BOSTON, Oct. 4 /PRNewswire/ -- Eaton Vance Tax-Managed
Diversified Equity Income Fund (NYSE: ETY) (the "Fund"), a
closed-end investment company, today announced the earnings of the
Fund for the three and nine months ended July 31, 2010. The Fund's fiscal year ends
on October 31, 2010.
For the three months ended July 31,
2010, the Fund had net investment income of $6,629,836 ($0.044
per share). For the nine months ended July
31, 2010, the Fund had net investment income of $17,404,327 ($0.115
per share). In comparison, for the three months ended
July 31, 2009, the Fund had net
investment income of $7,543,629
($0.051 per share). For the
nine months ended July 31, 2009, the
Fund had net investment income of $23,597,348 ($0.158
per share).
Net realized and unrealized losses for the three months ended
July 31, 2010 were $110,751,631 ($0.729 per share). Net realized and
unrealized gains for the nine months ended July 31, 2010 were $40,452,340 ($0.268
per share). In comparison, net realized and unrealized gains for
the three months ended July 31, 2009
were $232,930,062 ($1.556 per share). Net realized and
unrealized gains for the nine months ended July 31, 2009 were $159,677,443 ($1.067 per share).
On July 31, 2010, net assets of
the Fund were $1,810,525,872. The net
asset value per share on July 31,
2010 was $11.92 based on
151,902,343 shares outstanding. In comparison, on July 31, 2009, net assets of the Fund were
$1,913,333,624. The net asset value
per share on July 31, 2009 was
$12.78 based on 149,711,079 shares
outstanding.
The Fund is managed by Eaton Vance Management, a subsidiary of
Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment
management firms in the United
States, with a history dating back to 1924. Eaton Vance and
its affiliates managed $173.3 billion
in assets as of July 31, 2010,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
EATON VANCE TAX-MANAGED
DIVERSIFIED EQUITY INCOME FUND
SUMMARY OF RESULTS OF
OPERATIONS
(in thousands, except per share
amounts)
|
|
|
|
Three Months
Ended
|
|
Nine Months Ended
|
|
|
|
July 31,
|
|
July 31,
|
|
|
|
2010
|
|
2009
|
|
2010
|
|
2009
|
|
|
Gross investment
income
|
$
11,481
|
|
$
12,571
|
|
$
32,632
|
|
$
37,919
|
|
|
Operating expenses
|
(4,851)
|
|
(5,028)
|
|
(15,228)
|
|
(14,322)
|
|
|
Net investment income
|
$
6,630
|
|
$
7,543
|
|
$
17,404
|
|
$
23,597
|
|
|
Net realized and unrealized
gains (losses) on investments
|
$
(110,752)
|
|
$
232,930
|
|
$
40,452
|
|
$
159,677
|
|
|
Net increase (decrease) in net
assets from operations
|
$
(104,122)
|
|
$
240,473
|
|
$
57,856
|
|
$
183,274
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per Share
Outstanding
|
|
|
|
|
|
|
|
|
|
Gross investment
income
|
$
0.076
|
|
$
0.084
|
|
$
0.216
|
|
$
0.253
|
|
|
Operating
expenses
|
(0.032)
|
|
(0.033)
|
|
(0.101)
|
|
(0.095)
|
|
|
Net investment income
|
$
0.044
|
|
$
0.051
|
|
$
0.115
|
|
$
0.158
|
|
|
Net realized and unrealized
gains (losses) on investments
|
$
(0.729)
|
|
$
1.556
|
|
$
0.268
|
|
$
1.067
|
|
|
Net increase (decrease) in net
assets from operations
|
$
(0.685)
|
|
$
1.607
|
|
$
0.383
|
|
$
1.225
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Asset Value at July
31
|
|
|
|
|
|
|
|
|
|
Net assets
|
|
|
|
|
$
1,810,526
|
|
$
1,913,334
|
|
|
Shares outstanding
|
|
|
|
|
151,902
|
|
149,711
|
|
|
Net asset value per share
outstanding
|
|
|
|
|
$
11.92
|
|
$
12.78
|
|
|
|
|
|
|
|
|
|
|
|
|
Market Value Summary
|
|
|
|
|
|
|
|
|
|
Market price on NYSE at July
31
|
|
|
|
|
$
11.88
|
|
$
12.68
|
|
|
High market price (period ended
July 31)
|
|
|
|
|
$
13.94
|
|
$
12.70
|
|
|
Low market price (period ended
July 31)
|
|
|
|
|
$
10.66
|
|
$
7.87
|
|
|
|
|
|
|
|
|
|
|
SOURCE Eaton Vance Management
Copyright t. 4 PR Newswire