Eaton Vance of Boston has been given a green light by the SEC chief accountant's office to install a .70 percent 12b-1 "equivalent" distribution program on two of its four senior prime rate bank loan interval funds. The approval was effective May 1.

Shareholders of the Eaton Vance Prime Rate Reserves and the Eaton Vance Classic Senior Floating-Rate Fund approved the addition of the distribution fee last month.

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