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

PR Newswire

BOSTON, Sept. 16, 2013 /PRNewswire/ -- Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ), a diversified closed-end investment company, today announced the earnings of the Fund for the three months and six months ended June 30, 2013. The Fund's fiscal year ends on December 31, 2013.

For the three months ended June 30, 2013, the Fund had net investment income of $1,876,947 ($0.026 per common share). For the six months ended June 30, 2013, the Fund had net investment income of $3,391,590 ($0.048 per common share). In comparison, for the three months ended June 30, 2012, the Fund had net investment income of $2,136,114 ($0.030 per common share). For the six months ended June 30, 2012, the Fund had net investment income of $4,360,969 ($0.060 per common share). 

Net realized and unrealized losses for the three months ended June 30, 2013 were $6,278,846 ($0.091 per common share) and net realized and unrealized gains for the six months ended June 30, 2013 were $42,216,523 ($0.601 per common share). In comparison, net realized and unrealized losses for the three months ended June 30, 2012 were $6,937,020 ($0.094 per common share) and net realized and unrealized gains for the six months ended June 30, 2012 were $6,422,968 ($0.089 per common share).

On June 30, 2013, net assets of the Fund were $841,006,364. The net asset value per common share on June 30, 2013 was $12.05 based on 69,782,783 common shares outstanding. In comparison, on June 30, 2012, net assets of the Fund were $889,343,814. The net asset value per common share on June 30, 2012 was $12.19 based on 72,958,783 common 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. (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 $268.8 billion in assets as of July 31, 2013, 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 RISK-MANAGED DIVERSIFIED EQUITY INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

































Three Months Ended


Six Months Ended







June 30,


June 30,







2013


2012


2013


2012

Gross investment income




$            4,267


$            4,528


$             8,135


$            9,220

Operating expenses





(2,390)


(2,392)


(4,743)


(4,859)


Net investment income



$            1,877


$            2,136


$             3,392


$            4,361

Net realized and unrealized gains (losses)









  on investments





$           (6,279)


$           (6,937)


$           42,216


$            6,423


Net increase (decrease) in net assets









  from operations




$           (4,402)


$           (4,801)


$           45,608


$          10,784














Earnings per Common Share Outstanding









Gross investment income




$            0.061


$            0.062


$             0.116


$            0.126

Operating expenses





(0.035)


(0.032)


(0.068)


(0.066)


Net investment income 



$            0.026


$            0.030


$             0.048


$            0.060

Net realized and unrealized gains (losses)









  on investments





$           (0.091)


$           (0.094)


$             0.601


$            0.089


Net increase (decrease) in net assets









  from operations




$           (0.065)


$           (0.064)


$             0.649


$            0.149



























Net Asset Value at June 30 (Common Shares)









Net assets  








$         841,006


$        889,344


Shares outstanding 







69,783


72,959


Net asset value per share outstanding





$             12.05


$            12.19














Market Value Summary (Common Shares)










Market price on NYSE at June 30






$             10.90


$            10.25


High market price (period ended June 30)





$             11.48


$            10.79


Low market price (period ended June 30)





$             10.62


$              9.89

 

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