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 October 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 October distribution. It is not determinative of the tax character of a Fund’s distributions for the 2022 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 October distribution and its cumulative distributions paid for its fiscal year through October 31, 2022, 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:

October- 2022

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

$0.0071

6.50%

$0.0071

6.50%

Net Realized Short-Term Capital Gains

$0.0162

14.80%

$0.0162

14.80%

Net Realized Long-Term Capital Gains

$0.0862

78.70%

$0.0862

78.70%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1095

100.00%

$0.1095

100.00%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

7.27%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

9.15%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-14.72%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

9.15%

 

 

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

Distribution Period:

October- 2022

Distribution Amount per Common Share:

$0.1373

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

$0.1115

81.20%

$0.3651

26.60%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.6233

45.40%

Return of Capital or Other Capital Source(s)

$0.0258

18.80%

$0.3846

28.00%

Total per common share

$0.1373

100.00%

$1.3730

100.00%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

7.44%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

10.66%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-30.36%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

8.00%

 

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

Distribution Period:

October- 2022

Distribution Amount per Common Share:

$0.0760

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

$0.0038

5.00%

$0.0278

3.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0722

95.00%

$0.7177

94.40%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0145

1.90%

Total per common share

$0.0760

100.00%

$0.7600

100.00%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

5.08%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

11.57%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-18.08%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

8.68%

 

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

Distribution Period:

October- 2022

Distribution Amount per Common Share:

$0.1626

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

$0.0660

40.60%

$0.5737

29.40%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0966

59.40%

$1.3775

70.60%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1626

100.00%

$1.9512

100.00%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

6.87%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

8.97%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-18.54%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

8.22%

 

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

Distribution Period:

October- 2022

Distribution Amount per Common Share:

$0.1792

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

$0.1143

63.80%

$0.7139

33.20%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0649

36.20%

$1.4365

66.80%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1792

100.00%

$2.1504

100.00%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

5.25%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

10.41%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-29.04%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

9.55%

 

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

Distribution Period:

October- 2022

Distribution Amount per Common Share:

$0.1080

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

$0.0114

10.60%

$0.0659

6.10%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.1814

16.80%

Net Realized Long-Term Capital Gains

$0.0966

89.40%

$0.8327

77.10%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1080

100.00%

$1.0800

100.00%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

3.32%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

10.42%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-19.29%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

7.81%

 

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

Distribution Period:

October- 2022

Distribution Amount per Common Share:

$0.1108

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

$0.0082

7.40%

$0.0343

3.10%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0196

17.70%

$0.2992

27.00%

Return of Capital or Other Capital Source(s)

$0.0830

74.90%

$0.7745

69.90%

Total per common share

$0.1108

100.00%

$1.1080

100.10%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

4.82%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

11.34%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-21.90%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

8.50%

 

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

Distribution Period:

October- 2022

Distribution Amount per Common Share:

$0.0929

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

$0.0065

7.00%

$0.0546

4.90%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0864

93.00%

$1.0602

95.10%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.0%

Total per common share

$0.0929

100.00%

$1.1148

100.0%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

6.54%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

10.45%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-19.48%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

9.58%

 

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

Distribution Period:

October- 2022

Distribution Amount per Common Share:

$0.0727

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

$0.0117

16.10%

$0.0798

11.00%

Net Realized Short-Term Capital Gains

$0.0029

4.00%

$0.1657

22.80%

Net Realized Long-Term Capital Gains

$0.0581

79.90%

$0.4815

66.20%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0727

100.00%

$0.7270

100.00%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

1.61%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

11.10%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-22.79%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

8.32%

 

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

Distribution Period:

October- 2022

Distribution Amount per Common Share:

$0.1300

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

$0.0803

61.80%

$0.5084

32.60%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0497

38.20%

$1.0516

67.40%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1300

100.00%

$1.5600

100.00%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

3.87%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

10.46%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-28.83%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

9.59%

 

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

Distribution Period:

October- 2022

Distribution Amount per Common Share:

$0.0689

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

$0.0113

16.30%

$0.0670

8.10%

Net Realized Short-Term Capital Gains

$0.0022

3.20%

$0.1042

12.60%

Net Realized Long-Term Capital Gains

$0.0554

80.50%

$0.6556

79.30%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0689

100.00%

$0.8268

100.00%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

4.46%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

11.22%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-22.59%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

10.28%

 

Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD)

Distribution Period:

October- 2022

Distribution Amount per Common Share:

$0.0708

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

3.10%

$0.0042

0.60%

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)

$0.0686

96.90%

$0.7038

99.40%

Total per common share

$0.0708

100.00%

$0.7080

100.00%

 

Average annual total return at NAV for the 5-year period ended on September 30, 2022 1

1.64%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2022 2

9.65%

Cumulative total return at NAV for the fiscal year through September 30, 2022 3

-22.45%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2022 4

7.24%

 

 

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 September 30, 2022

2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund’s NAV as of September 30, 2022

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 September 30, 2022

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 September 30, 2022 measured on the dollar value of the

distributions in year-to-date period as a percentage of the Fund’s NAV as of September 30, 2022

 

Contacts

Investor Contact: (800) 262-1122