Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
March 13, 2014 at 11:32 am EDT
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Eaton Vance Risk-Managed Diversified Equity Income Fund announced earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the fund reported net investment income of $1,456,471 or $0.021 per common share compared with net investment income of $3,476,671 or $0.049 per common share a year ago. Net realized and unrealized gains for the quarter were $53,208,000 or $0.778 per common share compared with net realized and unrealized losses of $9,674,000 or $0.132 per common share for the three months ended December 31, 2012. Net increase in net assets from operations was $54,664,000 or $0.799 per common share compared with net decrease in net assets from operations of $6,197,000 or $0.083 per common share a year ago.
For the year, the fund reported net investment income of $6,107,242 or $0.088 per common share compared with net investment income of $9,494,591 or $0.131 per common share a year ago. Net realized and unrealized gains for the year were $119,925,704 or $1.734 per common share compared with net realized and unrealized gains of $20,484,637 or $0.281 per common share for the year ended December 31, 2012. The net asset value per common share on December 31, 2013 was $12.72. Net increase in net assets from operations was $126,033,000 or $1.822 per common share compared with $29,980,000 or $0.412 per common share a year ago.
Eaton Vance Risk-Managed Diversified Equity Income Fund (Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide income and gains, with a secondary objective of capital appreciation. The Fund invests at least 80% of its total assets in a combination of dividend-paying common stocks, common stocks the value of which is subject to written put options on individual stocks, and common stocks the value of which is subject to written index call options. The Fund intends to buy put options and write call options primarily on the Standard and Poor's 500 (S&P 500) and also buy put options and write call options on other domestic and foreign stock indices. Its portfolio of investments includes communication services, information technology, financials, healthcare, consumer discretionary, consumer staples, pharmaceuticals, insurance, telecommunication services, materials, and others. The Fund's investment advisor is Eaton Vance Management.
EATON VANCE RISK-MANAGED DIVERSIFIED EQUITY INCOME FUND 
