May 19, 2013 7:18 PM ET

Capital Markets

Company Overview of Eaton Vance Limited Duration Income Fund

Company Overview

Eaton Vance Limited Duration Income Fund is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It seeks to invest in the securities of companies operating across the diversified sectors. The fund invests in senior, secured floating-rate loans, mortgage-backed securities, and corporate bonds that are rated below investment grade quality, known as junk bonds with an average duration of 3.47 years and average quality BBB/BBB-. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index, the Merrill Lynch U.S. High Yield Index, and the Barclays Capital U.S. Interm...

Detailed Description

Two International Place

Boston, MA 02110

United States

Founded in 2003

Key Executives for Eaton Vance Limited Duration Income Fund

Chief Executive Officer and Trustee
Age: 54
Chief Financial Officer
Age: 55
Chief Legal Officer
Age: 52
Chief Income Investment Officer and Vice President
Age: 56
Vice President and Portfolio Manager
Age: 51
Compensation as of Fiscal Year 2012.

Eaton Vance Limited Duration Income Fund Key Developments

Eaton Vance Limited Duration Income Fund Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2013

Eaton Vance Limited Duration Income Fund reported earnings results for the fourth quarter and full year ended March 31, 2013. For the three months ended March 31, 2013, the Fund had net investment income of $21,297,071 ($0.182 per common share). From this amount, the Fund paid dividends on preferred shares of $108,370 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $21,188,701 or $0.181 per common share. In comparison, for the three months ended March 31, 2012, the Fund had net investment income of $31,276,392 ($0.267 per common share). From this amount, the Fund paid dividends on preferred shares of $84,865 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $31,191,527 or $0.266 per common share. For the twelve months ended March 31, 2013, the Fund had net investment income of $122,176,628 ($1.041 per common share). From this amount, the Fund paid dividends on preferred shares of $487,368 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $121,689,260 or $1.037 per common share. For the twelve months ended March 31, 2012, the Fund had net investment income of $128,748,836 ($1.097 per common share). From this amount, the Fund paid dividends on preferred shares of $419,167 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $128,329,669 or $1.093 per common share. The net asset value per common share on March 31, 2013 was $16.86 based on 117,507,664 common shares outstanding. The net asset value per common share on March 31, 2012 was $16.55 based on 117,344,153 common shares outstanding.

Eaton Vance Limited Duration Income Fund Declares Monthly Distribution, Payable on May 20, 2013

Eaton Vance Limited Duration Income Fund declared a monthly distribution of $0.1017 per common share. The distribution is expected to be paid on May 20, 2013, to shareholders of record on May 13, 2013. The ex-dividend date is May 9, 2013.

Eaton Vance Limited Duration Income Fund Declares Monthly Distribution, Payable on April 18, 2013

Eaton Vance Limited Duration Income Fund declared a monthly distribution of $0.1017 per common share. The distribution is expected to be paid on April 18, 2013, to shareholders of record on April 11, 2013. The ex-dividend date is April 9, 2013.

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