Welcome!

News Feed Item

Eaton Vance Short Duration Diversified Income Fund Report Of Earnings

BOSTON, Jan. 21, 2014 /PRNewswire/ -- Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months and year ended October 31, 2013. The Fund's fiscal year ended on October 31, 2013.

For the three months ended October 31, 2013, the Fund had net investment income of $4,083,686 ($0.216 per share). For the year ended October 31, 2013, the Fund had net investment income of $15,562,697 ($0.824 per share). In comparison, for the three months ended October 31, 2012, the Fund had net investment income of $4,615,839 ($0.244 per share).  For the year ended October 31, 2012, the Fund had net investment income of $16,376,795 ($0.867 per share).

Net realized and unrealized losses for the three months ended October 31, 2013 were $829,723 ($0.040 per share). Net realized and unrealized losses for the year ended October 31, 2013 were $12,052,005 ($0.634 per share). In comparison, net realized and unrealized gains for the three months ended October 31, 2012 were $2,306,970 ($0.117 per share). Net realized and unrealized gains for the year ended October 31, 2012 were $5,256,479 ($0.273 per share).

On October 31, 2013, net assets of the Fund were $320,513,612. The net asset value per share on October 31, 2013 was $16.97 based on 18,886,596 shares outstanding. In comparison, on October 31, 2012, net assets of the Fund were $337,400,444. The net asset value per share on October 31, 2012 was $17.86 based on 18,886,596 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 month-end are also posted to the website approximately 30 days following month-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 $283.3 billion in assets as of December 31, 2013, 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.

EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)





















Three Months Ended


Year Ended








October 31,


October 31,








2013


2012


2013


2012


Gross investment income




$             5,958


$           6,732


$        22,229


$           23,157


Operating expenses





(1,874)


(2,116)


(6,666)


(6,780)



Net investment income



$             4,084


$           4,616


$        15,563


$           16,377


Net realized and unrealized gains (losses)










  on investments





$               (830)


$           2,306


$       (12,052)


$             5,256



Net increase (decrease) in net assets










  from operations




$             3,254


$           6,922


$           3,511


$           21,633
















Earnings per Share Outstanding











Gross investment income




$             0.315


$           0.356


$           1.177


$             1.226


Operating expenses





(0.099)


(0.112)


(0.353)


(0.359)



Net investment income 



$             0.216


$           0.244


$           0.824

(1)

$             0.867

(1)

Net realized and unrealized gains (losses)










  on investments





$            (0.040)


$           0.117


$         (0.634)


$             0.273



Net increase (decrease) in net assets










  from operations




$             0.176


$           0.361


$           0.190


$             1.140






























Net Asset Value at October 31












Net assets  








$      320,514


$         337,400



Shares outstanding 







18,887


18,887



Net asset value per share outstanding





$           16.97


$             17.86
















Market Value Summary













Market price on NYSE at October 31





$           15.29


$             17.32



High market price (period ended October 31)





$           17.82


$             17.79



Low market price (period ended October 31)





$           14.98


$             16.15
















(1)

For federal income tax purposes, estimated net investment income per share for the year ended 





October 31, 2013 and October 31, 2012 were $0.697 and $0.560, respectively.






 

SOURCE Eaton Vance Management

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
"The reason Tier 1 companies are coming to us is we're able to narrow the gap where custom applications need to be built. They provide a lot of services, like IBM has Watson, and they provide a lot of hardware but how do you bring it all together? Bringing it all together they have to build custom applications and that's the niche that we are able to help them with," explained Peter Jung, Product Leader at Pulzze Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2,...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.