Eaton Vance Tax Managed ... (NYSE:ETY)
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Eaton Vance Tax Managed Diversified Equity Income Fund (NYSE: ETY) (the “Fund”),
a diversified closed-end investment company, today announced the
earnings of the Fund for the three months ended January 31, 2008. The
Fund’s fiscal year ends on October 31, 2008.
For the three months ended January 31, 2008, the Fund had net investment
income of $16,743,413 ($0.112 per common share). In comparison, for the
period from the start of business, November 30, 2006, to January 31,
2007, the Fund had net investment income of $9,361,587 ($0.063 per
common share).
Net realized and unrealized losses for the three months ended January
31, 2008 were $218,420,855 ($1.459 per common share). In comparison, net
realized and unrealized gains for the period from the start of business,
November 30, 2006, to January 31, 2007 were $91,439,258 ($0.615 per
common share).
On January 31, 2008, net assets of the Fund applicable to common shares
were $2,662,790,947. The net asset value per common share on January 31,
2008 was $17.79 based on 149,711,079 common shares outstanding. In
comparison, on January 31, 2007, net assets of the Fund applicable to
common shares were $2,941,094,345. The net asset value per common share
on January 31, 2007 was $19.77 based on 148,755,000 common shares
outstanding.
The Fund is managed by Eaton Vance Management. Eaton Vance and its
affiliates had $152.9 billion in assets under management on January 31,
2008. Eaton Vance Management will make available periodic summary
information regarding portfolio investments. Those interested should
call Eaton Vance Management at (617) 262-1122.
EATON VANCE TAX- MANAGED DIVERSIFIED EQUITY INCOME FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended
Three Months Ended
January 31,
January 31,
2008
2007(a)
Gross investment income
$24,103
$14,264
Operating expenses
($7,360)
($4,902)
Net investment income (losses)
$16,743
$9,362
Net realized and unrealized gains (losses)
on investments
($218,421)
$91,439
Net increase (decrease) in net assets
from operations
($201,678)
$100,801
Earnings per Share Outstanding
Gross investment income
$0.161
$0.096
Operating expenses
($0.049)
(0.033)
Net investment income (losses)
$0.112
$0.063
Net realized and unrealized gains (losses)
on investments
($1.459)
$0.615
Net increase (decrease) in net assets
from operations
($1.347)
$0.678
Net Asset Value at January 31
(Common Shares)
Net assets (000)
$2,662,791
$2,941,094
Shares outstanding (000)
149,711
148,755
Net asset value per share outstanding
$17.79
$19.77
Market Value Summary (Common Shares)
Market price on NYSE at January 31
$17.05
$20.39
High market price (period ended January 31)
$17.17
$20.49
Low market price (period ended January 31)
$15.48
$20.00
(a)For the period from the start of business, November 30, 2006 to
January 31, 2007.