Eaton Vance Short Duration Diversified Income Fund Declares Monthly Distribution

     Eaton Vance Short Duration Diversified Income Fund Declares Monthly
                                 Distribution

PR Newswire

BOSTON, Feb. 11, 2013

BOSTON, Feb. 11, 2013 /PRNewswire/ --Eaton Vance Short Duration Diversified
Income Fund (NYSE: EVG), a closed-end management investment company, today
declared a monthly distribution of $0.09 per common share. As portfolio and
market conditions change, the rate of future distributions may change. The
distribution is expected to be paid on February 28, 2013, to shareholders of
record on February 21, 2013. The ex-date is February 19, 2013.

At this time the Fund believes that a portion of the February distribution may
be comprised of amounts from sources other than net investment income. If
that is the case, you will be notified in writing. Further information will
be available prior to the payment date at http://funds.eatonvance.com. The
final determination of tax characteristics of the Fund's distributions will
occur after the end of the year, at which time it will be reported to the
shareholders.

The Fund makes distributions in accordance with a managed distribution plan.
With each distribution, a Fund issues a notice to shareholders and a press
release containing information about the amount and sources of the
distribution and other related information. A Fund's distributions in any
period may be more or less than the net return earned by the Fund on its
investments, and therefore should not be used as a measure of performance or
confused with "yield" or "income." Distributions in excess of Fund returns
will cause its net asset value to erode. Investors should not draw any
conclusions about a Fund's investment performance from the amount of its
distribution or from the terms of its managed distribution plan. A Fund's
distribution rate may be affected by numerous factors, including changes in
realized and projected market returns, Fund performance and other factors.
There can be no assurance that a change in market conditions or other factors
will not result in a change in a Fund's distribution rate. Additional
information about the Funds, including performance and portfolio
characteristic information, is available at www.eatonvance.com.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance
Corp. (NYSE: EV), based in Boston, one of the oldest investment management
firms in the United States, with a history dating back to 1924. Eaton Vance
and its affiliates managed $238.4 billion in assets as of December 31, 2012,
offering individuals and institutions a broad array of investment strategies
and wealth management solutions. The Company's long record of providing
exemplary service and attractive returns through a variety of market
conditions has made Eaton Vance the investment manager of choice for many of
today's most discerning investors. For more information about Eaton Vance,
visit www.eatonvance.com.

Shares of closed-end funds often trade at a discount from their net asset
value. The market price of Fund shares may vary from net asset value based on
factors affecting the supply and demand for shares, such as Fund distribution
rates relative to similar investments, investors' expectations for future
distribution changes, the clarity of the Fund's investment strategy and future
return expectations, and investors' confidence in the underlying markets in
which the Fund invests. Fund shares are subject to investment risk, including
possible loss of principal invested. No Fund is a complete investment program
and you may lose money investing in a Fund. An investment in a Fund may not be
appropriate for all investors. Before investing, prospective investors should
consider carefully the Fund's investment objective, risks, charges and
expenses.

SOURCE Eaton Vance Management

Website: http://www.eatonvance.com
Contact: Investor Contact: 800-262-1122
 
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