New Funds to Participate in TALF

Published December 11, 2009, 8:40 a.m. EST

Updated December 11, 2009, 8:56 a.m. EST

1 Min Read

The Eaton Vance Limited Duration Income Fund and Eaton Vance Short Duration Diversified Income Fund, both closed-end investment funds, have been authorized to participate in the Term Asset-Backed Loan Facility (TALF) beginning Dec. 14.

The TALF program is currently scheduled to terminate on March 31, 2010 for ABS and legacy CMBS and on June 30, 2010 for New Issuance CMBS.

The funds are managed by Eaton Vance Management, which is a subsidiary of Eaton Vance Corp.

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Eaton Vance and its affiliates managed $154.9 billion in assets as of Oct. 31, offering individuals and institutions an array of investment and wealth management products.

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