Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

BOSTON, Oct. 30, 2020 /PRNewswire/ -- 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 2020 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 30, 2020, 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- 2020




Distribution Amount per Common Share: 

$0.0898




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

$0.0070

7.80%

$0.0070

7.80%

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)

$0.0828

92.20%

$0.0828

92.20%

Total per common share

$0.0898

100.00%

$0.0898

100.00%






Average annual total return at NAV for the 5-year period ended on September 30, 2020 1

11.25%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

6.87%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


12.08%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

6.87%












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




Distribution Period: 

October- 2020




Distribution Amount per Common Share: 

0.0988




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

$0.0676

68.40%

$0.0682

6.90%

Return of Capital or Other Capital Source(s)

$0.0312

31.60%

$0.9198

93.10%

Total per common share

$0.0988

100.00%

$0.9880

100.00%






Average annual total return at NAV for the 5-year period ended on September 30, 2020 1

14.74%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

6.25%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


13.41%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

4.16%







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




Distribution Period: 

October- 2020




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

$0.0062

8.10%

$0.0593

7.80%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0228

3.00%

Return of Capital or Other Capital Source(s)

$0.0698

91.90%

$0.6779

89.20%

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, 2020 1

8.15%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

9.33%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


12.52%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

7.00%







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




Distribution Period: 

October- 2020




Distribution Amount per Common Share: 

$0.1450




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

$0.0883

60.90%

$0.6438

37.00%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0567

39.10%

$1.0962

63.00%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1450

100.00%

$1.7400

100.00%






Average annual total return at NAV for the 5-year period ended on September 30, 2020 1

9.28%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

8.19%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


-5.79%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

7.51%







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



Distribution Period: 

October- 2020




Distribution Amount per Common Share: 

$0.1425




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

$0.0549

38.50%

$0.3638

18.80%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0876

61.50%

$1.5712

81.20%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1425

100.00%

$1.9350

100.00%






Average annual total return at NAV for the 5-year period ended on September 30, 2020 1

10.92%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

7.34%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


6.02%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

7.69%







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




Distribution Period: 

October- 2020




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

$0.0084

7.80%

$0.0961

8.90%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.2560

23.70%

Return of Capital or Other Capital Source(s)

$0.0996

92.20%

$0.7279

67.40%

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, 2020 1

6.92%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

9.44%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


-3.36%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

7.08%







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




Distribution Period: 

October- 2020




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

$0.0048

4.30%

$0.0532

4.80%

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)

$0.1060

95.70%

$1.0548

95.20%

Total per common share

$0.1108

100.00%

$1.1080

100.00%






Average annual total return at NAV for the 5-year period ended on September 30, 2020 1

8.77%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

9.83%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


-0.48%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

7.38%







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




Distribution Period: 

October- 2020




Distribution Amount per Common Share: 

$0.0843




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

$0.0089

10.50%

$0.0941

9.30%

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)

$0.0754

89.50%

$0.9175

90.7%

Total per common share

$0.0843

100.00%

$1.0116

100.0%






Average annual total return at NAV for the 5-year period ended on September 30, 2020 1

10.49%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

8.43%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


9.87%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

7.73%







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



Distribution Period: 

October- 2020




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

$0.0061

8.40%

$0.0684

9.40%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0653

89.80%

$0.3453

47.50%

Return of Capital or Other Capital Source(s)

$0.0013

1.80%

$0.3133

43.10%

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, 2020 1

6.50%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

9.12%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


-1.48%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

6.84%







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




Distribution Period: 

October- 2020




Distribution Amount per Common Share: 

$0.1025




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

$0.1025

100.00%

$1.2300

100.00%

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)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1025

100.00%

$1.2300

100.00%






Average annual total return at NAV for the 5-year period ended on September 30, 2020 1

8.79%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

7.30%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


3.79%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

6.69%







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



Distribution Period: 

October- 2020




Distribution Amount per Common Share: 

$0.0616




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

$0.0047

7.60%

$0.0473

6.40%

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)

$0.0569

92.40%

$0.6919

93.60%

Total per common share

$0.0616

100.00%

$0.7392

100.00%






Average annual total return at NAV for the 5-year period ended on September 30, 2020 1

8.12%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

8.82%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


5.17%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

8.09%







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




Distribution Period: 

October- 2020




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

$0.0017

2.40%

$0.0198

2.80%

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)

$0.0691

97.60%

$0.6882

97.20%

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, 2020 1

1.15%


Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 2

8.57%


Cumulative total return at NAV for the fiscal year through September 30, 2020 3


0.77%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 4

6.43%












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, 2020





2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of September 30 ,2020

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, 2020

   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, 2020 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, 2020


 

Cision View original content:http://www.prnewswire.com/news-releases/eaton-vance-closed-end-funds-release-estimated-sources-of-distributions-301163908.html

SOURCE Eaton Vance Management

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