Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
BOSTON--(BUSINESS WIRE)--February 28, 2025--
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 2025 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 28, 2025, and information relating to each Fund's performance based on its net asset value $(NAV)$ for certain periods.
Eaton Vance Enhanced Equity Income Fund $(EOI)$ ------------------------------- Distribution Period: February- 2025 Distribution Amount per Common Share: $0.1338 Distribution Frequency: Monthly Fiscal Year End: September Cumulative % of the Distributions Cumulative for the Distributions Current % of Current Fiscal Year- for the Fiscal Source Distribution Distribution to-Date 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 $0.1338 100.00% $0.6690 100.00% Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00% Total per common share $0.1338 100.00% $0.6690 100.00% Average annual total return at NAV for the 5-year period ended on January 31, 2025 (1) 13.73% Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2025 (2) 7.79% Cumulative total return at NAV for the fiscal year through January 31, 2025 (3) 4.42% Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2025 (4) 2.60% Eaton Vance Enhanced Equity Income Fund II $(EOS)$ ------------------------------- Distribution Period: February- 2025 Distribution Amount per Common Share: $0.1523 Distribution Frequency: Monthly Fiscal Year End: December Cumulative % of the Distributions Cumulative for the Distributions Current % of Current Fiscal Year- for the Fiscal Source Distribution Distribution to-Date 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 $0.0953 62.6% $0.0956 31.4% Return of Capital or Other Capital Source(s) $0.0570 37.4% $0.2090 68.6% Total per common share $0.1523 100.00% $0.3046 100.00% Average annual total return at NAV for the 5-year period ended on January 31, 2025 (1) 14.18% Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2025 (2) 7.76% Cumulative total return at NAV for the fiscal year through January 31, 2025 (3) 1.68% Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2025 (4) 0.65% Eaton Vance Risk-Managed Diversified Equity Income Fund $(ETJ)$ ------------------------------- Distribution Period: February- 2025 Distribution Amount per Common Share: $0.0651 Distribution Frequency: Monthly Fiscal Year End: December Cumulative % of the Distributions Cumulative for the Distributions Current % of Current Fiscal Year- for the Fiscal Source Distribution Distribution to-Date 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 $0.0651 100.00% $0.1302 100.00% Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00% Total per common share $0.0651 100.00% $0.1302 100.00% Average annual total return at NAV for the 5-year period ended on January 31, 2025 (1) 10.85% Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2025 (2) 7.92% Cumulative total return at NAV for the fiscal year through January 31, 2025 (3) 2.05% Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2025 (4) 0.66% Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) ------------------------------- Distribution Period: February- 2025 Distribution Amount per Common Share: $0.1646 Distribution Frequency: Monthly Fiscal Year End: October Cumulative % of the Distributions Cumulative for the Distributions Current % of Current Fiscal Year- for the Fiscal Source Distribution Distribution to-Date Year-to-Date Net Investment Income $0.0240 14.6% $0.1053 16.0% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0001 0.0% Net Realized Long-Term Capital Gains $0.1406 85.4% $0.5530 84.0% Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00% Total per common share $0.1646 100.00% $0.6584 100.00% Average annual total return at NAV for the 5-year period ended on January 31, 2025 (1) 9.41% Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2025 (2) 7.38% Cumulative total return at NAV for the fiscal year through January 31, 2025 (3) 3.87% Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2025 (4) 1.84% Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund $(ETO)$ ---------------------------------------------- Distribution Period: February- 2025 Distribution Amount per Common Share: $0.1733 Distribution Frequency: Monthly Fiscal Year End: October Cumulative % of the Distributions Cumulative for the Distributions Current % of Current Fiscal Year- for the Fiscal Source Distribution Distribution to-Date Year-to-Date Net Investment Income $0.0288 16.6% $0.0596 8.6% Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0672 9.7% Net Realized Long-Term
