BOSTON, June 29 /PRNewswire-FirstCall/ -- Eaton Vance
Tax-Managed Diversified Equity Income Fund (NYSE: ETY), a
closed-end investment company, today announced the earnings of the
Fund for the three and six months ended April 30, 2010. The Fund's fiscal year ends
on October 31, 2010.
For the three months ended April 30,
2010, the Fund had net investment income of $6,662,321 ($0.044
per share). For the six months ended April
30, 2010, the Fund had net investment income of $10,774,491 ($0.071
per share). In comparison, for the three months ended
April 30, 2009, the Fund had net
investment income of $10,866,984
($0.072 per share). For the six
months ended April 30, 2009, the Fund
had net investment income of $16,053,719 ($0.107
per share).
Net realized and unrealized gains for the three months ended
April 30, 2010 were $92,008,036 ($0.604
per share). Net realized and unrealized gains for the six
months ended April 30, 2010 were
$151,203,971 ($0.997 per share). In comparison, net realized
and unrealized gains for the three months ended April 30, 2009 were $42,312,012 ($0.290
per share). Net realized and unrealized losses for the six
months ended April 30, 2009 were
$73,252,619 ($0.482 per share).
On April 30, 2010, net assets of
the Fund were $1,969,592,647.
The net asset value per share on April
30, 2010 was $13.01 based on
151,343,502 shares outstanding. In comparison, on
April 30, 2009, net assets of the
Fund were $1,742,101,307. The
net asset value per share on April 30,
2009 was $11.64 based on
149,711,079 shares outstanding.
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 $176.2 billion
in assets as of April 30, 2010,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON VANCE
TAX-MANAGED DIVERSIFIED EQUITY INCOME FUND
SUMMARY OF RESULTS
OF OPERATIONS
(in thousands,
except per share amounts)
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|
|
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Three Months
Ended
|
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Six Months
Ended
|
|
|
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April
30,
|
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April
30,
|
|
|
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2010
|
|
2009
|
|
2010
|
|
2009
|
|
|
Gross investment income
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$
11,677
|
|
$
15,271
|
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$
21,151
|
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$
25,348
|
|
|
Operating expenses
|
(5,015)
|
|
(4,404)
|
|
(10,377)
|
|
(9,294)
|
|
|
Net investment income
|
$
6,662
|
|
$
10,867
|
|
$
10,774
|
|
$
16,054
|
|
|
Net realized and unrealized
gains (losses) on investments
|
$
92,008
|
|
$
42,312
|
|
$
151,204
|
|
$
(73,253)
|
|
|
Net
increase (decrease) in net assets from operations
|
$
98,670
|
|
$
53,179
|
|
$
161,978
|
|
$
(57,199)
|
|
|
|
|
|
|
|
|
|
|
|
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Earnings per Share
Outstanding
|
|
|
|
|
|
|
|
|
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Gross investment income
|
$
0.077
|
|
$
0.102
|
|
$
0.140
|
|
$
0.169
|
|
|
Operating expenses
|
(0.033)
|
|
(0.030)
|
|
(0.069)
|
|
(0.062)
|
|
|
Net investment income
|
$
0.044
|
|
$
0.072
|
|
$
0.071
|
|
$
0.107
|
|
|
Net realized and unrealized
gains (losses) on investments
|
$
0.604
|
|
$
0.290
|
|
$
0.997
|
|
$
(0.482)
|
|
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Net increase (decrease) in net
assets from operations
|
$
0.648
|
|
$
0.362
|
|
$
1.068
|
|
$
(0.375)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Net Asset Value at April 30
|
|
|
|
|
|
|
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Net assets
|
|
|
|
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$
1,969,593
|
|
$
1,742,101
|
|
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Shares outstanding
|
|
|
|
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151,344
|
|
149,711
|
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Net asset value per share
outstanding
|
|
|
|
|
$
13.01
|
|
$
11.64
|
|
|
|
|
|
|
|
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Market Value Summary
|
|
|
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Market price on NYSE at April
30
|
|
|
|
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$
13.47
|
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$
10.69
|
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High market price (period ended April
30)
|
|
|
|
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$
13.94
|
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$
11.98
|
|
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Low market price (period ended April
30)
|
|
|
|
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$
12.40
|
|
$
7.87
|
|
|
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SOURCE Eaton Vance Management