Company: ETY
Filing Date: 2025-02-14
Form Type: N-2ASR
Source: 0001193125-25-026876
Chunk: 39

Company: Eaton Vance Tax-Managed Diversified Equity Income Fund
Filing Date: 2025-02-14
Form: N-2ASR
Chunk 39
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 difficult to acquire control of the Fund or to change the composition of its Board. See “Description of Capital Structure - Certain Provisions of the Organizational Documents - Anti-Takeover Provisions in the Organizational Documents.”

Summary of Fund Expenses The table below shows Fund expenses as a percentage of net assets attributable to Common Shares for the year ended October 31, 2024.

| Common Shareholder Transaction Expenses                    
 Sales Load Paid By You (as a percentage of offering price) 
 Offering Expenses (as a percentage of offering price)      |     |   |    — 
    — | (1) 
 (2) |
|:-----------------------------------------------------------|:----|:--|-----:|----:|
| Dividend Reinvestment Plan Fees                            |     | $ | 5.00 |  -3 |

| Annual Expenses                      |     | -4 |      |    |
| Investment Adviser Fee               |     |    | 0.99 | -5 |
| Other Expenses                       |     |    | 0.07 |  % |
| Total Annual Fund Operating Expenses |     |    | 1.06 |  % |

| (1) | If Common Shares are sold to or through underwriters, the Prospectus Supplement will set forth any applicable sales load. |

| (2) | The Prospectus Supplement will disclose the estimated amount of offering expenses, the offering price and the offering expenses borne by the Fund and indirectly by all of its Common Shareholders as a percentage of the offering price. Offering expenses generally include, but are not limited to, the preparation, review and filing with the SEC of the Fund’s registration statement (including its current Prospectus Supplement, the Prospectus and the Statement of Additional Information (“SAI”)), the preparation, review and filing of any associated marketing or similar materials, costs associated with the printing, mailing or other distribution of its current Prospectus Supplement, the Prospectus, SAI and/or marketing materials, associated filing fees, stock exchange listing fees, and legal and auditing fees associated with the Offering. |

| (3) | You will be charged a $5.00 service charge and pay brokerage charges if you direct the plan agent to sell your Common Shares held in a dividend reinvestment account. |

| (4) | Stated as a percentage of average net assets attributable to Common Shares for the year ended October 31, 2024. |

| (5) | The investment adviser fee paid by the Fund to Eaton Vance Management (“EVM”)