Eaton Vance Limited Duration Income Fund Announces Financial Results for the Fourth Quarter and Year Ended November 30, 2013
February 14, 2014 at 03:12 pm
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Eaton Vance Limited Duration Income Fund announced financial results for the fourth quarter and year ended November 30, 2013. For the quarter, the company reported net investment income of $33.897 million or $0.289 per share against $37.356 million or $0.318 per share a year ago. Net realized and unrealized gains on investments were $24.025 million or $0.212 against $4.978 million or $0.05 per share a year ago. Net increase in net assets from operations was $57.843 million or $0.500 per share against $42.205 million or $0.367 per share a year ago.
For the year, the company reported net investment income of $91.548 million or $0.779 per share against $100.880 million or $0.859 per share a year ago. Net realized and unrealized loss on investments was $21.933 million or $0.187 per share against net realized and unrealized gains on investments of $38.211 million or $0.326 per share a year ago. Net increase in net assets from operations was $69.373 million or $0.590 per share against net increase in net assets from operations of $138.712 million or $1.182 per share a year ago. The net asset value per common share on December 31, 2013 was $16.53 based on 117,547,018 common shares outstanding. The net asset value per common share on December 31, 2012 was $16.79 based on 117,454,750 common shares outstanding.
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 
