Eaton Vance Tax-Managed Diversified Equity Income Fund Report Of Earnings

BOSTON, Aug. 12, 2014 /PRNewswire/ -- Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and six months ended April 30, 2014. The Fund's fiscal year ends on October 31, 2014.

For the three months ended April 30, 2014, the Fund had net investment income of $42,504,497 ($0.284 per share). For the six months ended April 30, 2014, the Fund had net investment income of $45,172,388 ($0.302 per share).  In comparison, for the three months ended April 30, 2013, the Fund had net investment income of $5,687,055 ($0.038 per share). For the six months ended April 30, 2013, the Fund had net investment income of $11,854,447 ($0.079 per share).    

Net realized and unrealized gains for the three months ended April 30, 2014 were $30,070,244 ($0.198 per share).  Net realized and unrealized gains for the six months ended April 30, 2014 were $66,734,445 ($0.443 per share). In comparison, net realized and unrealized gains for the three months ended April 30, 2013 were $59,743,732 ($0.402 per share).  Net realized and unrealized gains for the six months ended April 30, 2013 were $160,023,615 ($1.069 per share).

On April 30, 2014, net assets of the Fund were $1,809,816,954. The net asset value per share on April 30, 2014 was $12.11 based on 149,444,220 shares outstanding.  In comparison, on April 30, 2013, net assets of the Fund were $1,725,711,656. The net asset value per share on April 30, 2013 was $11.53 based on 149,722,516 shares outstanding.

The Fund periodically makes certain performance data and information about portfolio characteristics available on www.eatonvance.com (on the fund information page under "Individual Investors – Closed-End Funds"). Fund portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end. 

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 $293.6 billion in assets as of June 30, 2014, 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

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