Eaton Vance Risk-Managed Diversified Equity Income Fund Reports Earnings Results for the Three Months and Six Months Ended June 30, 2012
September 07, 2012 at 01:18 pm
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Eaton Vance Risk-Managed Diversified Equity Income Fund reported earnings results for the three months and six months ended June 30, 2012. For the three months, net investment income was $2,136,114 or $0.030 per common share against $1,461,295 or $0.020 per common share a year ago. Net realized and unrealized losses were $6,937,020 or $0.094 per common share against $6,240,939 or $0.083 per common share a year ago. Net decrease in net assets from operations was $4,801,000 or $0.064 per share against $4,780,000 or $0.063 per share a year ago.
For the six months, net investment income was $4,360,969 or $0.060 per common share against $2,357,081 or $0.032 per common share a year ago. Net realized and unrealized gains were $6,422,968 or $0.089 per common share against $1,075,352 or $0.017 per common share a year ago. Net increase in net assets from operations was $10,784,000 or $0.149 per share against $3,432,000 or $0.049 per share a year ago. On June 30, 2012, net assets of the Fund were $889,343,814. The net asset value per common share on June 30, 2012 was $12.19 based on 72,958,783 common shares outstanding. In comparison, on June 30, 2011, net assets of the Fund were $1,012,793,940. The net asset value per common share on June 30, 2011 was $13.88 based on 72,958,783 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 
