Eaton Vance Limited Duration Income Fund Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
February 23, 2015 at 04:13 pm EST
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Eaton Vance Limited Duration Income Fund reported earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the fund reported net investment income of $31,615,066 or $0.269 per common share. From this amount, the fund paid dividends on preferred shares of $97,317 or 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. In comparison, for the three months ended December 31, 2013, the fund had net investment income of $33,896,642 or $0.289 per common share. From this amount, the fund paid dividends on preferred shares of $79,320 or 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. Net realized and unrealized losses were $31,622,349 or $0.269 per common share. In comparison, net realized and unrealized gains for the three months ended December 31, 2013 were $24,024,939 or $0.212 per common share. The net asset value per common share on December 31, 2014 was $15.82 based compared to net asset value per common share on December 31, 2013 was $16.53.
For the nine months, the fund had net investment income of $92,667,150 or $0.788 per common share. From this amount, the fund paid dividends on preferred shares of $255,893 or 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. For the nine months ended December 31, 2013, the fund had net investment income of $91,547,704 or $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. The Fund's net realized and unrealized losses for the nine months ended December 31, 2014 were $76,243,375 or $0.649 per common share. The fund's net realized and unrealized losses for the nine months ended December 31, 2013 were $21,932,770 or $0.187 per common share.
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).
EATON VANCE LIMITED DURATION INCOME FUND 
