Eaton Vance High Income 2021 Target Term Trust Declares Initial Monthly Distribution

BOSTON, July 1, 2016 /PRNewswire/ -- Eaton Vance High Income 2021 Target Term Trust (NYSE: EHT) (the "Trust"), a closed-end management investment company, today announced its first monthly distribution of $0.05 per common share. The Trust began trading on the NYSE on May 26, 2016. The distribution is expected to be paid on July 22, 2016 to shareholders of record on July 15, 2016. The ex-dividend date is July 13, 2016.    

On an annualized basis, the Trust's initial distribution is equivalent to an annual distribution rate of approximately 6% of the Trust's initial public offering price. The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of future distributions may change. The initial public offering price does not reflect the initial sales load or any subsequent fluctuations in the Trust's net asset value or market price per share.

The Trust is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV) which is a leading global asset manager whose history dates to 1924. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $318.7 billion in assets as of April 30, 2016, 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, visit eatonvance.com.

Trust distributions may be affected by numerous factors, including changes in Trust performance, the cost of financing, portfolio holdings, realized and projected returns, and other factors. There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in the Trust's distributions at a future time.

A portion of the distributions 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 funds.eatonvance.com. The final determination of tax characteristics of the Trust's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

Shares of closed-end funds often trade at a discount from their net asset value. The market price of Trust shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Trust distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Trust's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Trust invests. Trust shares are subject to investment risk, including possible loss of principal invested. The Trust is not a complete investment program and you may lose money investing in the Trust. An investment in the Trust may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Trust's investment objectives, risks, charges and expenses.

SOURCE Eaton Vance Management