Eaton Vance Short Duration Diversified Income Fund Report of Earnings
BOSTON, April 6 /PRNewswire-FirstCall/ -- Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG), a closed-end investment company, today announced the earnings of the Fund for the three months ended January 31, 2010. The Fund's fiscal year ends on October 31, 2010.
For the three months ended January 31, 2010, the Fund had net investment income of $5,398,432 ($0.286 per common share). In comparison, for the three months ended January 31, 2009, the Fund had net investment income of $5,137,951 ($0.272 per common share).
Net realized and unrealized gains for the three months ended January 31, 2010 were $7,255,588 ($0.384 per common share). In comparison, net realized and unrealized losses for the three months ended January 31, 2009 were $5,030,106 ($0.266 per common share).
On January 31, 2010, net assets of the Fund were $341,085,530. The net asset value per common share on January 31, 2010 was $18.06 based on 18,886,596 common shares outstanding. In comparison, on January 31, 2009, net assets of the Fund were $277,337,882. The net asset value per common share on January 31, 2009 was $14.68 based on 18,886,596 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 $161.6 billion in assets as of January 31, 2010, offering individuals and institutions a broad array of investment products 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.
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
------- -------
2010 2009
---- ----
Gross investment income $6,713 $6,108
Operating expenses (1,315) (970)
------ ----
Net investment income $5,398 $5,138
Net realized and unrealized gains (losses)
on investments 7,256 (5,030)
----- ------
Net increase (decrease) in net assets
from operations $12,654 $108
======= ====
Earnings per Share Outstanding
------------------------------
Gross investment income $0.356 $0.323
Operating expenses (0.070) (0.051)
------ ------
Net investment income (1) $0.286 $0.272
Net realized and unrealized gains (losses)
on investments 0.384 (0.266)
----- ------
Net increase (decrease) in net assets
from operations $0.670 $0.006
====== ======
Net Asset Value at January 31(Common Shares)
--------------------------------------------
Net assets $341,086 $277,338
Shares outstanding 18,887 18,887
Net asset value per share outstanding $18.06 $14.68
Market Value Summary (Common Shares)
------------------------------------
Market price on NYSE at January 31 $16.42 $12.88
High market price (period ended January 31) $16.56 $13.01
Low market price (period ended January 31) $15.46 $10.37
(1) For federal income tax purposes estimated net investment
income per share for the three months ended January 31, 2010
and January 31, 2009 were $0.47 and $0.34, respectively.
SOURCE Eaton Vance Management
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