Eaton Vance Tax-Managed Diversified Equity Income Fund Reports Earnings Results for the Fourth Quarter and Year Ended October 31, 2013
January 21, 2014 at 10:27 am EST
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Eaton Vance Tax-Managed Diversified Equity Income Fund reported earnings results for the fourth quarter and year ended October 31, 2013. For the quarter, the fund had net investment income of $11,657,005 or $0.078 per share. In comparison three months ended October 31, 2012, the fund had net investment income of $4,267,065 or $0.028 per share. Net realized and unrealized gains in 2013 were $69,079,595 or $0.463 per share. In comparison, net realized and unrealized gains for the three months ended October 31, 2012 were $45,874,909 or $0.303 per share. Gross investment income was $16,339,000 compared to $8,791,000 for the last year.
For the year, the fund had net investment income of $29,178,297 or $0.195 per share. For the year ended October 31, 2012, the fund had net investment income of $21,018,094 or $0.138 per share. Net realized and unrealized gains for the year 2013 were $269,193,046 or $1.798 per share. In comparison, net realized and unrealized gains for the year ended October 31, 2012 were $161,640,039 or $1.062 per share. The net asset value per share on October 31, 2013 was $11.87 compared to the net asset value per share on October 31, 2012 was $10.96. Gross investment income was $47,654,000 compared to $38,756,000 for the last year.
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.