Eaton Vance Limited Duration Income Fund Report Of Earnings

BOSTON, Feb. 23, 2015 /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 nine months ended December 31, 2014. The Fund's fiscal year ends on March 31, 2015. 

For the three months ended December 31, 2014, the Fund had net investment income of $31,615,066 ($0.269 per common share). From this amount, the Fund paid dividends on preferred shares of $97,317 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $31,517,749 or $0.268 per common share. For the nine months ended December 31, 2014, the Fund had net investment income of $92,667,150 ($0.788 per common share). From this amount, the Fund paid dividends on preferred shares of $255,893 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $92,411,257 or $0.786 per common share. In comparison, for the three months ended December 31, 2013, the Fund had net investment income of $33,896,642 ($0.289 per common share). From this amount, the Fund paid dividends on preferred shares of $79,320 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $33,817,322 or $0.288 per common share. For the nine months ended December 31, 2013, the Fund had net investment income of $91,547,704 ($0.779 per common share). From this amount, the Fund paid dividends on preferred shares of $241,526 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $91,306,178 or $0.777 per common share.

Net realized and unrealized losses for the three months ended December 31, 2014 were $31,622,349 ($0.269 per common share). The Fund's net realized and unrealized losses for the nine months ended December 31, 2014 were $76,243,375 ($0.649 per common share). In comparison, net realized and unrealized gains for the three months ended December 31, 2013 were $24,024,939 ($0.212 per common share). The Fund's net realized and unrealized losses for the nine months ended December 31, 2013 were $21,932,770 ($0.187 per common share).

On December 31, 2014, net assets of the Fund applicable to common shares were $1,859,396,559. The net asset value per common share on December 31, 2014 was $15.82 based on 117,547,018 common shares outstanding. In comparison, on December 31, 2013, net assets of the Fund applicable to common shares were $1,943,271,289. The net asset value per common share on December 31, 2013 was $16.53 based on 117,547,018 common shares outstanding. 

The Fund periodically makes performance data and certain 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. 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 $296.0 billion in assets as of December 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, timely innovation 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.

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SOURCE Eaton Vance Management