Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

The Eaton Vance closed-end funds listed below released today the estimated sources of their August distributions (each a “Fund”). This press release is issued as required by the Funds’ managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the August distribution. It is not determinative of the tax character of a Fund’s distributions for the 2023 calendar year. Shareholders should note that each Fund’s total regular distribution amount is subject to change as a result of market conditions or other factors.

IMPORTANT DISCLOSURE: You should not draw any conclusions about each Fund’s investment performance from the amount of this distribution or from the terms of each Fund’s Plan. Each Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in each Fund is paid back to you. A return of capital distribution does not necessarily reflect each Fund’s investment performance and should not be confused with “yield” or “income.” The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and/or tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The following tables set forth estimates of the sources of each Fund’s August distribution and its cumulative distributions paid for its fiscal year through August 31, 2023, and information relating to each Fund’s performance based on its net asset value (NAV) for certain periods.

 

Eaton Vance Enhanced Equity Income Fund (NYSE: EOI)

Distribution Period:

August- 2023

Distribution Amount per Common Share:

$0.1095

Distribution Frequency:

Monthly

Fiscal Year End:

September

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0033

3.00%

$0.0494

4.10%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1062

97.00%

$0.7745

64.30%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.3806

31.60%

Total per common share

$0.1095

100.00%

$1.2045

100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2023 1

9.46%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023 2

7.78%

Cumulative total return at NAV for the fiscal year through July 31, 2023 3

26.02%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2023 4

6.49%

Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS)

Distribution Period:

August- 2023

Distribution Amount per Common Share:

$0.1152

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0000

0.00%

$0.0000

0.00%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1152

100.00%

$0.9216

100.00%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1152

100.00%

$0.9216

100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2023 1

10.12%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023 2

7.22%

Cumulative total return at NAV for the fiscal year through July 31, 2023 3

27.51%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2023 4

4.21%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ)

Distribution Period:

August- 2023

Distribution Amount per Common Share:

$0.0579

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0004

0.70%

$0.0144

3.10%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0170

29.30%

$0.0171

3.70%

Return of Capital or Other Capital Source(s)

$0.0405

70.00%

$0.4317

93.20%

Total per common share

$0.0579

100.00%

$0.4632

100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2023 1

6.85%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023 2

8.05%

Cumulative total return at NAV for the fiscal year through July 31, 2023 3

13.59%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2023 4

4.70%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT)

Distribution Period:

August- 2023

Distribution Amount per Common Share:

$0.1488

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0409

27.50%

$0.3169

21.30%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1079

72.50%

$1.1711

78.70%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1488

100.00%

$1.4880

100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2023 1

8.69%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023 2

7.20%

Cumulative total return at NAV for the fiscal year through July 31, 2023 3

10.34%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2023 4

5.40%

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO)

Distribution Period:

August- 2023

Distribution Amount per Common Share:

$0.1374

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.1151

83.80%

$0.5385

39.20%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0223

16.20%

$0.8355

60.80%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1374

100.00%

$1.3740

100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2023 1

9.69%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023 2

6.37%

Cumulative total return at NAV for the fiscal year through July 31, 2023 3

24.46%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2023 4

4.77%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB)

Distribution Period:

August- 2023

Distribution Amount per Common Share:

$0.0932

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0062

6.60%

$0.0559

7.50%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0870

93.40%

$0.2505

33.60%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.4392

58.90%

Total per common share

$0.0932

100.00%

$0.7456

100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2023 1

6.57%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023 2

7.78%

Cumulative total return at NAV for the fiscal year through July 31, 2023 3

15.19%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2023 4

4.54%

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV)

Distribution Period:

August- 2023

Distribution Amount per Common Share:

$0.0949

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0026

2.70%

$0.0269

3.50%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0511

53.90%

$0.0524

6.90%

Return of Capital or Other Capital Source(s)

$0.0412

43.40%

$0.6799

89.60%

Total per common share

$0.0949

100.00%

$0.7592

100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2023 1

6.93%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023 2

8.51%

Cumulative total return at NAV for the fiscal year through July 31, 2023 3

16.55%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2023 4

4.96%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY)

Distribution Period:

August- 2023

Distribution Amount per Common Share:

$0.0805

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0023

2.80%

$0.0362

4.50%

Net Realized Short-Term Capital Gains

$0.0305

37.90%

$0.0306

3.80%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.6625

82.30%

Return of Capital or Other Capital Source(s)

$0.0477

59.30%

$0.0757

9.4%

Total per common share

$0.0805

100.00%

$0.8050

100.0%

Average annual total return at NAV for the 5-year period ended on July 31, 2023 1

8.97%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023 2

7.67%

Cumulative total return at NAV for the fiscal year through July 31, 2023 3

17.96%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2023 4

5.75%

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)

Distribution Period:

August- 2023

Distribution Amount per Common Share:

$0.0582

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0070

12.10%

$0.0568

12.20%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0512

87.90%

$0.0852

18.30%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.3236

69.50%

Total per common share

$0.0582

100.00%

$0.4656

100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2023 1

5.16%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023 2

7.62%

Cumulative total return at NAV for the fiscal year through July 31, 2023 3

14.89%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2023 4

4.45%

Eaton Vance Tax-Advantaged Global Dividend Income (NYSE: ETG)

Distribution Period:

August- 2023

Distribution Amount per Common Share:

$0.1001

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.1001

100.00%

$0.4084

40.80%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.3343

33.40%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.2583

25.80%

Total per common share

$0.1001

100.00%

$1.0010

100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2023 1

8.72%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023 2

6.29%

Cumulative total return at NAV for the fiscal year through July 31, 2023 3

26.15%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2023 4

4.71%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG)

Distribution Period:

August- 2023

Distribution Amount per Common Share:

$0.0553

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current Distribution

Cumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal Year-to-Date

Net Investment Income

$0.0096

17.40%

$0.0659

11.90%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Return of Capital or Other Capital Source(s)

$0.0457

82.60%

$0.4871

88.10%

Total per common share

$0.0553

100.00%

$0.5530

100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2023 1

8.49%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023 2

7.47%

Cumulative total return at NAV for the fiscal year through July 31, 2023 3

21.12%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2023 4

5.60%

1 Average annual total return at NAV represents the change in NAV of the Fund, with all distributions reinvested, for the 5-year period ended on July 31, 2023

2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of July 31, 2023

3 Cumulative total return at NAV is the percentage change in the Fund's NAV for the period from the beginning of its fiscal year to July 31, 2023 including distributions paid and assuming reinvestment of those distributions.

4 Cumulative fiscal year distribution rate for the period from the beginning of its fiscal year to July 31, 2023 measured on the dollar value of the distributions in year-to-date period as a percentage of the Fund's NAV as of July 31, 2023

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230831777254/en/

Investor Contact: [phone]