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The Annual Meeting of Shareholders for Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) and Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO) is scheduled for February 10, 2022, at 11:30 a.m. Eastern Time. Due to COVID-19, this meeting will be held telephonically, with no in-person attendance. Shareholders must email AST Fund Solutions by 3:00 p.m. Eastern Time on February 9, 2022 to participate. Shareholders are encouraged to submit their votes in advance utilizing previously distributed proxy materials.
Eaton Vance Management has announced changes to the portfolio management team of the Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG). Effective September 8, 2021, Akbar A. Causer and Federico Sequeda, CFA, have joined the existing team, which includes Catherine C. McDermott, Andrew Szczurowski, CFA, and Eric Stein, CFA. The Fund is managed with a focus on risk and tax management, aiming for consistent long-term returns. Investors are reminded to consider the Fund's objectives and risks before investing, as shares may trade at a discount to net asset value.
The Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) held a special shareholder meeting on May 7, 2021, where shareholders approved a new investment advisory agreement with Eaton Vance Management. This approval allows a conditional cash tender offer for up to 25% of the Fund's outstanding shares at 99% of its net asset value (NAV). Additionally, starting June 2021, the Fund will increase its monthly distribution to an annual rate of 10% of the then-current NAV, contingent upon the approval of the new agreement.
Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) announced a conditional cash tender offer for up to 25% of its outstanding shares at 99% of the net asset value. The tender offer is contingent upon shareholder approval of a new advisory agreement with Eaton Vance Management. If approved, the fund plans to increase its monthly distribution rate to an annual 10% of net asset value, a 45% increase from the current $0.075 per share. A special shareholder meeting is set for May 7, 2021, to vote on the advisory agreement.
The combined Annual Meeting of Shareholders for Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) and Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO) will be held telephonically on February 11, 2021, at 11:30 a.m. ET. This decision arises from the COVID-19 pandemic and associated travel guidelines. Shareholders must register by email to attend. As of December 1, 2020, record holders can vote during the meeting. The Funds will monitor the COVID-19 situation and provide updates as necessary.
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