BOSTON, July 12, 2011 /PRNewswire/ -- Eaton Vance Short
Duration Diversified Fund (NYSE: EVG) (the "Fund"), a closed-end
investment company, today announced the earnings of the Fund for
the three and six months ended April 30,
2011. The Fund's fiscal year ends on October 31, 2011.
For the three months ended April 30,
2011, the Fund had net investment income of $3,928,500 ($0.208
per share). For the six months ended April
30, 2011, the Fund had net investment income of $7,775,193 ($0.412
per share). In comparison, for the three months ended April 30, 2010, the Fund had net investment
income of $5,554,127 ($0.294 per share). For the six months ended
April 30, 2010, the Fund had net
investment income of $10,952,559
($0.580 per share).
Net realized and unrealized gains for the three months ended
April 30, 2011 were $2,572,588 ($0.136
per share). Net realized and unrealized gains for the six months
ended April 30, 2011 were
$6,385,207 ($0.338 per share). In comparison, net realized
and unrealized gains for the three months ended April 30, 2010 were $6,315,896 ($0.336
per share). Net realized and unrealized gains for the six months
ended April 30, 2010 were
$13,571,484 ($0.720 per share).
On April 30, 2011, net assets of
the Fund were $347,523,540. The net
asset value per share on April 30,
2011 was $18.40 based on
18,886,596 shares outstanding. In comparison, on April 30, 2010, net assets of the Fund were
$347,809,368. The net asset value per
share on April 30, 2010 was
$18.42 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 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 $203.0 billion
in assets as of April 30, 2011,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON VANCE
SHORT DURATION DIVERSIFIED INCOME FUND
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SUMMARY OF
RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three Months
Ended
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Six Months
Ended
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April
30,
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April
30,
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2011
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2010
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2011
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2010
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Gross investment
income
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$ 5,486
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$ 7,075
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$ 10,859
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$ 13,788
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Operating expenses
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(1,558)
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(1,520)
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(3,084)
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(2,835)
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Net investment income
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$ 3,928
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$ 5,555
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$ 7,775
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$ 10,953
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Net realized and unrealized
gains (losses)
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on investments
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$ 2,572
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$ 6,315
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$ 6,385
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$ 13,571
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Net increase (decrease) in net
assets
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from operations
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$
6,500
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$
11,870
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$
14,160
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$
24,524
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Earnings per Share
Outstanding
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Gross investment
income
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$ 0.291
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$ 0.374
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$ 0.575
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$ 0.730
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Operating expenses
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(0.083)
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(0.080)
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(0.163)
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(0.150)
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Net investment income
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$ 0.208
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$ 0.294
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$ 0.412
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(1)
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$ 0.580
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(1)
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Net realized and unrealized
gains (losses)
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on investments
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$ 0.136
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$ 0.336
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$ 0.338
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$ 0.720
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Net increase (decrease) in net
assets
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from operations
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$
0.344
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$
0.630
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$
0.750
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$
1.300
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Net Asset Value at April
30
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Net assets
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$ 347,524
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$ 347,809
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Shares outstanding
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18,887
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18,887
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Net asset value per share
outstanding
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$ 18.40
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$ 18.42
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Market Value Summary
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Market price on NYSE at April
30
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$ 16.79
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$ 17.52
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High market price (period ended
April 30)
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$ 17.89
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$ 17.52
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Low market price (period ended
April 30)
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$ 16.67
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$ 15.46
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(1) For federal income tax
purposes, estimated net investment income per share for the six
months ended April 30, 2011 and April 30, 2010 were $0.49 and
$0.87, respectively.
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SOURCE Eaton Vance Management