Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Earnings Results for Fourth Quarter and Year Ended December 31, 2014
April 17, 2015 at 08:01 pm EDT
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Eaton Vance Risk-Managed Diversified Equity Income Fund announced earnings results for fourth quarter and year ended December 31, 2014. For the three months ended December 31, 2014, the Fund had net investment income of $1,076,085 or $0.016 per common share compared to for the three months ended December 31, 2013, the Fund had net investment income of $1,456,471 or $0.021 per common share. Net realized and unrealized losses for the three months ended December 31, 2014 were $1,348,570 or $0.024 per common share, in comparison, net realized and unrealized gains for the three months ended December 31, 2013 were $53,206,899 or $0.778 per common share.
For the year ended December 31, 2014, the Fund had net investment income of $4,205,419 or $0.065 per common share compared to for the year ended December 31, 2013, the Fund had net investment income of $6,107,242 or $0.088 per common share. Net realized and unrealized gains for the year ended December 31, 2014 were $21,541,918 or $0.335 per common share, in comparison net realized and unrealized gains for the year ended December 31, 2013 were $119,925,704 or $1.734 per common share. The net asset value per common share on December 31, 2014 was $12.06, in comparison, the net asset value per common share on December 31, 2013 was $12.72.
Eaton Vance Risk-Managed Diversified Equity Income Fund (Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide income and gains, with a secondary objective of capital appreciation. The Fund invests at least 80% of its total assets in a combination of dividend-paying common stocks, common stocks the value of which is subject to written put options on individual stocks, and common stocks the value of which is subject to written index call options. The Fund intends to buy put options and write call options primarily on the Standard and Poor's 500 (S&P 500) and also buy put options and write call options on other domestic and foreign stock indices. Its portfolio of investments includes communication services, information technology, financials, healthcare, consumer discretionary, consumer staples, pharmaceuticals, insurance, telecommunication services, materials, and others. The Fund's investment advisor is Eaton Vance Management.
EATON VANCE RISK-MANAGED DIVERSIFIED EQUITY INCOME FUND 
