% limitation on credit default swaps.

A discussion of each Fund's investment objectives and policies, as revised, and associated principal risks will be included in each Fund's next annual report to shareholders.

Shares of closed-end funds often trade at a discount from their net asset value. The market price of each Fund's 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 each Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which each Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. The Funds are not a complete investment program and you may lose money investing in the Funds. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully each Fund's investment objective, risks, charges and expenses.

This press release is for informational purposes only and is not intended to, and does not, constitute an offer to purchase or sell shares of the Funds. Additional information about each of the Funds, including performance and portfolio characteristic information, is available at eatonvance.com.

Statements in this press release that are not historical facts are "forward-looking statements," as defined by the U.S. securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements. All forward-looking statements are as of the date of this release only; the Fund undertakes no obligation to update or review any forward-looking statements.

Eaton Vance is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251017730556/en/

Investor Contact: (800) 262-1122