Eaton Vance Limited Duration Income Fund Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2014
November 20, 2014 at 04:20 pm EST
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Eaton Vance Limited Duration Income Fund reported earnings results for the second quarter and six months ended September 30, 2014. For the three months, the fund had net investment income of $30,276,000 or $0.257 per common share compared to net investment income of $28,622,000 or $0.243 per common share reported a year ago. Net realized and unrealized loss on investments was $52,398,000 or $0.454 per common share compared to net realized and unrealized gain on investments of $8,763,000 or $0.067 per common share reported a year ago. Net decrease in net assets from operations were $22,209,000 or $0.198 per share compared to net increase in net assets from operations of $37,310,000 or $0.310 per share a year ago. Net investment income after the preferred dividends were $28,547,117 or $0.243 per common share.
For the six months, the fund had net investment income of $61,052,000 or $0.519 per common share compared to net investment income of $57,651,000 or $0.490 per common share reported a year ago. Net realized and unrealized loss on investments was $44,621,000 or $0.388 per common share compared to net realized and unrealized loss on investments of $45,958,000 or $0.399 per common share reported a year ago. Net increase in net assets from operations were $16,272,000 or $0.130 per share compared to net increase in net assets from operations of $11,531,000 or $0.090 per share a year ago. Net investment income after the preferred dividends were $60,893,508 or $0.518 per common share. The net asset value per common share on September 30, 2014 was $16.12 compared to $16.34 a year ago.
Eaton Vance Limited Duration Income Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs primary investment objective is to provide a high level of current income. The Fund may, as a secondary objective, also seek capital appreciation to the extent it is consistent with its primary objective. The Fund is focused on investing approximately 25% of its total assets in investments rated investment grade, including United States Government securities, which may include United States Treasuries and mortgage-backed securities (MBS) and other securities issued, backed, or otherwise guaranteed by the United States Government, or its agencies or instrumentalities, commercial MBS, and corporate debt obligations. The Fund invests in various sectors, including aerospace and defense, air transport, automotive, biotechnology, building and development, and cable and satellite television. The Fund's investment advisor is Eaton Vance Management (EVM).