EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND BOSTON, April 13, 2015 /PRNewswire/ -- Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months ended January 31, 2015. The Fund's fiscal year ends on October 31, 2015.
For the three months ended January 31, 2015, the Fund had net investment income of $3,846,465 ($0.209 per share). In comparison, for the three months ended January 31, 2014, the Fund had net investment income of $4,427,198 ($0.235 per share).
Net realized and unrealized losses for the three months ended January 31, 2015 were $4,573,679 ($0.248 per share). In comparison, net realized and unrealized losses for the three months ended January 31, 2014 were $3,291,209 ($0.175 per share).
On January 31, 2015, net assets of the Fund were $296,302,507. The net asset value per share on January 31, 2015 was $16.18 based on 18,311,096 shares outstanding. In comparison, on January 31, 2014, net assets of the Fund were $315,709,990. The net asset value per share on January 31, 2014 was $16.77 based on 18,830,596 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 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. (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 $295.7 billion in assets as of January 31, 2015, 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.
EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Three Months Ended
January 31, January 31,
----------- -----------
2015 2014
---- ----
Gross investment income $5,382 $6,019
Operating expenses (1,536) (1,592)
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Net investment income $3,846 $4,427
Net realized and unrealized gains (losses)
on investments (4,574) (3,291)
------ ------
Net increase (decrease) in net assets
from operations $(728) $1,136
Earnings per Share Outstanding
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Gross investment income $0.292 $0.319
Operating expenses (0.083) (0.084)
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Net investment income (1) $0.209 $0.235
Net realized and unrealized gains (losses)
on investments (0.248) (0.175)
------ ------
Net increase (decrease) in net assets
from operations $(0.039) $0.060
Net Asset Value at January 31
-----------------------------
Net assets $296,303 $315,710
Shares outstanding 18,311 18,831
Net asset value per share outstanding $16.18 $16.77
Market Value Summary
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Market price on NYSE at January 31 $14.31 $15.32
High market price (period ended
January 31) $14.52 $15.85
Low market price (period ended January
31) $13.98 $15.12
(1) For federal income tax purposes estimated net investment income per share for the three months
ended January 31, 2015 and January 31, 2014 were $0.19 and $0.17, respectively.
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SOURCE Eaton Vance Management
