BOSTON, Jan. 13, 2012
/PRNewswire/ -- Eaton Vance Limited Duration Income Fund (NYSE
Amex: EVV) (the "Fund"), a closed-end management investment
company, today announced the earnings of the Fund for the three
months and the six months ended September
30, 2011. The Fund's fiscal year ends on March 31, 2012. Effective September 30, 2011, the fiscal year-end of the
Fund was changed from April 30
to March 31.
For the three months ended September 30,
2011, the Fund had net investment income of $32,926,806 ($0.281
per common share). From this amount, the Fund paid dividends
on preferred shares of $111,692
(equal to $0.001 for each common
share), resulting in net investment income after the preferred
dividends of $32,815,114 or
$0.280 per common share. For
the six months ended September 30,
2011, the Fund had net investment income of $65,163,654 ($0.556
per common share). From this amount, the Fund paid dividends
on preferred shares of $240,613
(equal to $0.002 for each common
share), resulting in net investment income after the preferred
dividends of $64,923,041 or
$0.554 per common share. In
comparison, for the three months ended September 30, 2010, the Fund had net investment
income of $34,311,174 ($0.292 per common share). From this amount,
the Fund paid dividends on preferred shares of $218,578 (equal to $0.002 for each common share), resulting in net
investment income after the preferred dividends of $34,092,596 or $0.290 per common share. For the six months
ended September 30, 2010, the Fund
had net investment income of $66,019,641 ($0.563
per common share). From this amount, the Fund paid dividends
on preferred shares of $457,359
(equal to $0.004 for each common
share), resulting in net investment income after the preferred
dividends of $65,562,282 or
$0.559 per common share.
Net realized and unrealized losses for the three months ended
September 30, 2011 were $109,993,985 ($0.937 per common share). The Fund's net
realized and unrealized losses for the six months ended
September 30, 2011 were $117,558,001 ($1.001 per common share). In comparison,
net realized and unrealized gains for the three months ended
September 30, 2010 were $54,162,669 ($0.462
per common share). The Fund's net realized and unrealized gains for
the six months ended September 30,
2010 were $37,658,306
($0.321 per common share).
On September 30, 2011, net assets
of the Fund applicable to common shares were $1,860,071,984. The net asset value per common
share on September 30, 2011 was
$15.85 based on 117,344,155 common
shares outstanding. In comparison, on September 30, 2010, net assets of the Fund
applicable to common shares were $1,947,534,733. The net asset value per
common share on September 30, 2010
was $16.60 based on 117,344,155
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 $188.2 billion
in assets as of October 31, 2011,
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
|
|
|
Six
Months Ended
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
|
2011
|
|
2010
|
|
|
2011
|
|
2010
|
|
Gross
investment income
|
|
$41,193
|
|
$43,121
|
|
|
$81,424
|
|
$82,809
|
|
Operating
expenses
|
|
(5,649)
|
|
(5,653)
|
|
|
(11,176)
|
|
(10,617)
|
|
Interest
expense
|
(2,617)
|
|
(3,157)
|
|
|
(5,084)
|
|
(6,172)
|
|
|
Net
investment income
|
|
$32,927
|
|
$34,311
|
|
|
$65,164
|
|
$66,020
|
|
Net
realized and unrealized gains (losses)
|
|
|
|
|
|
|
|
|
|
|
on
investments
|
|
($109,994)
|
|
$54,163
|
|
|
($117,558)
|
|
$37,658
|
|
Preferred
dividends paid from net investment income
|
|
(112)
|
|
(219)
|
|
|
(241)
|
|
(457)
|
|
|
Net
increase (decrease) in net assets
|
|
|
|
|
|
|
|
|
|
|
|
from
operations
|
|
($77,179)
|
|
$88,255
|
|
|
($52,635)
|
|
$103,221
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings
per Common Share Outstanding
|
|
|
|
|
|
|
|
|
|
|
Gross
investment income
|
|
$0.351
|
|
$0.367
|
|
|
$0.694
|
|
$0.706
|
|
Operating
expenses
|
|
(0.048)
|
|
(0.048)
|
|
|
(0.095)
|
|
(0.091)
|
|
Interest
expense
|
|
(0.022)
|
|
(0.027)
|
|
|
(0.043)
|
|
(0.052)
|
|
|
Net
investment income
|
|
$0.281
|
|
$0.292
|
|
|
$0.556
|
(1)
|
$0.563
|
(1)
|
Net
realized and unrealized gains (losses)
|
|
|
|
|
|
|
|
|
|
|
on
investments
|
|
($0.937)
|
|
$0.462
|
|
|
($1.001)
|
|
$0.321
|
|
Preferred
dividends paid from net investment income
|
|
(0.001)
|
|
(0.002)
|
|
|
(0.002)
|
|
(0.004)
|
|
|
Net
increase (decrease) in net assets
|
|
|
|
|
|
|
|
|
|
|
|
from
operations
|
|
($0.657)
|
|
$0.752
|
|
|
($0.447)
|
|
$0.880
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
|
|
$0.281
|
|
$0.292
|
|
|
$0.556
|
|
$0.563
|
|
Preferred
dividends paid from net investment income
|
|
(0.001)
|
|
(0.002)
|
|
|
(0.002)
|
|
(0.004)
|
|
Net
investment income after preferred dividends
|
|
$0.280
|
|
$0.290
|
|
|
$0.554
|
|
$0.559
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Asset
Value at September 30 (Common Share )
|
|
|
|
|
|
|
|
|
|
|
|
Net assets
(000)
|
|
|
|
|
|
|
$1,860,072
|
|
$1,947,535
|
|
|
Shares
outstanding (000)
|
|
|
|
|
|
|
117,344
|
|
117,344
|
|
|
Net asset
value per share outstanding
|
|
|
|
|
|
|
$15.85
|
|
$16.60
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market
Value Summary (Common Share )
|
|
|
|
|
|
|
|
|
|
|
|
Market
price on NYSE Amex at September 30
|
|
|
|
|
|
|
$14.66
|
|
$16.42
|
|
|
High
market price (six months ended September 30)
|
|
|
|
|
|
|
$16.73
|
|
$16.63
|
|
|
Low market
price (six months ended September 30)
|
|
|
|
|
|
|
$14.51
|
|
$14.88
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) For
Federal Income Tax purposes, net investment income per share for
the six months ended September 30, 2011
|
|
and
September 30, 2010, was $0.525 and $0.543, respectively.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOURCE Eaton Vance Management