Eaton Vance Risk-Managed Diversified Equity Income Fund Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
January 14, 2015 at 04:01 pm EST
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Eaton Vance Risk-Managed Diversified Equity Income Fund reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported gross investment income of $3.058 million or $0.050 per share compared to $3.634 million or $0.053 per share a year ago. Net investment income was $0.832 million or $0.014 per share compared to $1.259 million or $0.019 per share a year ago. Net decrease in net assets from operations was of $3.457 million or $0.054 per share compared to net increase in net assets from operations of $25.761 million or $0.374 per share a year ago. Net asset value was $12.35 compared to $12.16 a year ago.
For nine months, the company reported gross investment income of $9.836 million or $0.154 per share compared to $11.769 million or $0.169 per share a year ago. Net investment income was $3.129 million or $0.049 per share compared to $4.851 million or $0.067 per share a year ago. Net increase in net assets from operations was of $26.019 million or $0.408 per share compared to net increase in net assets from operations of $71.369 million or $1.023 per 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 
