Welcome!

News Feed Item

Eaton Vance Limited Duration Income Fund Report Of Earnings

BOSTON, Sept. 2, 2014 /PRNewswire/ -- Eaton Vance Limited Duration Income Fund (NYSE MKT: EVV) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three months ended June 30, 2014. The Fund's fiscal year ends on March 31, 2015. 

For the three months ended June 30, 2014, the Fund had net investment income of $30,775,554 ($0.262 per common share). From this amount, the Fund paid dividends on preferred shares of $71,134 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $30,704,420 or $0.261 per common share. In comparison, for the three months ended June 30, 2013, the Fund had net investment income of $29,029,427 ($0.247 per common share). From this amount, the Fund paid dividends on preferred shares of $87,688 (equal to $0.001 for each common share), resulting in net investment income after the preferred dividends of $28,941,739 or $0.246 per common share.

Net realized and unrealized gains for the three months ended June 30, 2014 were $7,777,224 ($0.066 per common share). In comparison, net realized and unrealized losses for the three months ended June 30, 2013 were $54,720,315 ($0.466 per common share).

On June 30, 2014, net assets of the Fund applicable to common shares were $1,953,437,512. The net asset value per common share on June 30, 2014 was $16.62 based on 117,547,018 common shares outstanding. In comparison, on June 30, 2013, net assets of the Fund applicable to common shares were $1,919,845,171. The net asset value per common share on June 30, 2013 was $16.33 based on 117,547,018 common shares outstanding.

The Fund periodically makes performance data and certain 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 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 $288.2 billion in assets as of July 31, 2014, 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 LIMITED DURATION INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)












Three Months Ended



Three Months Ended





June 30,



June 30,





2014



2013


Gross investment income


$39,880



$36,634


Operating expenses


(6,520)



(5,886)


Interest expense


(2,584)



(1,719)



Net investment income


$30,776



$29,029


Net realized and unrealized gains (losses)







  on investments


$7,777



($54,720)


Preferred dividends paid from net investment income


($71)



($88)



Net increase (decrease) in net assets








  from operations


$38,482



($25,779)










Earnings per Common Share Outstanding







Gross investment income


$0.339



$0.312


Operating expenses


(0.055)



(0.050)


Interest expense


(0.022)



(0.015)



Net investment income


$0.262

(1)


$0.247

(1)

Net realized and unrealized gains (losses)







  on investments


$0.066



($0.466)


Preferred dividends paid from net investment income


(0.001)



(0.001)



Net increase (decrease) in net assets








  from operations


$0.327



($0.220)










Net investment income


$0.262



$0.247


Preferred dividends paid from net investment income


(0.001)



(0.001)


Net investment income after preferred dividends


$0.261



$0.246










Net Asset Value at June 30 (Common Share)








Net assets (000)


$1,953,438



$1,919,845



Shares outstanding (000)


117,547



117,547



Net asset value per share outstanding


$16.62



$16.33










Market Value Summary (Common Share)








Market price on NYSE MKT at June 30


$15.58



$15.95



High market price (three months ended June 30)

$15.64



$17.67



Low market price (three months ended June 30)

$15.08



$15.22










(1) Estimated net investment income per share, calculated on a federal income tax basis, for the three months ended June 30, 2014 and June 30, 2013, was $0.301 and $0.290, 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
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.