Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Earnings for the Second Quarter and Six Months Ended April 30, 2014
August 12, 2014 at 11:00 am EDT
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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.
Eaton Vance Tax-Managed Diversified Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. Its portfolio of investments includes aerospace and defense, automobiles, banks, beverages, building products, capital markets, containers and packaging, diversified telecommunication services, electric utilities, electrical equipment, entertainment, equity real estate investment trusts, food products, healthcare equipment and supplies, healthcare providers and services, hotels, restaurants and leisure, household products, insurance, interactive media and services, Internet and direct marketing retail, information technology services, life sciences tools and services, machinery, metals and mining, oil, gas and consumable fuels, pharmaceuticals, tobacco, and others. Investment adviser of the Fund is Eaton Vance Management.