DEF 14A: Eaton Vance Funds Announce Annual Shareholder Meeting to Elect Trustees

Eaton Vance Limited Duration Income Fund and Eaton Vance National Municipal Opportunities Trust will hold their annual shareholder meeting on January 8, 2025, to elect trustees.

Summary

• Eaton Vance Limited Duration Income Fund and Eaton Vance National Municipal Opportunities Trust are holding their annual shareholder meetings on January 8, 2025, to elect trustees.
• For the Limited Duration Income Fund, shareholders will vote on three Class I Trustees: Cynthia E. Frost, Valerie A. Mosley, and Scott E. Wennerholm.
• For the National Municipal Opportunities Trust, shareholders will vote on three Class I Trustees: Valerie A. Mosley, Susan J. Sutherland, and Scott E. Wennerholm.
• The record date for determining shareholders eligible to vote is October 29, 2024.
• The Limited Duration Income Fund had 116,203,460 common shares and 8,640 auction preferred shares outstanding on the record date.
• The National Municipal Opportunities Trust had 15,624,921 common shares outstanding on the record date.
• Shareholders are encouraged to submit their proxy votes promptly, whether or not they plan to attend the meeting.

Sentiment

Score: 7

Explanation: The document is neutral in tone, focusing on procedural matters. It is a routine communication, and there is no indication of any significant positive or negative developments. The sentiment is therefore moderately positive due to the professional and transparent nature of the communication.

Positives

• The document provides clear instructions for shareholders on how to vote, either by proxy or in person.
• The board of trustees is composed of experienced professionals with diverse backgrounds.
• The document includes detailed information about the trustees, their qualifications, and their compensation.
• The document provides information about the various committees of the board and their responsibilities.

Negatives

• The document is primarily focused on procedural matters related to the annual meeting and does not provide any information about the financial performance of the funds.
• The document does not discuss any specific challenges or risks facing the funds.

Risks

• The document does not explicitly mention any specific risks, but it does note that each fund is subject to investment, compliance, operational, and valuation risks.
• The document mentions that it is not possible to identify all risks that may affect a fund or to develop processes to eliminate or mitigate their occurrence or effects.

Future Outlook

The document does not contain any specific forward-looking statements about the funds' performance or future strategies. It primarily focuses on the procedural aspects of the upcoming annual meeting.

Management Comments

• Kenneth A. Topping, President, encourages shareholders to vote and return their proxy cards promptly.
• The Board of Trustees emphasizes the importance of shareholder participation in the Annual Meeting.

Industry Context

This document is a standard proxy statement for closed-end investment funds, which is a common practice in the investment management industry. The election of trustees is a routine annual event for these types of funds.

Comparison to Industry Standards

• The structure of the board, with a majority of non-interested trustees, is consistent with industry best practices and regulatory requirements for investment companies.
• The detailed disclosure of trustee backgrounds and compensation is in line with industry standards for transparency.
• The establishment of various committees to oversee different aspects of the funds' operations is a common practice among similar investment funds.
• The process for shareholder proposals and communications with the board is consistent with SEC regulations and industry norms.

Management Changes

Stakeholder Impact

• Shareholders will have the opportunity to vote on the election of trustees, which is a key aspect of corporate governance.
• The document provides transparency about the board's composition, compensation, and responsibilities, which is important for shareholder confidence.
• The document outlines the process for shareholders to communicate with the board, ensuring their voices can be heard.

Next Steps

• Shareholders are to vote on the election of trustees.
• The Annual Meeting will be held on January 8, 2025.
• The Board will continue to oversee the funds' operations and performance.

Key Dates

Keywords

Trustees, Shareholder Meeting, Proxy Statement, Eaton Vance, Investment Funds, Board of Directors, Annual Meeting, Voting, Class I Trustees, Record Date