Eaton Vance Short Duration Diversified Income Fund Report Of Earnings

09 Apr, 2013, 10:13 ET from Eaton Vance Management

BOSTON, April 9, 2013 /PRNewswire/ -- Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months ended January 31, 2013. The Fund's fiscal year ends on October 31, 2013.

For the three months ended January 31, 2013, the Fund had net investment income of $4,071,695 ($0.216 per share). In comparison, for the three months ended January 31, 2012, the Fund had net investment income of $3,838,367 ($0.203 per share).

Net realized and unrealized gains for the three months ended January 31, 2013 were $739,006 ($0.039 per share). In comparison, net realized and unrealized gains for the three months ended January 31, 2012 were $3,172,918 ($0.168 per share).

On January 31, 2013, net assets of the Fund were $337,111,822. The net asset value per share on January 31, 2013 was $17.85 based on 18,886,596 shares outstanding. In comparison, on January 31, 2012, net assets of the Fund were $338,076,602. The net asset value per share on January 31, 2012 was $17.90 based on 18,886,596 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 month-end are also posted to the website approximately 30 days following month-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 $247.8 billion in assets as of January 31, 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 SHORT DURATION DIVERSIFIED INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Three Months Ended

January 31,

January 31,

2013

2012

Gross investment income

$          5,692

$           5,363

Operating expenses

(1,620)

(1,525)

Net investment income

$          4,072

$           3,838

Net realized and unrealized gains (losses)

  on investments

739

3,173

Net increase (decrease) in net assets

  from operations

$          4,811

$           7,011

Earnings per Share Outstanding

Gross investment income

$          0.302

$           0.284

Operating expenses

(0.086)

(0.081)

Net investment income (1)

$          0.216

$           0.203

Net realized and unrealized gains (losses)

  on investments

0.039

0.168

Net increase (decrease) in net assets

  from operations

$          0.255

$           0.371

Net Asset Value at January 31

Net assets

$      337,112

$       338,077

Shares outstanding

18,887

18,887

Net asset value per share outstanding

$          17.85

$           17.90

Market Value Summary

Market price on NYSE at January 31

$          17.66

$           16.96

High market price (period ended January 31)

$          17.82

$           17.05

Low market price (period ended January 31)

$          16.35

$           16.15

(1)

For federal income tax purposes estimated net investment income per share for the three months 

ended January 31, 2013 and January 31, 2012 were $0.16 and $0.07, respectively.

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com