Eaton Vance Tax-Managed Diversified Equity Income Fund announced earnings for the second quarter and six months ended April 30, 2014. For the three months ended April 30, 2014, the Fund had net investment income of $42,504,497 or $0.284 per share compared to net investment income of $5,687,055 or $0.038 per share for the same period last year. Net realized and unrealized gains were $30,070,244 or $0.198 per share compared to net realized and unrealized gains of $59,743,732 or $0.402 per share for the same period last year.

For the six months ended April 30, 2014, the Fund had net investment income of $45,172,388 or $0.302 per share compared to net investment income of $11,854,447 or $0.079 per share for the same period last year. Net realized and unrealized gains were $66,734,445 or $0.443 per share compared to net realized and unrealized gains of $160,023,615 or $1.069 per share for the same period last year. The net asset value per share on April 30, 2014 was $12.11 based on 149,444,220 shares outstanding compared to net asset value per share on April 30, 2013 was $11.53 based on 149,722,516 shares outstanding.