Recommendation to Merge Eaton Vance Credit Opportunities Fund Into Eaton Vance Limited Duration Income Fund
19 Junho 2009 - 5:00PM
PR Newswire (US)
BOSTON, June 19 /PRNewswire-FirstCall/ -- At a meeting held June
15, 2009, the Board of Trustees of Eaton Vance Credit Opportunities
Fund (NYSE:EOE) (the "Fund"), a closed-end investment company,
voted to recommend that shareholders approve a merger of the Fund
into Eaton Vance Limited Duration Income Fund (NYSE Amex: EVV), a
closed-end investment company, at a special meeting of shareholders
of the Fund scheduled to take place on Friday, November 13, 2009 at
3:00 P.M. eastern time. If the Fund's shareholders approve the
merger, (a) Limited Duration Income Fund would acquire
substantially all the assets and assume substantially all the
liabilities of the Fund, (b) the Fund's common shares would be
exchanged for common shares of Limited Duration Income Fund, and
(c) the Fund's auction preferred shares would be redeemed for cash
at their liquidation preference amount. Proxy materials containing
information about the meeting and the proposed transaction will be
mailed to the Fund's common shareholders of record as of August 31,
2009. The funds are managed by Eaton Vance Management, a subsidiary
of Eaton Vance Corp. (NYSE:EV), one of the oldest investment
management firms in the United States, with a history dating back
to 1924. Eaton Vance and its affiliates managed $127.2 billion in
assets as of April 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 http://www.eatonvance.com/. DATASOURCE: Eaton Vance
CONTACT: Investors, Eaton Vance, +1-800-262-1122 Web Site:
http://www.eatonvance.com/
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