The Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) is a closed end fund whose “primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. Strategy The Fund invests in a diversified portfolio of domestic and foreign common stocks with an emphasis on dividend-paying stocks and writes (sells) S&P 500 Index call options with respect to a portion of the value of its common stock portfolio to generate current cash flow from the options premium received.”
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