Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
December 14, 2012 at 12:51 pm
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Eaton Vance Risk-Managed Diversified Equity Income Fund announced earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net investment income of $1,657,000 or $0.022 per common share compared to $1,342,000 or $0.019 per common share a year ago. Net realized and unrealized gains on investments was $23,736,000 or $0.324 per common share compared to net realized and unrealized losses on investments of $63,607,000 or $0.874 per common share a year ago. Net increase in net assets from operations was $25,393,000 or $0.346 per common share compared to net decrease in net assets from operations of $62,265,000 or $0.855 per common share a year ago.
For the nine months, the company reported net investment income of $6,018,000 or $0.082 per common share compared to $3,699,000 or $0.051 per common share a year ago. Net realized and unrealized gains on investments was $30,159,000 or $0.413 per common share compared to net realized and unrealized losses on investments of $62,532,000 or $0.857 per common share a year ago. Net increase in net assets from operations was $36,177,000 or $0.495 per common share compared to net decrease in net assets from operations of $58,833,000 or $0.806 per common share a year ago. The net asset value per common share on September 30, 2012 was $12.27 based on 72,416,383 common shares outstanding.
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 
