Three funds make trading debut.

Byline: Frances A. McMorris

While there is little in the way of regular companies conducting initial public offerings, three closed-end funds did price their shares Tuesday, with two making their debuts trading Wednesday, May 28.

Eaton Vance Limited Duration Income Fund, Merrill Lynch Corporate High Yield VI Inc. and Calamos Convertible & High Income Fund all priced Tuesday evening. But by late afternoon, the Eaton Vance fund hadn't hit the market with its estimated $95 million offering.

However, Boston-based Eaton Vance priced its offering at $20 per share. The closed-end management fund whose duration will be about three years, invests its assets …