Eaton Vance Closed-End Enhanced Equity Income Funds Declare and Announce Changes in Monthly Distributions

BOSTON, Jan. 15 /PRNewswire-FirstCall/ -- Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of two of its closed-end equity funds (the "Funds"). The record date for the distributions is January 22, 2010, and the payable date is January 29, 2010. The ex-date is January 20, 2010.  The distribution per share for each Fund is as follows:

Each Fund's portfolio management team reviews the level and sustainability of the Fund's distributions periodically.  The team considered a number of factors before deciding to decrease each Fund's distribution at this time, including the current market and volatility outlooks, level of assets in each respective Fund, and the dividend yield of the underlying equity portfolios.  As portfolio and market conditions change, the rate of distributions on the Funds' shares could be further changed.

At this time the Funds believe 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://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 Funds are 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 $163.1 billion in assets as of December 31, 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.

SOURCE Eaton Vance Management

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