Eaton Vance Credit Opportunities Fund (EOE) Reports Solid Net Investment Income

The Eaton Vance Credit Opportunities Fund reported net assets of $70.3 million, or $9.67 per share, as of 10/31/2009. This was a strong rebound from the $63 million, or $8.67 per share, of net assets reported a year earlier.

The Eaton Vance Credit Opportunities Fund is a closed end fund that invests in fixed income securities with the objective of high current income and a secondary goal of capital appreciation. The fund invests in a variety of fixed income securities, including the debt of corporations, bank loans and investment companies. The Eaton Vance Credit Opportunities Fund is currently concentrated in first and second lien bank loans.

The Eaton Vance Credit Opportunities Fund had a strong performance in 2009, with a return of 99.1% in the one-year period ending 12/31/2009. Since the Eaton Vance Credit Opportunities Fund began operations in May 2006, the fund has a total return of –7.7%.