BOSTON, Aug. 31, 2011 /PRNewswire/ -- Eaton Vance Short
Duration Diversified Income Fund (NYSE: EVG) today announced
important information concerning its distribution declared in
August 2011. This press release
is issued as required by the Fund's managed distribution plan
(Plan) and an exemptive order received from the U.S. Securities and
Exchange Commission. The Board of Trustees has approved the
implementation of the Plan to make monthly cash distributions to
common shareholders, stated in terms of a fixed amount per common
share. This information is sent to you for informational purposes
only and is an estimate of the sources of the August distribution.
It is not determinative of the tax character of the Fund's
distributions for the 2011 calendar year. Shareholders should note
that the Fund's total regular distribution amount is subject to
change as a result of market conditions or other factors.
The amounts and sources of distributions reported in this notice
are estimates, are not being provided for tax reporting purposes
and the distribution may later be determined to be from other
sources including realized short-term gains, long-term gains, to
the extent permitted by law, and return of capital. The actual
amounts and sources for tax reporting purposes will depend upon the
Fund's investment experience during the remainder of its fiscal
year and may be subject to changes based on tax regulations.
The Fund will send you a Form 1099-DIV for the calendar year
that will tell you how to report these distributions for federal
income tax purposes.
Distribution Period: August 2011
Distribution Amount per Common Share: $0.090
The following table sets forth an estimate of the sources of the
Fund's August distribution and its cumulative distributions paid
this fiscal year to date. Amounts are expressed on a per
common share basis and as a percentage of the distribution
amount.
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Eaton Vance
Short Duration Diversified Income
Fund
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Source
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Current
Distribution
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% of
Current
Distribution
|
Cumulative
Distributions for the
Fiscal
Year-to-Date(1)
|
% of the
Cumulative
Distributions for the
Fiscal
Year-to-Date(1)
|
|
Net Investment
Income
|
$0.031
|
34.9%
|
$0.921
|
94.0%
|
|
Net Realized
Short-Term
Capital Gains
|
$0.000
|
0.0%
|
$0.000
|
0.0%
|
|
Net Realized
Long-Term
Capital Gains
|
$0.000
|
0.0%
|
$0.000
|
0.0%
|
|
Return of Capital or
Other
Capital Source(s)
|
$0.059
|
65.1%
|
$0.059
|
6.0%
|
|
Total per common
share
|
$0.090
|
100.0%
|
$0.980
|
100.0%
|
|
|
|
|
|
|
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(1) The Fund's fiscal year is November 1, 2010 to October 31, 2011
IMPORTANT DISCLOSURE: You should not draw any
conclusions about the Fund's investment performance from the amount
of this distribution or from the terms of the Fund's Plan.
The Fund estimates that it has distributed more than its
income and net realized capital gains; therefore, a portion of your
distribution may be a return of capital. A return of capital may
occur for example, when some or all of the money that you invested
in the Fund is paid back to you. A return of capital distribution
does not necessarily reflect the Fund's investment performance and
should not be confused with 'yield' or 'income.' The amounts
and sources of distributions reported in this Notice are only
estimates and are not being provided for tax reporting purposes.
The actual amounts and sources of the amounts for accounting
and/or tax reporting purposes will depend upon the Fund's
investment experience during the remainder of its fiscal year and
may be subject to changes based on tax regulations. The Fund will
send you a Form 1099-DIV for the calendar year that will tell you
how to report these distributions for federal income tax
purposes.
Set forth in the table below is information relating to the
Fund's performance based on its net asset value (NAV) for certain
periods.
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|
Average annual total
return at NAV for the 5-year period ended on July 31,
2011(1)
|
8.67%
|
|
Annualized current
distribution rate expressed as a percentage of NAV as of
July 31,
2011(2)
|
5.93%
|
|
Cumulative total return at
NAV for the fiscal year through July 31,
2011(3)
|
4.99%
|
|
Cumulative fiscal year to
date distribution rate as a percentage of NAV as of
July 31,
2011(4)
|
4.89%
|
|
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(1) Average annual total return at NAV represents the
simple arithmetic average of the annual NAV total returns of the
Fund for the 5-year period ended on July 31,
2011.
(2) The annualized current distribution rate is the
cumulative distribution rate annualized as a percentage of the
Fund's NAV as of July 31, 2011.
(3) Cumulative total return at NAV is the percentage change
in the Fund's NAV for the period from the beginning of its fiscal
year to July 31, 2011 including
distributions paid and assuming reinvestment of those
distributions.
(4) Cumulative fiscal year distribution rate for the period
from the beginning of its fiscal year to July 31, 2011 measured on the dollar value of
distributions in the year-to-date period as a percentage of the
Fund's NAV as of July 31, 2011.
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 $199.0 billion
in assets as of July 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