Today, the New York Stock Exchange, a subsidiary of NYSE Group, Inc., (NYSE: NYX) welcomed its largest initial public offering of 2006 when it listed the common shares of closed-end fund, Eaton Vance Tax-Managed Diversified Equity Income Fund. The fund issued 131 million shares at an initial price of $20 per share, resulting in gross proceeds of $2.62 billion (exclusive of the underwriters’ overallotment shares) making it the largest closed-end fund initial public offering in history. The Fund began trading today on the New York Stock Exchange under the ticker symbol “ETY.”
Chairman and CEO James B. Hawkes commented, “We are delighted with the overwhelming reception of the fund by investors and are proud to have our stock listed on the New York Stock Exchange.”
"We are pleased to welcome the Eaton Vance Tax-Managed Diversified Equity Income Fund to our family of NYSE-listed companies,” said NYSE Group, Inc. President and co-COO Catherine R. Kinney. "We look forward to a continued partnership with Eaton Vance Corp. and providing its shareholders with an efficient trading platform and superior market quality."
To celebrate this special occasion, Eaton Vance Corp. Chairman and CEO James B. Hawkes rang today’s Opening Bell.
