Eaton Vance Closed-End Equity Funds Declare Monthly Distributions

BOSTON, Dec. 14, 2010 /PRNewswire-FirstCall/ -- Eaton Vance Management, the Boston-based investment adviser, announced the monthly distributions declared on the common shares of three of its closed-end equity funds (the "Funds"). The record date for the distributions is December 23, 2010, and the payable date is December 31, 2010. The ex-date is December 21, 2010.  The distribution per share, closing market price on December 13, 2010 (or last trade price), and annualized market yield for each Fund are as follows:

It is also anticipated that each of the Funds will accelerate the declaration and payment of its January 2011 monthly distribution to avoid being subject to 2010 federal excise tax.  The Funds' January distributions are expected to be payable in early January to shareholders of record on December 31, 2010.  In February 2011, each Fund expects to resume its regular monthly distribution and payment schedule.

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 $185.2 billion in assets as of October 31, 2010, offering individuals and institutions a broad array of investment strategies 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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