BOSTON, Jan. 21, 2014
/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
months and year ended October 31,
2013. The Fund's fiscal year ended on October 31, 2013.
For the three months ended October 31,
2013, the Fund had net investment income of $11,657,005 ($0.078
per share). For the year ended October 31,
2013, the Fund had net investment income of $29,178,297 ($0.195
per share). In comparison, for the three months ended October 31, 2012, the Fund had net investment
income of $4,267,065 ($0.028 per share). For the year ended
October 31, 2012, the Fund had net
investment income of $21,018,094
($0.138 per share).
Net realized and unrealized gains for the three months ended
October 31, 2013 were $69,079,595 ($0.463
per share). Net realized and unrealized gains for the year ended
October 31, 2013 were $269,193,046 ($1.798 per share). In comparison, net realized
and unrealized gains for the three months ended October 31, 2012 were $45,874,909 ($0.303
per share). Net realized and unrealized gains for the year ended
October 31, 2012 were $161,640,039 ($1.062 per share).
On October 31, 2013, net assets of
the Fund were $1,775,014,697. The net
asset value per share on October 31,
2013 was $11.87 based on
149,584,220 shares outstanding. In comparison, on October 31, 2012, net assets of the Fund were
$1,654,325,965. The net asset value
per share on October 31, 2012 was
$10.96 based on 150,969,916 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 $283.3 billion
in assets as of December 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
TAX-MANAGED DIVERSIFIED EQUITY INCOME FUND
|
SUMMARY OF RESULTS
OF OPERATIONS
|
(in thousands,
except per share amounts)
|
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Three Months
Ended
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Year
Ended
|
|
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October
31,
|
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October
31,
|
|
|
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2013
|
|
2012
|
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2013
|
|
2012
|
Gross investment
income
|
|
|
|
$
16,339
|
|
$
8,791
|
|
$
47,654
|
|
$
38,756
|
Operating
expenses
|
|
|
|
|
(4,682)
|
|
(4,524)
|
|
(18,476)
|
|
(17,738)
|
|
Net investment
income
|
|
|
$
11,657
|
|
$
4,267
|
|
$
29,178
|
|
$
21,018
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Net realized and
unrealized gains (losses)
|
|
|
|
|
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on
investments
|
|
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$
69,080
|
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$
45,875
|
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$
269,193
|
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$
161,640
|
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Net increase
(decrease) in net assets
|
|
|
|
|
|
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from
operations
|
|
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$
80,737
|
|
$
50,142
|
|
$
298,371
|
|
$
182,658
|
|
|
|
|
|
|
|
|
|
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Earnings per Share
Outstanding
|
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Gross investment
income
|
|
|
|
$
0.109
|
|
$
0.057
|
|
$
0.318
|
|
$
0.254
|
Operating
expenses
|
|
|
|
|
(0.031)
|
|
(0.029)
|
|
(0.123)
|
|
(0.116)
|
|
Net investment
income
|
|
|
$
0.078
|
|
$
0.028
|
|
$
0.195
|
|
$
0.138
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
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on
investments
|
|
|
|
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$
0.463
|
|
$
0.303
|
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$
1.798
|
|
$
1.062
|
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Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
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from
operations
|
|
|
|
$
0.541
|
|
$
0.331
|
|
$
1.993
|
|
$
1.200
|
|
|
|
|
|
|
|
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Net Asset Value at
October 31
|
|
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Net
assets
|
|
|
|
|
|
|
|
$
1,775,015
|
|
$
1,654,326
|
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Shares
outstanding
|
|
|
|
|
|
|
149,584
|
|
150,970
|
|
Net asset value per
share outstanding
|
|
|
|
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$
11.87
|
|
$
10.96
|
|
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Market Value
Summary
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Market price on NYSE
at October 31
|
|
|
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$
10.72
|
|
$
9.51
|
|
High market price
(period ended October 31)
|
|
|
|
|
$
10.78
|
|
$
9.88
|
|
Low market price
(period ended October 31)
|
|
|
|
$
9.08
|
|
$
8.39
|
|
|
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SOURCE Eaton Vance Management