BOSTON, July 20, 2012 /PRNewswire/ -- Eaton Vance
Tax-Managed Diversified Equity Income Fund (NYSE: ETY) (the
"Fund"), a closed-end management investment company, today
announced the earnings of the Fund for the three and six months
ended April 30, 2012. The
Fund's fiscal year ends on October 31,
2012.
For the three months ended April 30,
2012, the Fund had net investment income of $6,220,058 ($0.041
per share). For the six months ended April
30, 2012, the Fund had net investment income of $10,305,552 ($0.068
per share). In comparison, for the three months ended
April 30, 2011, the Fund had net
investment income of $4,691,809
($0.030 per share). For the six
months ended April 30, 2011, the Fund
had net investment income of $7,222,355 ($0.047
per share).
Net realized and unrealized gains for the three months ended
April 30, 2012 were $66,508,370 ($0.438
per share). Net realized and unrealized gains for the six
months ended April 30, 2012 were
$132,503,291 ($0.871 per share). In comparison, net realized
and unrealized gains for the three months ended April 30, 2011 were $84,161,435 ($0.556
per share). Net realized and unrealized gains for the six
months ended April 30, 2011 were
$165,212,043 ($1.088 per share).
On April 30, 2012, net assets of
the Fund were $1,706,078,000. The net
asset value per share on April 30,
2012 was $11.19 based on
152,472,416 shares outstanding. In comparison, on
April 30, 2011, net assets of the
Fund were $1,928,342,551. The net
asset value per share on April 30,
2011 was $12.65 based on
152,472,416 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 $192.3 billion
in assets as of June 30, 2012,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's
long record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
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EATON
VANCE TAX-MANAGED DIVERSIFIED EQUITY INCOME FUND
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SUMMARY
OF RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three
Months Ended
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Six
Months Ended
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April
30,
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April
30,
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2012
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2011
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2012
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2011
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Gross
investment income
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$
10,665
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$
9,497
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$
19,142
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$
17,051
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Operating
expenses
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(4,444)
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(4,805)
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(8,836)
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(9,829)
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Net
investment income
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$
6,221
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$
4,692
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$
10,306
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$
7,222
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Net
realized and unrealized gains (losses)
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on
investments
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$
66,508
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$
84,161
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$
132,503
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$
165,212
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Net
increase (decrease) in net assets
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from
operations
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$ 72,729
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$ 88,853
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$ 142,809
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$ 172,434
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Earnings
per Share Outstanding
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Gross
investment income
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$
0.070
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$
0.062
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$
0.126
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$
0.112
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Operating
expenses
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(0.029)
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(0.032)
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(0.058)
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(0.065)
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Net
investment income
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$
0.041
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$
0.030
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$
0.068
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$
0.047
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Net
realized and unrealized gains (losses)
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on
investments
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$
0.438
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$
0.556
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$
0.871
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$
1.088
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Net
increase (decrease) in net assets
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from
operations
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$ 0.479
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$ 0.586
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$ 0.939
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$ 1.135
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Net Asset
Value at April 30
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Net
assets
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$
1,706,078
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$
1,928,343
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Shares
outstanding
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152,472
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152,472
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Net asset
value per share outstanding
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$
11.19
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$
12.65
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Market
Value Summary
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Market
price on NYSE at April 30
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$
9.59
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$
11.27
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High
market price (period ended April 30)
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$
9.88
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$
12.06
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Low market
price (period ended April 30)
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$
8.39
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$
10.52
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SOURCE Eaton Vance Management