Eaton Vance closed-end funds exempt control share by-law after court ruling

Eaton Vance Ltd Duration Income Fund

Board exempts all prior and new share purchases from control share by-law until further notice.
Action follows Jan 23, 2023 MA court ruling that by-law violates Section 18(i) of Investment Company Act.
Court granted summary judgment in favor of Saba Capital on rescission claim; litigation ongoing.
Court upheld Board's fiduciary duty claim, finding legitimate business reason for by-law amendment.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.