Capital Gains $0.1445 83.4% $0.5664 81.7%
Return of
Capital or
Other Capital
Source(s) $0.0000 0.00% $0.0000 0.00%
Total per
common share $0.1733 100.00% $0.6932 100.00%
Average annual total return at NAV for the
5-year period ended on January 31, 2025 (1) 10.54%
Annualized current distribution rate expressed
as a percentage of NAV as of January 31, 2025
(2) 7.40%
Cumulative total return at NAV
for the fiscal year through
January 31, 2025 (3) 3.34%
Cumulative fiscal year to date distribution
rate as a percentage of NAV as of January 31,
2025 (4) 1.85%
Eaton Vance Tax-Managed
Buy-Write Income Fund (NYSE:
ETB)
-------------------------------
Distribution
Period: February- 2025
Distribution
Amount per
Common Share: $0.1058
Distribution
Frequency: Monthly
Fiscal Year
End: December
Cumulative % of the
Distributions Cumulative
for the Distributions
Current % of Current Fiscal Year- for the Fiscal
Source Distribution Distribution to-Date Year-to-Date
Net Investment
Income $0.0033 3.1% $0.0068 3.2%
Net Realized
Short-Term
Capital Gains $0.0000 0.00% $0.0000 0.00%
Net Realized
Long-Term
Capital Gains $0.0667 63.0% $0.0667 31.5%
Return of
Capital or
Other Capital
Source(s) $0.0358 33.9% $0.1381 65.3%
Total per
common share $0.1058 100.00% $0.2116 100.00%
Average annual total return at NAV for the
5-year period ended on January 31, 2025 (1) 10.12%
Annualized current distribution rate expressed
as a percentage of NAV as of January 31, 2025
(2) 8.04%
Cumulative total return at NAV
for the fiscal year through
January 31, 2025 (3) 1.99%
Cumulative fiscal year to date distribution
rate as a percentage of NAV as of January 31,
2025 (4) 0.67%
Eaton Vance Tax-Managed
Buy-Write Opportunities Fund
$(ETV)$
-------------------------------
Distribution
Period: February- 2025
Distribution
Amount per
Common Share: $0.0993
Distribution
Frequency: Monthly
Fiscal Year
End: December
Cumulative % of the
Distributions Cumulative
for the Distributions
Current % of Current Fiscal Year- for the Fiscal
Source Distribution Distribution to-Date Year-to-Date
Net Investment
Income $0.0006 0.60% $0.0019 1.0%
Net Realized
Short-Term
Capital Gains $0.0000 0.00% $0.0642 32.3%
Net Realized
Long-Term
Capital Gains $0.0987 99.4% $0.1325 66.7%
Return of
Capital or
Other Capital
Source(s) $0.0000 0.00% $0.0000 0.00%
Total per
common share $0.0993 100.00% $0.1986 100.00%
Average annual total return at NAV for the
5-year period ended on January 31, 2025 (1) 10.45%
Annualized current distribution rate expressed
as a percentage of NAV as of January 31, 2025
(2) 7.89%
Cumulative total return at NAV
for the fiscal year through
January 31, 2025 (3) 1.70%
Cumulative fiscal year to date distribution
rate as a percentage of NAV as of January 31,
2025 (4) 0.66%
Eaton Vance Tax-Managed
Diversified Equity Income Fund
$(ETY)$
-------------------------------
Distribution
Period: February- 2025
Distribution
Amount per
Common Share: $0.0992
Distribution
Frequency: Monthly
Fiscal Year
End: October
Cumulative % of the
Distributions Cumulative
for the Distributions
Current % of Current Fiscal Year- for the Fiscal
Source Distribution Distribution to-Date Year-to-Date
Net Investment
Income $0.0000 0.0% $0.0000 0.0%
Net Realized
Short-Term
Capital Gains $0.0277 27.9% $0.0955 24.1%
Net Realized
Long-Term
Capital Gains $0.0715 72.1% $0.3013 75.9%
Return of
Capital or
Other Capital
Source(s) $0.0000 0.0% $0.0000 0.0%
Total per
common share $0.0992 100.0% $0.3968 100.0%
