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

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

PR Newswire

BOSTON, June 14, 2013

BOSTON, June 14, 2013 /PRNewswire/ --Eaton Vance Risk-Managed Diversified
Equity Income Fund (NYSE: ETJ), a diversified closed-end management investment
company, today announced the earnings of the Fund for the three months ended
March 31, 2013. The Fund's fiscal year ends on December 31, 2013.

For the three months ended March 31, 2013, the Fund had net investment income
of $1,514,643 ($0.022 per common share). In comparison, for the three months
ended March 31, 2012, the Fund had net investment income of $2,224,855 ($0.030
per common share).

Net realized and unrealized gains for the three months ended March 31, 2013
were $48,495,369 ($0.692 per common share). In comparison, net realized and
unrealized gains for the three months ended March 31, 2012 were $13,359,988
($0.183 per common share).

On March 31, 2013, net assets of the Fund were $866,116,119. The net asset
value per common share on March 31, 2013 was $12.39 based on 69,892,583 common
shares outstanding. In comparison, on March 31, 2012, net assets of the Fund
were $914,500,222. The net asset value per common share on March 31, 2012 was
$12.53 based on 72,958,783 common 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 $260.3 billion in assets as of April 30, 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 RISK-MANAGED DIVERSIFIED EQUITY INCOME FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                                           Three Months Ended
                                           March 31,
                                           2013              2012
Gross investment income                    $     3,868  $     4,692
Operating expenses                         (2,353)           (2,467)
  Net investment income                    $     1,515  $     2,225
Net realized and unrealized gains (losses)
 on investments                           $    48,495    $    13,360
  Net increase (decrease) in net assets
   from operations                        $    50,010    $    15,585
Earnings per Common Share Outstanding
Gross investment income                    $     0.055  $     0.064
Operating expenses                         (0.033)           (0.034)
  Net investment income                    $     0.022  $     0.030
Net realized and unrealized gains (losses)
 on investments                           $     0.692  $     0.183
  Net increase (decrease) in net assets
   from operations                        $     0.714  $     0.213
Net Asset Value at March 31 (Common
Shares)
  Net assets                              $   866,116     $   914,500
  Shares outstanding                      69,893            72,959
  Net asset value per share outstanding    $     12.39  $     12.53
Market Value Summary (Common Shares)
  Market price on NYSE at March 31         $     10.99  $     10.59
  High market price (period ended March    $     11.06  $     10.75
  31)
  Low market price (period ended March 31) $     10.62  $     10.53

SOURCE Eaton Vance Management

Website: http://www.eatonvance.com
Contact: Investor Contact, (800) 262-1122
 
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