Eaton Vance Limited Duration Income Fund Report of Earnings

BOSTON, June 22, 2011 /PRNewswire/ -- 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 and the fiscal year ended April 30, 2011.  

For the three months ended April 30, 2011, the Fund had net investment income of $27,773,204 ($0.237 per common share).  From this amount, the Fund paid dividends on preferred shares of $173,112 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $27,600,092 or $0.236 per common share.  For the year ended April 30, 2011, the Fund had net investment income of $131,132,130 ($1.118 per common share).  From this amount, the Fund paid dividends on preferred shares of $839,072 (equal to $0.007 for each common share), resulting in net investment income after the preferred dividends of $130,293,058 or $1.111 per common share.  In comparison, for the three months ended April 30, 2010, the Fund had net investment income of $30,836,681 ($0.267 per common share).  From this amount, the Fund paid dividends on preferred shares of $182,014 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $30,654,667 or $0.265 per common share.  For the year ended April 30, 2010, the Fund had net investment income of $137,228,049 ($1.213 per common share).  From this amount, the Fund paid dividends on preferred shares of $794,073 (equal to $0.007 for each common share), resulting in net investment income after the preferred dividends of $136,433,976 or $1.206 per common share.

Net realized and unrealized gains for the three months ended April 30, 2011 were $24,480,209 ($0.210 per common share).  The Fund's net realized and unrealized gains for the year ended April 30, 2011 were $81,602,891 ($0.697 per common share).  In comparison, net realized and unrealized gains for the three months ended April 30, 2010 were $54,643,552 ($0.470 per common share). The Fund's net realized and unrealized gains for the year ended April 30, 2010 were $430,146,382 ($3.809 per common share).

On April 30, 2011, net assets of the Fund applicable to common shares were $2,001,368,080.  The net asset value per common share on April 30, 2011 was $17.06 based on 117,344,155 common shares outstanding.  In comparison, on April 30, 2010, net assets of the Fund applicable to common shares were $1,950,179,446.  The net asset value per common share on April 30, 2010 was $16.63 based on 117,285,374 common 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 calendar quarter-end are also posted to the website approximately 30 days following quarter-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 $203.0 billion in assets as of April 30, 2011, 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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