Eaton Vance Equity Option Income Closed-End Funds Adopt Share Repurchase Program

BOSTON, Aug. 8, 2012 /PRNewswire/ -- The Board of Trustees of the below-listed Eaton Vance equity option income closed-end funds (the Funds) has authorized the repurchase by each Fund of up to 10% of its currently outstanding common shares in open-market transactions at a discount to net asset value (NAV):

The repurchase program will be directed by Eaton Vance Management (EVM), the Funds' investment adviser. Each Fund's repurchase activity, including the numbers of shares purchased, average price and average discount to NAV, will be disclosed in the Fund's annual and semi-annual reports to shareholders.  Establishing the repurchase program does not obligate the Funds to purchase specific amounts of shares. 

EVM is 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 $192.3 billion in assets as of June 30, 2012, offering individuals and institutions a broad array of investment strategies and wealth management solutions.  The Company's long record of providing exemplary service, timely innovation 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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