Eaton Vance Risk-Managed Diversified Equity Income Fund Report of Earnings

BOSTON, Dec. 23, 2010 /PRNewswire-FirstCall/ -- Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ), a diversified closed-end investment company, today announced the earnings of the Fund for the three and nine-month periods ended September 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended September 30, 2010, the Fund had net investment income of $1,949,872 ($0.027 per common share). For the nine months ended September 30, 2010, the Fund had net investment income of $6,215,100 ($0.086 per common share).  In comparison, for the three months ended September 30, 2009, the Fund had net investment income of $2,361,846 ($0.033 per common share). For the nine months ended September 30, 2009, the Fund had net investment income of $9,134,363 ($0.128 per common share).  

Net realized and unrealized gains for the three months ended September 30, 2010 were $17,181,713 ($0.229 per common share) and net realized and unrealized losses for the nine months ended September 30, 2010 were $49,347,013 ($0.680 per common share). In comparison, net realized and unrealized gains for the three months ended September 30, 2009 were $54,120,483 ($0.770 per common share) and net realized and unrealized gains for the nine months ended September 30, 2009 were $26,749,244 ($0.375 per common share).

On September 30, 2010, net assets of the Fund were $1,055,810,564.  The net asset value per common share on September 30, 2010 was $14.47 based on 72,958,783 shares outstanding.  In comparison, on September 30, 2009, net assets of the Fund were $1,183,175,884.  The net asset value per common share on September 30, 2009 was $16.48 based on 71,785,516 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 $185.2 billion in assets as of October 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.

SOURCE Eaton Vance Management

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED