Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

BOSTON–(BUSINESS WIRE)–The Eaton Vance closed-end funds listed below released today the estimated sources of their February 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 February distribution. It is not determinative of the tax character of a Fund’s distributions for the 2024 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 February distribution and its cumulative distributions paid for its fiscal year through February 29, 2024, 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:

February- 2024

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

$0.0000

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

$0.0938

85.70%

$0.5042

92.10%

Return of Capital or Other Capital Source(s)

$0.0157

14.30%

$0.0433

7.90%

Total per common share

$0.1095

100.00%

$0.5475

100.00%

 

Average annual total return at NAV for the 5-year period ended on January 31, 2024 1

12.32%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2024 2

7.47%

Cumulative total return at NAV for the fiscal year through January 31, 2024 3

14.22%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2024 4

2.49%

 

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

Distribution Period:

February- 2024

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

$0.0000

0.00%

$0.0000

0.00%

Return of Capital or Other Capital Source(s)

$0.1152

100.00%

$0.2304

100.00%

Total per common share

$0.1152

100.00%

$0.2304

100.00%

 

Average annual total return at NAV for the 5-year period ended on January 31, 2024 1

12.78%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2024 2

6.84%

Cumulative total return at NAV for the fiscal year through January 31, 2024 3

3.14%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2024 4

0.57%

 

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

Distribution Period:

February- 2024

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

$0.0000

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

$0.0000

0.00%

$0.0000

0.00%

Return of Capital or Other Capital Source(s)

$0.0579

100.00%

$0.1158

100.00%

Total per common share

$0.0579

100.00%

$0.1158

100.00%

 

Average annual total return at NAV for the 5-year period ended on January 31, 2024 1

8.77%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2024 2

7.94%

Cumulative total return at NAV for the fiscal year through January 31, 2024 3

3.80%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2024 4

0.66%

 

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

Distribution Period:

February- 2024

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

$0.0210

14.10%

$0.0929

15.60%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1278

85.90%

$0.4303

72.30%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0720

12.10%

Total per common share

$0.1488

100.00%

$0.5952

100.00%

 

Average annual total return at NAV for the 5-year period ended on January 31, 2024 1

9.85%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2024 2

7.42%

Cumulative total return at NAV for the fiscal year through January 31, 2024 3

13.84%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2024 4

1.86%

 

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

Distribution Period:

February- 2024

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

$0.0242

17.60%

$0.0573

10.40%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1132

82.40%

$0.4923

89.60%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1374

100.00%

$0.5496

100.00%

 

Average annual total return at NAV for the 5-year period ended on January 31, 2024 1

12.61%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2024 2

6.26%

Cumulative total return at NAV for the fiscal year through January 31, 2024 3

18.04%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2024 4

1.57%

 

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

Distribution Period:

February- 2024

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

$0.0049

5.30%

$0.0104

5.60%

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)

$0.0883

94.70%

$0.1760

94.40%

Total per common share

$0.0932

100.00%

$0.1864

100.00%

 

Average annual total return at NAV for the 5-year period ended on January 31, 2024 1

8.82%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2024 2

7.77%

Cumulative total return at NAV for the fiscal year through January 31, 2024 3

2.05%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2024 4

0.65%

 

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

Distribution Period:

February- 2024

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

$0.0022

2.30%

$0.0040

2.10%

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)

$0.0927

97.70%

$0.1858

97.90%

Total per common share

$0.0949

100.00%

$0.1898

100.00%

 

Average annual total return at NAV for the 5-year period ended on January 31, 2024 1

8.89%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2024 2

8.49%

Cumulative total return at NAV for the fiscal year through January 31, 2024 3

2.28%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2024 4

0.71%

 

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

Distribution Period:

February- 2024

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

$0.0000

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

$0.0805

100.0%

$0.3220

100.00%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0805

100.00%

$0.3220

100.0%

 

Average annual total return at NAV for the 5-year period ended on January 31, 2024 1

12.07%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2024 2

7.36%

Cumulative total return at NAV for the fiscal year through January 31, 2024 3

14.75%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2024 4

1.84%

 

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

Distribution Period:

February- 2024

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

$0.0066

11.30%

$0.0137

11.80%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Return of Capital or Other Capital Source(s)

$0.0516

88.70%

$0.1027

88.20%

Total per common share

$0.0582

100.00%

$0.1164

100.00%

 

Average annual total return at NAV for the 5-year period ended on January 31, 2024 1

6.94%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2024 2

7.75%

Cumulative total return at NAV for the fiscal year through January 31, 2024 3

0.29%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2024 4

0.65%

 

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

Distribution Period:

February- 2024

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

$0.0076

7.60%

$0.0156

3.90%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0825

82.40%

$0.1922

48.00%

Return of Capital or Other Capital Source(s)

$0.0100

10.00%

$0.1926

48.10%

Total per common share

$0.1001

100.00%

$0.4004

100.00%

 

Average annual total return at NAV for the 5-year period ended on January 31, 2024 1

11.78%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2024 2

6.13%

Cumulative total return at NAV for the fiscal year through January 31, 2024 3

18.61%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2024 4

1.53%

 

 

 

 

 

 

 

 

 

 

 

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

Distribution Period:

February- 2024

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

$0.0025

4.50%

$0.0124

5.60%

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)

$0.0528

95.50%

$0.2088

94.40%

Total per common share

$0.0553

100.00%

$0.2212

100.00%

 

Average annual total return at NAV for the 5-year period ended on January 31, 2024 1

10.84%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2024 2

7.49%

Cumulative total return at NAV for the fiscal year through January 31, 2024 3

13.13%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2024 4

1.87%

 

 

 

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 January 31, 2024

2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund’s NAV as of January 31, 2024

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 January 31, 2024 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 January 31, 2024 measured on the dollar value of the distributions in year-to-date period as a percentage of the Fund’s NAV as of January 31, 2024

 

Contacts

Investor Contact: (800) 262-1122