Eaton Vance Limited Duration Income Fund Report of Earnings

BOSTON, Feb. 16, 2012 /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 nine months ended December 31, 2011. The Fund's fiscal year ends on March 31, 2012.  Effective September 30, 2011, the fiscal year-end of the Fund was changed from April 30 to March 31.

For the three months ended December 31, 2011, the Fund had net investment income of $32,308,790 ($0.275 per common share).  From this amount, the Fund paid dividends on preferred shares of $93,689 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $32,215,101 or $0.274 per common share.  For the nine months ended December 31, 2011, the Fund had net investment income of $97,472,444 ($0.831 per common share).  From this amount, the Fund paid dividends on preferred shares of $334,302 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $97,138,142 or $0.828 per common share.  In comparison, for the three months ended December 31, 2010, the Fund had net investment income of $34,825,614 ($0.297 per common share).  From this amount, the Fund paid dividends on preferred shares of $207,982 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $34,617,632 or $0.295 per common share.  For the nine months ended December 31, 2010, the Fund had net investment income of $100,845,255 ($0.860 per common share).  From this amount, the Fund paid dividends on preferred shares of $665,341 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $100,179,914 or $0.854 per common share.

Net realized and unrealized gains for the three months ended December 31, 2011 were $44,096,881 ($0.376 per common share).  The Fund's net realized and unrealized losses for the nine months ended December 31, 2011 were $73,461,120 ($0.626 per common share).  In comparison, net realized and unrealized gains for the three months ended December 31, 2010 were $25,366,131 ($0.216 per common share). The Fund's net realized and unrealized gains for the nine months ended December 31, 2010 were $63,024,437 ($0.537 per common share).

On December 31, 2011, net assets of the Fund applicable to common shares were $1,899,724,183. The net asset value per common share on December 31, 2011 was $16.19 based on 117,344,153 common shares outstanding.  In comparison, on December 31, 2010, net assets of the Fund applicable to common shares were $1,953,373,559.  The net asset value per common share on December 31, 2010 was $16.65 based on 117,344,153 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 $191.7 billion in assets as of January 31, 2012, 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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