Eaton Vance Short Duration Diversified Income Fund Report Of Earnings

    Eaton Vance Short Duration Diversified Income Fund Report Of Earnings

PR Newswire

BOSTON, Nov. 4, 2013

BOSTON, Nov. 4, 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 and nine
months ended July 31, 2013. The Fund's fiscal year ended on October 31, 2013.

For the three months ended July 31, 2013, the Fund had net investment income
of $3,444,950 ($0.183 per share). For the nine months ended July 31, 2013, the
Fund had net investment income of $11,479,011 ($0.608 per share). In
comparison, for the three months ended July 31, 2012, the Fund had net
investment income of $3,847,466 ($0.204 per share). For the nine months ended
July 31, 2012, the Fund had net investment income of $11,760,956 ($0.623 per
share).

Net realized and unrealized losses for the three months ended July 31, 2013
were $10,605,673 ($0.562 per share). Net realized and unrealized losses for
the nine months ended July 31, 2013 were $11,222,282 ($0.594 per share). In
comparison, net realized and unrealized losses for the three months ended July
31, 2012 were $780,398 ($0.045 per share). Net realized and unrealized gains
for the nine months ended July 31, 2012 were $2,949,509 ($0.156 per share).

On July 31, 2013, net assets of the Fund were $322,359,086. The net asset
value per share on July 31, 2013 was $17.07 based on 18,886,596 shares
outstanding. In comparison, on July 31, 2012, net assets of the Fund were
$335,577,019. The net asset value per share on July 31, 2012 was $17.77 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 $273.1 billion in assets as of September 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 SHORT DURATION DIVERSIFIED INCOME FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                           Three Months Ended      Nine Months Ended
                           July 31,                July 31,
                           2013         2012       2013           2012
                           $       $      $           $   
Gross investment income     4,758       5,209    16,271         
                                                                  16,425
Operating expenses         (1,313)      (1,361)    (4,792)        (4,664)
       Net investment      $       $      $           $   
       income               3,445       3,848    11,479         
                                                                  11,761
Net realized and
unrealized gains (losses)
                           $        $      $           $   
 on investments           (10,606)      (780)  (11,222)         
                                                                  2,950
       Net increase
       (decrease) in net
       assets
                           $       $      $          $   
        from operations   (7,161)      3,068      257        
                                                                  14,711
Earnings per Share
Outstanding
                           $       $      $          $   
Gross investment income     0.253       0.276     0.862          
                                                                  0.870
Operating expenses         (0.070)      (0.072)    (0.254)        (0.247)
       Net investment      $       $      $          $   
       income              0.183       0.204     0.608   ^(1)      ^(1)
                                                                  0.623
Net realized and
unrealized gains (losses)
                           $       $      $          $   
 on investments           (0.562)     (0.045)   (0.594)          
                                                                  0.156
       Net increase
       (decrease) in net
       assets
                           $       $      $          $   
        from operations   (0.379)      0.159     0.014          
                                                                  0.779
Net Asset Value at July
31
                                                   $            $   
       Net assets                                322,359       
                                                                  335,577
       Shares outstanding                         18,887         18,887
       Net asset value per                         $          $   
       share outstanding                            17.07          
                                                                  17.77
Market Value Summary
       Market price on                             $          $   
       NYSE at July 31                              15.62          
                                                                  17.27
       High market price                           $          $   
       (period ended July                           17.82          
       31)                                                        17.30
       Low market price                            $          $   
       (period ended July                           15.53          
       31)                                                        16.15
^(1)   For federal income tax purposes, estimated net investment
       income per share for the nine months ended
       July 31, 2013 and July 31, 2012 were $0.59 and $0.65, respectively.



SOURCE Eaton Vance Management

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