BOSTON, Dec. 21 /PRNewswire-FirstCall/ -- Eaton Vance Risk-Managed Diversified Equity Income Fund , a diversified closed-end investment company, today announced the earnings of the Fund for the three months ended September 30, 2009 and the nine months ended September 30, 2009. The Fund's fiscal year ends on December 31, 2009.
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). In comparison, for the three months ended September 30, 2008, the Fund had net investment income of $2,028,488 ($0.029 per common share). For the nine months ended September 30, 2008, the Fund had net investment income of $8,371,227 ($0.119 per common share).
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). In comparison, net realized and unrealized losses for the three months ended September 30, 2008 were $22,186,519 ($0.319 per common share) and net realized and unrealized losses for the nine months ended September 30, 2008 were $26,008,010 ($0.370 per common share).
On September 30, 2009, net assets of the Fund were $1,183,175,884. The net asset value per share on September 30, 2009 was $16.48 based on 71,785,516 shares outstanding. In comparison, on September 30, 2008, net assets of the Fund were $1,298,033,472. The net asset value per common share on September 30, 2008 was $18.40 based on 70,539,727 common shares outstanding.
The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. , 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 $154.9 billion in assets as of October 31, 2009, offering individuals and institutions a broad array of investment products 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 http://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 Nine Months Ended September 30, September 30, --------- --------- 2009 2008 2009 2008 ---- ---- ---- ---- Gross investment income $5,690 $5,534 $18,628 $19,043 Operating expenses ($3,328) ($3,506) ($9,494) ($10,672) ------- ------- ------- -------- Net investment income $2,362 $2,028 $9,134 $8,371 Net realized and unrealized gains (losses) on investments $54,120 ($22,187) $26,749 ($26,008) ------- -------- ------- -------- Net increase (decrease) in net assets from operations $56,482 ($20,159) $35,883 ($17,637) ======= ======== ======= ======== Earnings per Share Outstanding ------------------------------ Gross investment income $0.079 $0.079 $0.261 $0.271 Operating expenses ($0.046) ($0.050) ($0.133) ($0.152) ------- ------- ------- ------- Net investment income $0.033 $0.029 $0.128 $0.119 Net realized and unrealized gains (losses) on investments $0.770 ($0.319) $0.375 ($0.370) ------ ------- ------ ------- Net increase (decrease) in net assets from operations $0.803 ($0.290) $0.503 ($0.251) ====== ======= ====== ======= Net Asset Value at September 30 (Common Shares) --------------------- Net assets $1,183,176 $1,298,033 Shares outstanding 71,786 70,540 Net asset value per share outstanding $16.48 $18.40 Market Value Summary (Common Shares ) -------------------- Market price on NYSE at September 30 $17.00 $16.54 High market price (period ended September 30) $18.00 $19.38 Low market price (period ended September 30) $14.77 $15.64
Eaton Vance Management
CONTACT: Investor Contact of Eaton Vance Management, +1-800-262-1122
Web Site: http://www.eatonvance.com/
