BOSTON, April 4, 2011 /PRNewswire/ -- Eaton Vance
Tax-Managed Diversified Equity Income Fund (NYSE: ETY)(the "Fund"),
a closed-end investment company, today announced the earnings of
the Fund for the three months ended January
31, 2011. The Fund's fiscal year ends on October 31, 2011.
For the three months ended January 31,
2011, the Fund had net investment income of $2,530,546 ($0.017
per share). In comparison, for the three months ended January 31, 2010, the Fund had net investment
income of $4,112,170 ($0.027 per share).
Net realized and unrealized gains for the three months ended
January 31, 2011 were $81,050,608 ($0.532
per share). In comparison, net realized and unrealized gains for
the three months ended January 31,
2010 were $59,195,935
($0.393 per share).
On January 31, 2011, net assets of
the Fund were $1,883,630,072. The net
asset value per share on January 31,
2011 was $12.35 based on
152,472,416 shares outstanding. In comparison, on January 31, 2010, net assets of the Fund were
$1,925,588,205. The net asset value
per share on January 31, 2010 was
$12.77 based on 150,827,768 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 $191.7 billion
in assets as of January 31, 2011,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
EATON VANCE
TAX-MANAGED DIVERSIFIED EQUITY INCOME FUND
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SUMMARY OF
RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three Months
Ended
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Three Months
Ended
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January
31
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January
31
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2011
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2010
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|
Gross investment
income
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$
7,554
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$
9,474
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Operating expenses
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(5,023)
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(5,362)
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Net investment income
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$
2,531
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$
4,112
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Net realized and unrealized
gains (losses)
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|
|
|
|
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on investments
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81,051
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59,196
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Net increase (decrease) in net
assets
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from operations
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$
83,582
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$
63,308
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Earnings per Share
Outstanding
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Gross investment
income
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$
0.050
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|
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$
0.063
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Operating expenses
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(0.033)
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|
|
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(0.036)
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Net investment income
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$
0.017
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$
0.027
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Net realized and unrealized
gains (losses)
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|
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on investments
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0.532
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0.393
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Net increase (decrease) in net
assets
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from operations
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$
0.549
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$
0.420
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|
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Net Asset Value at January
31
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Net assets
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$
1,883,630
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$
1,925,588
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Shares outstanding
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152,472
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150,828
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Net asset value per share
outstanding
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$
12.35
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$
12.77
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Market Value Summary
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Market price on NYSE at January
31
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$
11.32
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$
12.61
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High market price (period ended
January 31)
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$
12.06
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$
13.94
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Low market price (period ended
January 31)
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$
10.88
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$
12.59
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SOURCE Eaton Vance Management