Eaton Vance Short Duration Diversified Income Fund Report Of Earnings

    Eaton Vance Short Duration Diversified Income Fund Report Of Earnings

PR Newswire

BOSTON, Jan. 10, 2013

BOSTON, Jan. 10, 2013 /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, 2012. The Fund's fiscal year ended on October 31, 2012.

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). In
comparison, for the three months ended October 31, 2011, the Fund had net
investment income of $3,923,833 ($0.208 per share). For the year ended
October 31, 2011, the Fund had net investment income of $15,526,977 ($0.822
per share).

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). In comparison,
net realized and unrealized losses for the three months ended October 31, 2011
were $6,495,023 ($0.342 per share). Net realized and unrealized losses for the
year ended October 31, 2011 were $2,526,662 ($0.132 per share).

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. In comparison, on October 31, 2011, net assets of the Fund were
$336,164,694. The net asset value per share on October 31, 2011 was $17.80
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 $199.5 billion in assets as of October 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.



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,
                        2012     2011       2012           2011
                        $     $      $           $     
Gross investment income        5,743    23,157        22,017
                        6,732
Operating expenses      (2,116)  (1,819)    (6,780)        (6,490)
     Net investment     $     $      $           $     
     income                    3,924    16,377        15,527
                        4,616
Net realized and        $     $      $          $     
unrealized gains              (6,495)    5,256        (2,527)
(losses) on investments 2,306
     Net increase       $   
     (decrease) in net        $      $           $     
     assets from        6,922    (2,571)   21,633        13,000
     operations
Earnings per Share
Outstanding
                        $     $      $          $      
Gross investment income        0.304     1.226        1.166
                        0.356
Operating expenses      (0.112)  (0.096)    (0.359)        (0.344)
     Net investment     $     $      $          $      
     income                   0.208     0.867   ^(1) 0.822         ^(1)
                        0.244
Net realized and        $     $      $          $     
unrealized gains              (0.342)    0.273        (0.132)
(losses) on investments 0.117
     Net increase       $   
     (decrease) in net        $      $          $      
     assets from        0.361    (0.134)    1.140        0.690
     operations
Net Asset Value at
October 31
     Net assets                           $            $    
                                            337,400       336,165
     Shares                                 18,887         18,887
     outstanding
     Net asset value                        $          $      
     per share                               17.86        17.80
     outstanding
Market Value Summary
     Market price on                        $          $      
     NYSE at October 31                      17.32        16.35
     High market price                      $          $      
     (period ended                           17.79        17.89
     October 31)
     Low market price                       $          $      
     (period ended                           16.15        15.51
     October 31)
     For federal income tax purposes, estimated net investment income per
^(1) share for the year endedOctober 31, 2012 and October 31, 2011 were
     $0.560 and $1.091, respectively.



SOURCE Eaton Vance Management

Website: http://www.eatonvance.com
Contact: Investor Contact: 1-800-262-1122
 
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