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Eaton Vance Tax-Managed Diversified Equity Income Fund
Ticker Symbol: ETY CUSIP: 27828N102 Exchange: NYSE
Company's Online Profile
FUND DESCRIPTION: Eaton Vance Tax-Managed Diversified Equity Income Fund is an exchange-traded closed-end fund or a closed-end ETF which is officially described in its prospectus as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund's primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. In pursuing its investment objectives, the Fund will evaluate returns on an after- tax basis, seeking to minimize and defer shareholder federal income taxes. FUND STRATEGY: Under normal market conditions, the Fund's investment program will consist primarily of owning a diversified portfolio of common stocks. The Fund will seek to earn high levels of tax-advantaged income and gains by (1) emphasizing investments in stocks that pay dividends that qualify for favorable federal income tax treatment and (2) writing (selling) stock index call options with respect to a portion of its common stock portfolio value. Call options on broad-based stock indices generally qualify for treatment as "section 1256 contracts," as defined in the Internal Revenue Code of 1986, as amended, on which capital gains and losses are generally treated as 60% long-term and 40% short-term, regardless of holding period. FUND MANAGEMENT: The Fund’s investment adviser is Eaton Vance Management. Eaton Vance has engaged Rampart Investment Management Company, Inc. as a sub-adviser of the Fund. Eaton Vance will be responsible for the Fund’s overall investment program, structuring and managing the Fund’s common stock portfolio, developing and monitoring the Fund’s options strategies, providing consultation to the Sub-Adviser and supervising the performance of the Sub-Adviser. Rampart will be responsible for providing advice on and execution of the Fund’s options strategies.
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IPO - 11/28/2006 - 131.00 Million Shares @ $20.00/share.
Link to IPO Prospectus
Large Cap Stock -
Market Value $2.5 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: The Eaton Vance Building, 255 State Street, Boston, MA 02109 |
| Main Phone Number |
800-225-6265 |
| Fax Number |
Not Available |
| Investor Contact
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800-262-1122
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| Toll Free Phone Number |
800-836-2414 |
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