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News   Press Releases

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

EOI, EOS, ETJ, EVG, ETO, ETV, ETB, ETY, ETW, EXG | September 30, 2014

BOSTON, Sept. 30, 2014 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their September 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 or quarterly, 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 September distribution.  It is not determinative of the tax character of a Fund's distributions for the 2014 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 September distribution and its cumulative distributions paid for its fiscal year through September 30, 2014, 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: 

September- 2014

Distribution Amount per Common Share: 

$0.0864


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

$0.0066

7.60%

$0.0842

8.10%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.3918

37.80%

Net Realized Long-Term Capital Gains

$0.0798

92.40%

$0.1591

15.40%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.4017

38.70%

Total per common share

$0.0864

100.00%

$1.0368

100.00%



Average annual total return at NAV for the 5-year period ended on August 31, 2014 1

12.79%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2014 2

6.94%

Cumulative total return at NAV for the fiscal year through August 31, 2014 3

19.89%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of August 31, 2014 4

6.37%










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

Distribution Period: 

September- 2014

Distribution Amount per Common Share: 

$0.0875


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

$0.0032

3.70%

$0.0221

2.80%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.2418

30.70%

Net Realized Long-Term Capital Gains

$0.0232

26.50%

$0.4625

58.70%

Return of Capital or Other Capital Source(s)

$0.0611

69.80%

$0.0611

7.80%

Total per common share

$0.0875

100.00%

$0.7875

100.00%



Average annual total return at NAV for the 5-year period ended on August 31, 2014 1

14.15%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2014 2

7.15%

Cumulative total return at NAV for the fiscal year through August 31, 2014 3

9.17%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of August 31, 2014 4

4.77%










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

Distribution Period: 

September- 2014

Distribution Amount per Common Share: 

$0.0930


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

$0.0930

100.00%

$0.8370

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

$0.0930

100.00%

$0.8370

100.00%



Average annual total return at NAV for the 5-year period ended on August 31, 2014 1

5.49%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2014 2

8.86%

Cumulative total return at NAV for the fiscal year through August 31, 2014 3

5.69%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of August 31, 2014 4

5.90%










Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG)

Distribution Period: 

September- 2014

Distribution Amount per Common Share: 

$0.0900


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

$0.0820

90.60%

$0.7340

74.10%

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)

$0.0080

9.40%

$0.2560

25.90%

Total per common share

$0.0900

100.00%

$0.9900

100.00%



Average annual total return at NAV for the 5-year period ended on August 31, 2014 1

6.21%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2014 2

6.47%

Cumulative total return at NAV for the fiscal year through August 31, 2014 3

4.26%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of August 31, 2014 4

5.40%










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

Distribution Period: 

September- 2014

Distribution Amount per Common Share: 

$0.1500


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

$0.1254

83.60%

$1.4108

85.50%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0246

16.40%

$0.2392

14.50%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1500

100.00%

$1.6500

100.00%



Average annual total return at NAV for the 5-year period ended on August 31, 2014 1

15.88%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2014 2

6.63%

Cumulative total return at NAV for the fiscal year through August 31, 2014 3

13.85%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of August 31, 2014 4 5

5.52%










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

Distribution Period: 

September- 2014

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

$0.0139

12.80%

$0.1268

13.00%

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)

$0.0941

87.20%

$0.8452

87.00%

Total per common share

$0.1080

100.00%

$0.9720

100.00%



Average annual total return at NAV for the 5-year period ended on August 31, 2014 1

13.00%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2014 2

7.82%

Cumulative total return at NAV for the fiscal year through August 31, 2014 3

7.72%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of August 31, 2014 4

5.21%










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

Distribution Period: 

September- 2014

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

$0.0090

8.10%

$0.0848

8.50%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0099

8.90%

$0.0099

1.00%

Return of Capital or Other Capital Source(s)

$0.0919

83.00%

$0.9025

90.50%

Total per common share

$0.1108

100.00%

$0.9972

100.00%



Average annual total return at NAV for the 5-year period ended on August 31, 2014 1

13.46%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2014 2

8.78%

Cumulative total return at NAV for the fiscal year through August 31, 2014 3

8.50%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of August 31, 2014 4

5.85%










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

Distribution Period: 

September- 2014

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

$0.0351

41.70%

$0.2930

31.60%

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)

$0.0492

58.30%

$0.6343

68.40%

Total per common share

$0.0843

100.00%

$0.9273

100.00%



Average annual total return at NAV for the 5-year period ended on August 31, 2014 1

11.53%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2014 2

8.07%

Cumulative total return at NAV for the fiscal year through August 31, 2014 3

13.81%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of August 31, 2014 4

6.72%










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

Distribution Period: 

September- 2014

Distribution Amount per Common Share: 

$0.0973


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

$0.0209

21.50%

$0.1655

18.90%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Return of Capital or Other Capital Source(s)

$0.0764

78.50%

$0.7102

81.10%

Total per common share

$0.0973

100.00%

$0.8757

100.00%



Average annual total return at NAV for the 5-year period ended on August 31, 2014 1

11.17%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2014 2

8.88%

Cumulative total return at NAV for the fiscal year through August 31, 2014 3

6.63%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of August 31, 2014 4

5.92%










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

Distribution Period: 

September- 2014

Distribution Amount per Common Share: 

$0.0813


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

$0.0813

100.00%

$0.8943

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

$0.0813

100.00%

$0.8943

100.00%



Average annual total return at NAV for the 5-year period ended on August 31, 2014 1

10.15%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2014 2

8.91%

Cumulative total return at NAV for the fiscal year through August 31, 2014 3

9.59%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of August 31, 2014 4

7.42%










Eaton Vance Tax-Advantaged Bond and Option Strategies Fund (NYSE: EXD)

Distribution Period: 

September- 2014

Distribution Amount per Common Share: 

$0.3500


Distribution Frequency:

Quarterly


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

$0.0220

6.30%

$0.0620

4.20%

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)

$0.3280

93.70%

$1.4130

95.80%

Total per common share

$0.3500

100.00%

$1.4750

100.00%



Average annual total return at NAV for the period from inception through August 31, 2014 6

4.35%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2014 2

9.15%

Cumulative total return at NAV for the fiscal year through August 31, 2014 3

5.15%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of August 31, 2014 4

4.58%










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 August 31, 2014.



2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of August 31, 2014.

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 August 31, 2014 

   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 August 31, 2014 measured on the dollar value of the

  distributions in year-to-date period as a percentage of the Fund's NAV as of  August 31, 2014.

5 Does not include the capital gain of $0.519 paid on 12/31/13. 

6 Average annual total return at NAV represents the change in NAV of the Fund, with all distributions reinvested, for the period from inception  

  (06/29/2010) through August 31, 2014.



 

SOURCE Eaton Vance Management

PR Newswire
September 30, 2014 - 3:06 PM EDT
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