Eaton Vance Limited Duration Income Fund Report Of Earnings

BOSTON, May 15, 2013 /PRNewswire/ -- Eaton Vance Limited Duration Income Fund (NYSE MKT: EVV) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months and the twelve months ended March 31, 2013.

For the three months ended March 31, 2013, the Fund had net investment income of $21,297,071 ($0.182 per common share).  From this amount, the Fund paid dividends on preferred shares of $108,370 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $21,188,701 or $0.181 per common share.  For the twelve months ended March 31, 2013, the Fund had net investment income of $122,176,628 ($1.041 per common share).  From this amount, the Fund paid dividends on preferred shares of $487,368 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $121,689,260 or $1.037 per common share.  In comparison, for the three months ended March 31, 2012, the Fund had net investment income of $31,276,392 ($0.267 per common share).  From this amount, the Fund paid dividends on preferred shares of $84,865 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $31,191,527 or $0.266 per common share.  For the twelve months ended March 31, 2012, the Fund had net investment income of $128,748,836 ($1.097 per common share).  From this amount, the Fund paid dividends on preferred shares of $419,167 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $128,329,669 or $1.093 per common share.

Net realized and unrealized gains for the three months ended March 31, 2013 were $22,606,435 ($0.190 per common share).  The Fund's net realized and unrealized gains for the twelve months ended March 31, 2013 were $60,817,449 ($0.516 per common share).  In comparison, net realized and unrealized gains for the three months ended March 31, 2012 were $47,292,382 ($0.403 per common share). The Fund's net realized and unrealized losses for the twelve months ended March 31, 2012 were $26,168,738 ($0.223 per common share).

On March 31, 2013, net assets of the Fund applicable to common shares were $1,980,817,489.  The net asset value per common share on March 31, 2013 was $16.86 based on 117,507,664 common shares outstanding.  In comparison, on March 31, 2012, net assets of the Fund applicable to common shares were $1,941,504,312. The net asset value per common share on March 31, 2012 was $16.55 based on 117,344,153 common shares outstanding. 

The Fund periodically makes certain performance data and information about portfolio characteristics available on www.eatonvance.com (on the fund information page under "Individual Investors – Closed-End Funds").  Fund portfolio holdings for the most recent calendar quarter-end are also posted to the website approximately 30 days following quarter-end. 

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 $260.3 billion in assets as of April 30, 2013, 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.

EATON VANCE LIMITED DURATION INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)















Three Months Ended


Twelve Months Ended





March 31,


March 31,





2013


2012


2013


2012


Gross investment income


$29,098


$39,377


$153,452


$161,589


Operating expenses


(5,644)


(5,841)


(22,610)


(22,871)


Interest expense


(2,157)


(2,260)


(8,665)


(9,969)



Net investment income


$21,297


$31,276


$122,177


$128,749


Net realized and unrealized gains (losses)










  on investments


$22,606


$47,292


$60,817


($26,169)


Preferred dividends paid from net investment income

(108)


(85)


(487)


(419)



Net increase (decrease) in net assets











  from operations


$43,795


$78,483


$182,507


$102,161













Earnings per Common Share Outstanding










Gross investment income


$0.248


$0.336


$1.307


$1.377


Operating expenses


(0.047)


(0.050)


(0.192)


(0.195)


Interest expense


(0.019)


(0.019)


(0.074)


(0.085)



Net investment income


$0.182


$0.267


$1.041

(1)

$1.097

(1)

Net realized and unrealized gains (losses)










  on investments


$0.190


$0.403


$0.516


($0.223)


Preferred dividends paid from net investment income

(0.001)


(0.001)


(0.004)


(0.004)



Net increase (decrease) in net assets











  from operations


$0.371


$0.669


$1.553


$0.870













Net investment income


$0.182


$0.267


$1.041


$1.097


Preferred dividends paid from net investment income

(0.001)


(0.001)


(0.004)


(0.004)


Net investment income after preferred dividends


$0.181


$0.266


$1.037


$1.093













Net Asset Value at March 31 (Common Share)











Net assets (000)






$1,980,817


$1,941,504



Shares outstanding (000)






117,508


117,344



Net asset value per share outstanding






$16.86


$16.55













Market Value Summary (Common Share)











Market price on NYSE MKT at March 31






$17.10


$16.05



High market price (Year ended March 31)






$17.50


$16.73



Low market price (Year ended March 31)






$15.69


$14.10













(1) For Federal Income Tax purposes, net investment income per share for the twelve months ended March 31, 2013 and March 31, 2012, was $1.199 and $1.249, respectively.













SOURCE Eaton Vance Management



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