Eaton Vance Limited Duration Income Fund Report Of Earnings

         Eaton Vance Limited Duration Income Fund Report Of Earnings

PR Newswire

BOSTON, May 15, 2013

BOSTON, May 15, 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 twelve
months 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. 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. 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, 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.

Net realized and unrealized gains for the three months ended March 31, 2013
were $22,606,435 ($0.190 per common share). The Fund's net realized and
unrealized gains for the twelve months ended March 31, 2013 were $60,817,449
($0.516 per common share). In comparison, net realized and unrealized gains
for the three months ended March 31, 2012 were $47,292,382 ($0.403 per common
share). The Fund's net realized and unrealized losses for the twelve months
ended March 31, 2012 were $26,168,738 ($0.223 per common share).

On March 31, 2013, net assets of the Fund applicable to common shares were
$1,980,817,489. The net asset value per common share on March 31, 2013 was
$16.86 based on 117,507,664 common shares outstanding. In comparison, on
March 31, 2012, net assets of the Fund applicable to common shares were
$1,941,504,312. The net asset value per common share on March 31, 2012 was
$16.55 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 calendar quarter-end are also posted to
the website approximately 30 days following quarter-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 $260.3 billion in assets as of April 30, 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     Twelve Months Ended
                       March 31,              March 31,
                       2013         2012      2013            2012
Gross investment       $29,098      $39,377   $153,452        $161,589
income
Operating expenses     (5,644)      (5,841)   (22,610)        (22,871)
Interest expense       (2,157)      (2,260)   (8,665)         (9,969)
    Net investment     $21,297      $31,276   $122,177        $128,749
    income
Net realized and
unrealized gains
(losses)
 on investments       $22,606      $47,292   $60,817         ($26,169)
Preferred dividends
paid from net          (108)        (85)      (487)           (419)
investment income
    Net increase
    (decrease) in
    net assets
     from             $43,795      $78,483   $182,507        $102,161
    operations
Earnings per Common
Share Outstanding
Gross investment       $0.248       $0.336    $1.307          $1.377
income
Operating expenses     (0.047)      (0.050)   (0.192)         (0.195)
Interest expense       (0.019)      (0.019)   (0.074)         (0.085)
    Net investment     $0.182       $0.267    $1.041     ^(1) $1.097     ^(1)
    income
Net realized and
unrealized gains
(losses)
 on investments       $0.190       $0.403    $0.516          ($0.223)
Preferred dividends
paid from net          (0.001)      (0.001)   (0.004)         (0.004)
investment income
    Net increase
    (decrease) in
    net assets
     from             $0.371       $0.669    $1.553          $0.870
    operations
Net investment         $0.182       $0.267    $1.041          $1.097
income
Preferred dividends
paid from net          (0.001)      (0.001)   (0.004)         (0.004)
investment income
Net investment
income after           $0.181       $0.266    $1.037          $1.093
preferred dividends
Net Asset Value at
March 31 (Common
Share)
    Net assets (000)                          $1,980,817      $1,941,504
    Shares
    outstanding                               117,508         117,344
    (000)
    Net asset value
    per share                                 $16.86          $16.55
    outstanding
Market Value Summary
(Common Share)
    Market price on
    NYSE MKT at                               $17.10          $16.05
    March 31
    High market
    price (Year                               $17.50          $16.73
    ended March 31)
    Low market price
    (Year ended                               $15.69          $14.10
    March 31)
(1) For Federal Income Tax purposes, net investment income per share for the
twelve months ended March 31, 2013 and March 31, 2012, was $1.199 and $1.249,
respectively.

SOURCE Eaton Vance Management

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