Eaton Vance Tax-Managed Diversified Equity Income Fund announced earnings results for the first quarter ended January 31, 2014. For the quarter, the company reported net investment income of $2,668,000 or $0.018 per share. In comparison, for the three months ended January 31, 2013, the fund had net investment income of $6,167,000 or $0.041 per share.

Net realized and unrealized gains were $36,664,000 or $0.245 per share. In comparison, net realized and unrealized gains for the three months ended January 31, 2013 were $100,280,000 or $0.667 per share. The net asset value per share on January 31, 2014 was $11.88 compared to $11.34 as on January 31, 2013.

Net increase in net assets from operations was $39,332,000 or $0.263 per share against $106,447,000 or $0.708 per share a year ago.