Eaton Vance Limited Duration Income Fund Report of Earnings

BOSTON, Sept. 30 /PRNewswire-FirstCall/ -- Eaton Vance Limited Duration Income Fund (NYSE Amex: EVV) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months ended July 31, 2010.  The Fund's fiscal year ends on April 30, 2011.  

For the three months ended July 31, 2010, the Fund had net investment income of $35,163,362 ($0.300 per common share).  From this amount, the Fund paid dividends on preferred shares of $251,449 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $34,911,913 or $0.298 per common share.  In comparison, for the three months ended July 31, 2009, the Fund had net investment income of $37,209,015 ($0.331 per common share).  From this amount, the Fund paid dividends on preferred shares of $275,875 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $36,993,140 or $0.329 per common share.

Net realized and unrealized losses for the three months ended July 31, 2010 were $15,188,472 ($0.130 per common share).  In comparison, net realized and unrealized gains for the three months ended July 31, 2009 were $211,098,464 ($1.877 per common share).

On July 31, 2010, net assets of the Fund applicable to common shares were $1,929,157,948.  The net asset value per common share on July 31, 2010 was $16.45 based on 117,285,374 common shares outstanding.  In comparison, on July 31, 2009, net assets of the Fund applicable to common shares were $1,668,455,886.  The net asset value per common share on July 31, 2009 was $14.84 based on 112,462,747 common shares outstanding.  

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 $173.3 billion in assets as of July 31, 2010, 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.

SOURCE Eaton Vance Management

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