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Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

BOSTON, March 31, 2021 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their March 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 March distribution.  It is not determinative of the tax character of a Fund's distributions for the 2021 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 March distribution and its cumulative distributions paid for its fiscal year through March 31, 2021, 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: 

March- 2021




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

$0.0056

6.20%

$0.0296

5.50%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0842

93.80%

$0.2177

40.40%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.2915

54.10%

Total per common share

$0.0898

100.00%

$0.5388

100.00%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

13.75%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

6.37%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


11.00%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

2.65%







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




Distribution Period: 

March- 2021




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

$0.0988

100.00%

$0.2964

100.00%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0988

100.00%

$0.2964

100.00%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

18.63%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

5.52%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


2.30%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

0.92%







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




Distribution Period: 

March- 2021




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

$0.0026

3.40%

$0.0078

3.40%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0096

12.60%

$0.0096

4.20%

Return of Capital or Other Capital Source(s)

$0.0638

84.00%

$0.2106

92.40%

Total per common share

$0.0760

100.00%

$0.2280

100.00%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

10.10%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

9.04%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


1.62%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

1.51%







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




Distribution Period: 

March- 2021




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

$0.0444

30.60%

$0.2388

32.90%

Net Realized Short-Term Capital Gains

$0.0072

5.00%

$0.0900

12.40%

Net Realized Long-Term Capital Gains

$0.0934

64.40%

$0.3962

54.70%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1450

100.00%

$0.7250

100.00%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

13.84%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

6.82%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


24.43%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

2.27%







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



Distribution Period: 

March- 2021




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

$0.0331

23.20%

$0.1361

19.10%

Net Realized Short-Term Capital Gains

$0.0454

31.90%

$0.5066

71.10%

Net Realized Long-Term Capital Gains

$0.0640

44.90%

$0.0698

9.80%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1425

100.00%

$0.7125

100.00%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

15.66%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

6.25%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


25.04%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

2.08%







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




Distribution Period: 

March- 2021




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

$0.0055

5.10%

$0.0156

4.80%

Net Realized Short-Term Capital Gains

$0.0745

69.00%

$0.0745

23.00%

Net Realized Long-Term Capital Gains

$0.0280

25.90%

$0.2339

72.20%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1080

100.00%

$0.3240

100.00%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

8.85%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

8.83%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


2.12%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

1.47%







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




Distribution Period: 

March- 2021




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

$0.0017

1.50%

$0.0043

1.30%

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)

$0.1091

98.50%

$0.3281

98.70%

Total per common share

$0.1108

100.00%

$0.3324

100.00%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

10.99%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

9.20%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


1.41%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

1.53%







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




Distribution Period: 

March- 2021




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

$0.0040

4.70%

$0.0185

4.40%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0803

95.30%

$0.0999

23.70%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.3031

71.9%

Total per common share

$0.0843

100.00%

$0.4215

100.0%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

12.74%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

7.91%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


13.31%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

2.64%







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



Distribution Period: 

March- 2021




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

$0.0056

7.70%

$0.0126

5.80%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0671

92.30%

$0.1156

53.00%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0899

41.20%

Total per common share

$0.0727

100.00%

$0.2181

100.00%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

9.50%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

8.48%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


1.39%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

1.41%







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




Distribution Period: 

March- 2021




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

$0.0605

59.00%

$0.1655

32.30%

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)

$0.0420

41.00%

$0.3470

67.70%

Total per common share

$0.1025

100.00%

$0.5125

100.00%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

13.81%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

6.19%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


25.85%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

2.06%







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



Distribution Period: 

March- 2021




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

$0.0048

7.80%

$0.0083

2.70%

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)

$0.0568

92.20%

$0.2997

97.30%

Total per common share

$0.0616

100.00%

$0.3080

100.00%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

11.86%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

7.81%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


20.38%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

2.60%







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




Distribution Period: 

March- 2021




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

$0.0003

0.40%

$0.0004

0.20%

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)

$0.0705

99.60%

$0.2120

99.80%

Total per common share

$0.0708

100.00%

$0.2124

100.00%






Average annual total return at NAV for the 5-year period ended on February 28, 2021 1

2.98%


Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021 2

8.02%


Cumulative total return at NAV for the fiscal year through February 28, 2021 3


1.96%


Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 2021 4

1.34%









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 February 28, 2021

2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of February 28, 2021

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 February 28, 2021 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 February 28, 2021 measured on the dollar value of the distributions in year-to-date period as a percentage of the Fund's NAV as of February 28, 2021

 

Cision View original content:http://www.prnewswire.com/news-releases/eaton-vance-closed-end-funds-release-estimated-sources-of-distributions-301259862.html

SOURCE Eaton Vance Management

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