Trustees of Eaton Vance Limited Duration Income Fund Approve Change in Investment...

Trustees of Eaton Vance Limited Duration Income Fund Approve Change in
Investment Policies

BOSTON, March 24 /PRNewswire-FirstCall/ -- Eaton Vance Limited Duration Income
Fund, a diversified closed-end investment company (NYSE Alternext US: EVV)
(the "Fund"), currently invests at least 50% of its total assets in two
investment categories: (i) mortgage-backed securities and (ii) investments
rated below investment grade, which include (but are not limited to) senior
loans and high yield bonds. With respect to the balance of the Fund's assets,
the Fund is authorized to invest in other assets, including unsecured loans,
other floating-rate debt securities, such as notes, bonds and asset-backed
securities (such as special purpose trusts investing in bank loans),
credit-linked notes, tranches of collateralized obligations, investment grade
fixed income debt obligations and money market instruments, such as commercial
paper ("permitted additional investments"). The Trustees of the Fund recently
approved commercial mortgage-backed securities ("CMBS") as another permitted
additional investment for the Fund. CMBS include securities that reflect an
interest in, and are secured by, mortgage loans on commercial real estate
property. The risks associated with CMBS include the effects of local and
other economic conditions on real estate markets, the ability of tenants to
make loan payments, and the ability of a property to attract and retain
tenants. CMBS may be less liquid and exhibit greater price volatility than
other types of mortgage- or asset-backed securities. Under normal market
conditions, the Fund expects to continue to maintain a dollar-weighted average
portfolio credit quality of investment grade.

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 $121.9 billion in assets as of January 31, 2009,
offering individuals and institutions a broad array of investment products 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 Limited Duration Income Fund

Investor: +1-800-262-1122