Eaton Vance Dividend Income Fund Declares Early Distribution of Monthly Dividend.BOSTON -- Eaton Vance Eaton Vance is an American financial services company headquartered in Boston, MA. It is traded on the New York Stock Exchange under the symbol EV.[1] At the end of the second quarter of the 2006 fiscal year, the company had assets under management of $118.8 billion. Dividend Income Fund (the "Fund"), a diversified diversified (di·verˑ·s open-end management investment company, today declared the Fund's regular January 2007 monthly dividend of $0.0600 per share on the Fund's Class A shares, $0.0527 per share on the Fund's Class C shares, $0.0576 per share on the Fund's Class R shares and $0.0625 per share on the Fund's Class I shares. The dividend will be paid on January 2, 2007 to shareholders of record on December 28, 2006. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. for this dividend is December 29, 2006. This distribution's declaration, record and payment dates have been accelerated to allow the Fund to meet its 2006 distribution requirement for federal excise tax Excise Tax 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the IRS. Notes: 1. purposes. The Fund expects to declare its next regular monthly dividend in the middle of February 2007. The Fund's investment objective is to achieve total return for its shareholders. The Fund pursues its objective by investing in Dividend Income Portfolio (the "Portfolio"), a registered investment company managed by Boston Management and Research, a subsidiary of Eaton Vance Management. The Portfolio invests primarily in a diversified portfolio of equity securities that pay dividends. In selecting investments, the Portfolio primarily seeks stocks that produce attractive levels of dividend income and which are, in the opinion of the investment adviser, undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. or inexpensive relative to other similar investments. The Portfolio also seeks to invest in securities that the investment adviser believes have the potential for growth of income and capital appreciation over time. The amount of monthly dividends may vary depending on a number of factors. As portfolio and market conditions change, the rate of dividends on the Fund's shares could change. The final determination of tax characteristics of the Fund's dividends will not occur until after the end of the year, at which time it will be reported to shareholders. The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp., which is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol EV. Eaton Vance and its affiliates had approximately $128.9 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. on October 31, 2006. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance at (800) 262-1122 |
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