2014

Eaton Vance Tax-Managed Diversified Equity Income Fund Report Of Earnings

BOSTON, April 9, 2013 /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 ended January 31, 2013. The Fund's fiscal year ends on October 31, 2013.

For the three months ended January 31, 2013, the Fund had net investment income of $6,167,392 ($0.041 per share). In comparison, for the three months ended January 31, 2012, the Fund had net investment income of $4,085,494 ($0.027 per share).

Net realized and unrealized gains for the three months ended January 31, 2013 were $100,279,883 ($0.667 per share). In comparison, net realized and unrealized gains for the three months ended January 31, 2012 were $65,994,921 ($0.433 per share).

On January 31, 2013, net assets of the Fund were $1,699,233,314. The net asset value per share on January 31, 2013 was $11.34 based on 149,827,516 shares outstanding. In comparison, on January 31, 2012, net assets of the Fund were $1,677,490,337. The net asset value per share on January 31, 2012 was $11.00 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 $247.8 billion in assets as of January 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)



















Three Months Ended




Three Months Ended








January 31,




January 31,








2013




2012


Gross investment income


$        10,710




$           8,477


Operating expenses


(4,543)




(4,392)



Net investment income


$          6,167




$           4,085


Net realized and unrealized gains (losses)








  on investments


100,280




65,995



Net increase (decrease) in net assets









  from operations


$      106,447




$         70,080














Earnings per Share Outstanding








Gross investment income


$          0.071




$           0.056


Operating expenses


(0.030)




(0.029)



Net investment income 


$          0.041




$           0.027


Net realized and unrealized gains (losses)








  on investments


0.667




0.433



Net increase (decrease) in net assets









  from operations


$          0.708




$           0.460


























Net Asset Value at January 31









Net assets 


$   1,699,233




$    1,677,490



Shares outstanding 


149,828




152,472



Net asset value per share outstanding


$          11.34




$           11.00














Market Value Summary











Market price on NYSE at January 31


$          10.05




$              9.53



High market price (period ended January 31)


$          10.05




$              9.53



Low market price (period ended January 31)


$             9.08




$              8.39














 

SOURCE Eaton Vance Management



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http://www.eatonvance.com

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