Eaton Vance Short Duration Diversified Income Fund Declares Monthly Distribution

BOSTON, Dec. 13, 2011 /PRNewswire/ -- Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG), a closed-end management investment company, today declared a monthly distribution of $0.09 per common share. As portfolio and market conditions change, the rate of future distributions may change. The distribution is expected to be paid on December 30, 2011, to shareholders of record on December 23, 2011.  The ex-date is December 21, 2011.

It is also anticipated that the Fund will accelerate the declaration and payment of its January 2012 monthly distribution to avoid being subject to 2011 federal excise tax.  The Fund's January distribution is expected to be payable in early January to shareholders of record on December 30, 2011.  In February 2012, the Fund expects to resume its regular monthly distribution and payment schedule.

At this time the Fund believes that a portion of the December 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://funds.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 Fund is 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 $188.2 billion in assets as of October 31, 2011, 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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