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



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

PR Newswire

BOSTON, Nov. 4, 2013

BOSTON, Nov. 4, 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 and
nine months ended July 31, 2013.  The Fund's fiscal year ended on October 31,
2013.

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).  In
comparison, for the three months ended July 31, 2012, the Fund had net
investment income of $6,445,477 ($0.042 per share). For the nine months ended
July 31, 2012, the Fund had net investment income of $16,751,029 ($0.110 per
share).    

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). In
comparison, net realized and unrealized losses for the three months ended July
31, 2012 were $16,738,161 ($0.112 per share).  Net realized and unrealized
gains for the nine months ended July 31, 2012 were $115,765,130 ($0.759 per
share).

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. In comparison, on July 31, 2012, net assets of the Fund were
$1,657,209,794. The net asset value per share on July 31, 2012 was $10.87
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 $273.1 billion in assets as of September 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 TAX-MANAGED DIVERSIFIED EQUITY INCOME FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                              Three Months Ended      Nine Months Ended
                              July 31,                July 31,
                              2013       2012         2013         2012
Gross investment income       $          $            $            $          
                                10,386   10,823        31,315      29,965
Operating expenses            (4,719)    (4,378)      (13,794)     (13,214)
        Net investment        $          $            $            $          
        income                    5,667  6,445         17,521      16,751
Net realized and unrealized
gains (losses)
  on investments              $          $            $            $        
                                40,090    (16,738)     200,113     115,765
        Net increase
        (decrease) in net
        assets
          from                $          $            $            $        
        operations              45,757    (10,293)     217,634     132,516
Earnings per Share
Outstanding
Gross investment income       $          $            $            $          
                                  0.070  0.071        0.209          0.197
Operating expenses            (0.032)    (0.029)      (0.092)      (0.087)
        Net investment        $          $            $            $          
        income                    0.038  0.042        0.117          0.110
Net realized and unrealized
gains (losses)
  on investments              $          $            $            $          
                                  0.266   (0.112)     1.335          0.759
        Net increase
        (decrease) in net
        assets
          from                $          $            $            $          
        operations                0.304   (0.070)     1.452          0.869
Net Asset Value at July
31
        Net assets                                    $            $    
                                                      1,733,604    1,657,210
        Shares                                        149,723      152,472
        outstanding 
        Net asset value per                           $            $          
        share outstanding                             11.58          10.87
Market Value Summary 
        Market price on                               $            $          
        NYSE at July 31                               10.51            9.26
        High market price                             $            $          
        (period ended July                            10.78            9.88
        31)
        Low market price                              $            $          
        (period ended July                              9.08           8.39
        31)

 

 

 

SOURCE Eaton Vance Management

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