BOSTON, Nov. 6, 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 and nine months
ended July 31, 2014. The Fund's
fiscal year ended on October 31,
2014.
For the three months ended July 31,
2014, the Fund had net investment income of $1,567,340 ($0.011
per share). For the nine months ended July
31, 2014, the Fund had net investment income of $46,739,728 ($0.313
per share). In comparison, for the three months ended
July 31, 2013, the Fund had net
investment income of $5,666,845
($0.038 per share). For the nine
months ended July 31, 2013, the Fund
had net investment income of $17,521,292 ($0.117
per share).
Net realized and unrealized gains for the three months ended
July 31, 2014 were $49,759,705 ($0.336
per share). Net realized and unrealized gains for the nine
months ended July 31, 2014 were
$116,494,150 ($0.779 per share). In comparison, net realized
and unrealized gains for the three months ended July 31, 2013 were $40,089,836 ($0.266
per share). Net realized and unrealized gains for the nine
months ended July 31, 2013 were
$200,113,451 ($1.335 per share).
On July 31, 2014, net assets of
the Fund were $1,823,349,556. The net
asset value per share on July 31,
2014 was $12.20 based on
149,444,220 shares outstanding. In comparison, on July 31, 2013, net assets of the Fund were
$1,733,603,588. The net asset value
per share on July 31, 2013 was
$11.58 based on 149,722,516 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 $293.6 billion
in assets as of September 30, 2014,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service, timely innovation 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
|
|
Nine Months
Ended
|
|
|
|
|
|
|
|
July
31,
|
|
|
|
July
31,
|
|
|
|
|
|
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
Gross investment
income
|
|
|
|
$
6,622
|
|
$
10,386
|
|
$ 61,480
|
|
$
31,315
|
Operating
expenses
|
|
|
|
|
(5,055)
|
|
(4,719)
|
|
(14,740)
|
|
(13,794)
|
|
Net investment
income
|
|
|
$
1,567
|
|
$
5,667
|
|
$ 46,740
|
|
$
17,521
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
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on
investments
|
|
|
|
|
$
49,760
|
|
$
40,090
|
|
$ 116,494
|
|
$
200,113
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
|
|
|
$
51,327
|
|
$
45,757
|
|
$
163,234
|
|
$
217,634
|
|
|
|
|
|
|
|
|
|
|
|
|
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Earnings per Share
Outstanding
|
|
|
|
|
|
|
|
|
|
Gross investment
income
|
|
|
|
$
0.044
|
|
$
0.070
|
|
$
0.411
|
|
$
0.209
|
Operating
expenses
|
|
|
|
|
(0.033)
|
|
(0.032)
|
|
(0.098)
|
|
(0.092)
|
|
Net investment
income
|
|
|
$
0.011
|
|
$
0.038
|
|
$
0.313
|
|
$
0.117
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
|
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on
investments
|
|
|
|
|
$
0.336
|
|
$
0.266
|
|
$
0.779
|
|
$
1.335
|
|
Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
from
operations
|
|
|
|
$
0.347
|
|
$
0.304
|
|
$
1.092
|
|
$
1.452
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Net Asset Value at
July 31
|
|
|
|
|
|
|
|
|
|
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Net
assets
|
|
|
|
|
|
|
|
$ 1,823,350
|
|
$ 1,733,604
|
|
Shares
outstanding
|
|
|
|
|
|
|
149,444
|
|
149,723
|
|
Net asset value per
share outstanding
|
|
|
|
|
$
12.20
|
|
$
11.58
|
|
|
|
|
|
|
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|
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Market Value
Summary
|
|
|
|
|
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|
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|
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Market price on NYSE
at July 31
|
|
|
|
|
|
$
11.51
|
|
$
10.51
|
|
High market price
(period ended July 31)
|
|
|
|
|
$
11.94
|
|
$
10.78
|
|
Low market price
(period ended July 31)
|
|
|
|
|
$
10.50
|
|
$
9.08
|
|
|
|
|
|
|
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SOURCE Eaton Vance Management