Eaton Vance Tax-Managed Diversified Equity Income Fund Reports Earnings Results for the Fourth Quarter and Year Ended October 31, 2014
February 17, 2015 at 04:31 pm
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Eaton Vance Tax-Managed Diversified Equity Income Fund reported earnings results for the fourth quarter and year ended October 31, 2014. For the quarter, the fund reported net investment income of $1,685,000 or $0.011 per share against $11,657,000 or $0.078 per share a year ago. Gross investment income was $6,639,000 or $0.045 per share against $16,339,000 or $0.109 per share a year ago. Net realized and unrealized gains were $57,202,000 or $0.378 per share against $69,080,000 or $0.463 per share a year ago. Net increase in net assets from operations was $58,887,000 or $0.389 per share against $80,737,000 or $0.541 per share a year ago.
For the year, the fund reported net investment income of $48,425,000 or $0.324 per share against $29,178,000 or $0.195 per share a year ago. Gross investment income was $68,119,000 or $0.456 per share against $47,654,000 or $0.318 per share a year ago. Net realized and unrealized gains were $173,696,000 or $1.157 per share against $269,193,000 or $1.798 per share a year ago. Net increase in net assets from operations was $222,121,000 or $1.481 per share against $298,371,000 or $1.993 per share a year ago. The net asset value per share on October 31, 2014 was $12.34. The net asset value per share on October 31, 2013 was $11.87.
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.
EATON VANCE TAX-MANAGED DIVERSIFIED EQUITY INCOME FUND 
