Company: ETY
Filing Date: 2025-02-14
Form Type: N-2ASR
Source: 0001193125-25-026876
Chunk: 114

Company: Eaton Vance Tax-Managed Diversified Equity Income Fund
Filing Date: 2025-02-14
Form: N-2ASR
Chunk 114
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      | 23 |
| Portfolio Trading                                                |     |      | 24 |
| Taxes                                                            |     |      | 27 |
| Other Information                                                |     |      | 34 |
| Custodian                                                        |     |      | 34 |
| Independent Registered Public Accounting Firm                    |     |      | 34 |
| Control Persons and Principal Holders of Securities              |     |      | 34 |
| Potential Conflicts of Interest                                  |     |      | 35 |
| Incorporation by Reference                                       |     |      | 42 |
| Financial Statements                                             |     |      | 43 |
| APPENDIX A: Ratings                                              |     |      | 44 |
| APPENDIX B: Eaton Vance Funds Proxy Voting Policy and Procedures |     |      | 53 |
| APPENDIX C: Adviser Proxy Voting Policies and Procedures         |     |      | 55 |

**THIS STATEMENT OF ADDITIONAL INFORMATION (“SAI”) IS NOT A PROSPECTUS AND IS AUTHORIZED FOR DISTRIBUTION TO PROSPECTIVE INVESTORS ONLY IF PRECEDED OR ACCOMPANIED BY THE PROSPECTUS OF EATON VANCE TAX-MANAGED DIVERSIFIED EQUITY INCOME FUND (THE “FUND”) DATED FEBRUARY 14, 2025 (THE “PROSPECTUS”) AS SUPPLEMENTED FROM TIME TO TIME, WHICH IS INCORPORATED HEREIN BY REFERENCE. THIS SAI SHOULD BE READ IN CONJUNCTION WITH SUCH PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED WITHOUT CHARGE BY CONTACTING YOUR FINANCIAL INTERMEDIARY OR CALLING THE FUND AT 1-800-262-1122.

Capitalized terms used in this SAI and not otherwise defined have the meanings given them in the Fund’s Prospectus and any related Prospectus Supplements.**

### ADDITIONAL INVESTMENT INFORMATION AND RESTRICTIONS
Primary investment strategies are described in the Prospectus. The following is a description of the various investment policies that may be engaged in, whether as a primary or secondary strategy, and a summary of certain attendant risks.

Equity Investments. As described in the Prospectus, under normal market conditions, the Fund invests primarily in common stocks.

Preferred Stocks. The Fund may invest in preferred stocks of both domestic and foreign issuers. Under normal market conditions, the Fund expects, with respect to that portion of its total assets invested in preferred stocks, to