Average annual total return at NAV for the
5-year period ended on January 31, 2025 (1) 13.84%
Annualized current distribution rate expressed
as a percentage of NAV as of January 31, 2025
(2) 7.70%
Cumulative total return at NAV
for the fiscal year through
January 31, 2025 (3) 5.66%
Cumulative fiscal year to date distribution
rate as a percentage of NAV as of January 31,
2025 (4) 1.93%
Eaton Vance Tax-Managed Global Buy-Write
Opportunities Fund (NYSE: ETW)
----------------------------------------------
Distribution
Period: February- 2025
Distribution
Amount per
Common Share: $0.0664
Distribution
Frequency: Monthly
Fiscal Year
End: December
Cumulative % of the
Distributions Cumulative
for the Distributions
Current % of Current Fiscal Year- for the Fiscal
Source Distribution Distribution to-Date Year-to-Date
Net Investment
Income $0.0064 9.7% $0.0112 8.4%
Net Realized
Short-Term
Capital Gains $0.0000 0.00% $0.0000 0.00%
Net Realized
Long-Term
Capital Gains $0.0000 0.00% $0.0009 0.70%
Return of
Capital or
Other Capital
Source(s) $0.0600 90.3% $0.1207 90.9%
Total per
common share $0.0664 100.00% $0.1328 100.00%
Average annual total return at NAV for the
5-year period ended on January 31, 2025 (1) 7.63%
Annualized current distribution rate expressed
as a percentage of NAV as of January 31, 2025
(2) 8.45%
Cumulative total return at NAV
for the fiscal year through
January 31, 2025 (3) 2.18%
Cumulative fiscal year to date distribution
rate as a percentage of NAV as of January 31,
2025 (4) 0.70%
Eaton Vance Tax-Advantaged
Global Dividend Income (NYSE:
ETG)
-------------------------------
Distribution
Period: February- 2025
Distribution
Amount per
Common Share: $0.1293
Distribution
Frequency: Monthly
Fiscal Year
End: October
Cumulative % of the
Distributions Cumulative
for the Distributions
Current % of Current Fiscal Year- for the Fiscal
Source Distribution Distribution to-Date Year-to-Date
Net Investment
Income $0.0153 11.8% $0.0248 4.80%
Net Realized
Short-Term
Capital Gains $0.0000 0.0% $0.0000 0.0%
Net Realized
Long-Term
Capital Gains $0.1140 88.2% $0.4924 95.2%
Return of
Capital or
Other Capital
Source(s) $0.0000 0.00% $0.0000 0.00%
Total per
common share $0.1293 100.00% $0.5172 100.00%
Average annual total return at NAV for the
5-year period ended on January 31, 2025 (1) 10.63%
Annualized current distribution rate expressed
as a percentage of NAV as of January 31, 2025
(2) 7.47%
Cumulative total return at NAV
for the fiscal year through
January 31, 2025 (3) 3.36%
Cumulative fiscal year to date distribution
rate as a percentage of NAV as of January 31,
2025 (4) 1.87%
Eaton Vance Tax-Managed Global Diversified
Equity Income Fund (NYSE: EXG)
----------------------------------------------
Distribution
Period: February- 2025
Distribution
Amount per
Common Share: $0.0657
Distribution
Frequency: Monthly
Fiscal Year
End: October
Cumulative % of the
Distributions Cumulative
for the Distributions
Current % of Current Fiscal Year- for the Fiscal
Source Distribution Distribution to-Date Year-to-Date
Net Investment
Income $0.0048 7.3% $0.0114 4.3%
Net Realized
Short-Term
Capital Gains $0.0133 20.2% $0.0472 18.0% Net Realized Long-Term Capital Gains $0.0476 72.5% $0.2042 77.7% Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00% Total per common share $0.0657 100.00% $0.2628 100.00% Average annual total return at NAV for the 5-year period ended on January 31, 2025 (1) 10.12% Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2025 (2) 8.49% Cumulative total return at NAV for the fiscal year through January 31, 2025 (3) 3.34% Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2025 (4) 2.12% (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, 2025 (2) The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of January 31, 2025 (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, 2025 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, 2025 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, 2025
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