Eaton Vance Short Duration Diversified Income Fund Report Of Earnings

BOSTON, April 16, 2014 /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, 2014. The Fund's fiscal year ends on October 31, 2014.

For the three months ended January 31, 2014, the Fund had net investment income of $4,427,198 ($0.235 per share). In comparison, for the three months ended January 31, 2013, the Fund had net investment income of $4,071,695 ($0.216 per share).

Net realized and unrealized losses for the three months ended January 31, 2014 were $3,291,209 ($0.175 per share). In comparison, net realized and unrealized gains for the three months ended January 31, 2013 were $739,006 ($0.039 per share).

On January 31, 2014, net assets of the Fund were $315,709,990. The net asset value per share on January 31, 2014 was $16.77 based on 18,830,596 shares outstanding. In comparison, 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.

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 $285.4 billion in assets as of March 31, 2014, 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,









2014




2013






Gross investment income


$                             6,019




$                             5,692






Operating expenses


(1,592)




(1,620)







Net investment income


$                             4,427




$                             4,072






Net realized and unrealized gains (losses)












  on investments


(3,291)




739







Net increase (decrease) in net assets













  from operations


$                             1,136




$                             4,811



















Earnings per Share Outstanding












Gross investment income


$                             0.319




$                             0.302






Operating expenses


(0.084)




(0.086)







Net investment income (1)


$                             0.235




$                             0.216






Net realized and unrealized gains (losses)












  on investments


(0.175)




0.039







Net increase (decrease) in net assets













  from operations


$                             0.060




$                             0.255
































Net Asset Value at January 31













Net assets


$                         315,710




$                         337,112







Shares outstanding


18,831




18,887







Net asset value per share outstanding


$                             16.77




$                             17.85



















Market Value Summary













Market price on NYSE at January 31


$                             15.32




$                             17.66







High market price (period ended January 31)


$                             15.85




$                             17.82







Low market price (period ended January 31)


$                             15.12




$                             16.35






















(1)

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


ended January 31, 2014 and January 31, 2013 were $0.17 and $0.16, respectively.

































SOURCE Eaton Vance Management



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