Eaton Vance Limited Duration Income Fund Report of Earnings

         Eaton Vance Limited Duration Income Fund Report of Earnings

PR Newswire

BOSTON, Feb. 22, 2013

BOSTON, Feb. 22, 2013 /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 and the nine
months ended December 31, 2012. The Fund's fiscal year ends on March 31,
2013.

For the three months ended December 31, 2012, the Fund had net investment
income of $37,356,388 ($0.318 per common share). From this amount, the Fund
paid dividends on preferred shares of $128,618 (equal to $0.001 for each
common share), resulting in net investment income after the preferred
dividends of $37,227,769 or $0.317 per common share. For the nine months
ended December 31, 2012, the Fund had net investment income of $100,879,557
($0.859 per common share). From this amount, the Fund paid dividends on
preferred shares of $378,998 (equal to $0.003 for each common share),
resulting in net investment income after the preferred dividends of
$100,500,558 or $0.856 per common share. In comparison, for the three months
ended December 31, 2011, the Fund had net investment income of $32,308,790
($0.275 per common share). From this amount, the Fund paid dividends on
preferred shares of $93,689 (equal to $0.001 for each common share), resulting
in net investment income after the preferred dividends of $32,215,101 or
$0.274 per common share. For the nine months ended December 31, 2011, the
Fund had net investment income of $97,472,444 ($0.831 per common share). From
this amount, the Fund paid dividends on preferred shares of $334,302 (equal to
$0.003 for each common share), resulting in net investment income after the
preferred dividends of $97,138,142 or $0.828 per common share.

Net realized and unrealized gains for the three months ended December 31, 2012
were $4,977,870 ($0.050 per common share). The Fund's net realized and
unrealized gains for the nine months ended December 31, 2012 were $38,211,014
($0.326 per common share). In comparison, net realized and unrealized gains
for the three months ended December 31, 2011 were $44,096,881 ($0.376 per
common share). The Fund's net realized and unrealized losses for the nine
months ended December 31, 2011 were $73,461,120 ($0.626 per common share).

On December 31, 2012, net assets of the Fund applicable to common shares were
$1,971,973,615. The net asset value per common share on December 31, 2012 was
$16.79 based on 117,454,750 common shares outstanding. In comparison, on
December 31, 2011, net assets of the Fund applicable to common shares were
$1,899,724,183. The net asset value per common share on December 31, 2011 was
$16.19 based on 117,344,153 common 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 $247.8 billion in assets as of January 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 LIMITED DURATION INCOME FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                        Three Months Ended    Nine Months Ended
                        December 31,          December 31,
                        2012         2011     2012            2011
Gross investment income $44,943      $40,788  $124,355        $122,212
Operating expenses      (5,615)      (5,854)  (16,967)        (17,030)
Interest expense        (1,972)      (2,625)  (6,508)         (7,710)
    Net investment      $37,356      $32,309  $100,880        $97,472
    income
Net realized and
unrealized gains
(losses)
 on investments        $4,978       $44,097  $38,211         ($73,461)
Preferred dividends
paid from net           (129)        (94)     (379)           (334)
investment income
    Net increase
    (decrease) in net
    assets
     from operations   $42,205      $76,312  $138,712        $23,677
Earnings per Common
Share Outstanding
Gross investment income $0.382       $0.347   $1.059          $1.041
Operating expenses      (0.048)      (0.050)  (0.145)         (0.145)
Interest expense        (0.016)      (0.022)  (0.055)         (0.065)
    Net investment      $0.318       $0.275   $0.859     ^(1) $0.831     ^(1)
    income
Net realized and
unrealized gains
(losses)
 on investments        $0.050       $0.376   $0.326          ($0.626)
Preferred dividends
paid from net           (0.001)      (0.001)  (0.003)         (0.003)
investment income
    Net increase
    (decrease) in net
    assets
     from operations   $0.367       $0.650   $1.182          $0.202
Net investment income   $0.318       $0.275   $0.859          $0.831
Preferred dividends
paid from net           (0.001)      (0.001)  (0.003)         (0.003)
investment income
Net investment income
after preferred         $0.317       $0.274   $0.856          $0.828
dividends
Net Asset Value at
December 31 (Common
Share )
    Net assets (000)                          $1,971,974      $1,899,724
    Shares outstanding                        117,455         117,344
    (000)
    Net asset value per                       $16.79          $16.19
    share outstanding
Market Value Summary
(Common Share )
    Market price on
    NYSE MKT at                               $16.94          $15.23
    December 31
    High market price
    (nine months ended                        $17.38          $16.73
    December 31)
    Low market price
    (nine months ended                        $15.69          $14.10
    December 31)
(1) For Federal Income Tax purposes, net investment income per share for the
nine months ended December 31, 2012 and December 31, 2011, was $0.909 and
$0.942, respectively.

SOURCE Eaton Vance Management

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