Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News   Press Releases

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

EOI, EOS, ETJ, EVG, ETO, ETV, ETB, ETY, ETW, EXG | February 27, 2015

BOSTON, Feb. 27, 2015 /PRNewswire/ -- 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 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 February distribution.  It is not determinative of the tax character of a Fund's distributions for the 2015 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, 2015, 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: 

February- 2015


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

$0.0062

7.10%

$0.0318

7.40%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0802

92.90%

$0.1216

28.10%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.2786

64.50%

Total per common share

$0.0864

100.00%

$0.4320

100.00%



Average annual total return at NAV for the 5-year period ended on January 31, 2015 1

11.44%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2015 2

7.21%

Cumulative total return at NAV for the fiscal year through January 31, 2015 3

0.99%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2015 4

2.40%




















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


Distribution Period: 

February- 2015


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

$0.0000

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

$0.0875

100.00%

$0.1321

75.50%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0429

24.50%

Total per common share

$0.0875

100.00%

$0.1750

100.00%



Average annual total return at NAV for the 5-year period ended on January 31, 2015 1

12.79%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2015 2

7.40%

Cumulative total return at NAV for the fiscal year through January 31, 2015 3

-1.92%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2015 4

0.62%















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

Distribution Period: 

February- 2015


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

$0.0050

5.40%

$0.0100

5.40%

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)

$0.0880

94.60%

$0.1760

94.60%

Total per common share

$0.0930

100.00%

$0.1860

100.00%



Average annual total return at NAV for the 5-year period ended on January 31, 2015 1

4.96%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2015 2

9.44%

Cumulative total return at NAV for the fiscal year through January 31, 2015 3

-1.14%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2015 4

0.79%















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


Distribution Period: 

February- 2015


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

$0.0740

82.60%

$0.3160

87.90%

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)

$0.0160

17.40%

$0.0440

12.10%

Total per common share

$0.0900

100.00%

$0.3600

100.00%



Average annual total return at NAV for the 5-year period ended on January 31, 2015 1

4.60%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2015 2

6.67%

Cumulative total return at NAV for the fiscal year through January 31, 2015 3

0.22%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2015 4

1.67%















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

Distribution Period: 

February- 2015


Distribution Amount per Common Share: 

$0.1800


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

$0.0412

22.90%

$0.1728

24.00%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1388

77.10%

$0.5472

76.00%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1800

100.00%

$0.7200

100.00%



Average annual total return at NAV for the 5-year period ended on January 31, 2015 1

12.61%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2015 2

9.00%

Cumulative total return at NAV for the fiscal year through January 31, 2015 3

-2.28%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2015 4 5

2.25%















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


Distribution Period: 

February- 2015


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

$0.0113

10.50%

$0.0247

11.40%

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)

$0.0967

89.50%

$0.1913

88.60%

Total per common share

$0.1080

100.00%

$0.2160

100.00%



Average annual total return at NAV for the 5-year period ended on January 31, 2015 1

11.46%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2015 2

8.18%

Cumulative total return at NAV for the fiscal year through January 31, 2015 3

-2.15%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2015 4

0.68%















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

Distribution Period: 

February- 2015


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

$0.0068

6.10%

$0.0148

6.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0235

10.60%

Return of Capital or Other Capital Source(s)

$0.1040

93.90%

$0.1833

82.70%

Total per common share

$0.1108

100.00%

$0.2216

100.00%



Average annual total return at NAV for the 5-year period ended on January 31, 2015 1

12.15%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2015 2

9.14%

Cumulative total return at NAV for the fiscal year through January 31, 2015 3

-1.27%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2015 4

0.76%















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

Distribution Period: 

February- 2015


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

$0.0054

6.40%

$0.0223

6.60%

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)

$0.0789

93.60%

$0.3149

93.40%

Total per common share

$0.0843

100.00%

$0.3372

100.00%



Average annual total return at NAV for the 5-year period ended on January 31, 2015 1

10.39%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2015 2

8.41%

Cumulative total return at NAV for the fiscal year through January 31, 2015 3

-0.32%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2015 4

2.10%















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

Distribution Period: 

February- 2015


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

$0.0074

7.60%

$0.0156

8.00%

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)

$0.0899

92.40%

$0.1790

92.00%

Total per common share

$0.0973

100.00%

$0.1946

100.00%



Average annual total return at NAV for the 5-year period ended on January 31, 2015 1

9.49%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2015 2

9.63%

Cumulative total return at NAV for the fiscal year through January 31, 2015 3

-0.49%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2015 4

0.80%















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

Distribution Period: 

February- 2015


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

$0.0063

7.80%

$0.0257

7.90%

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)

$0.0750

92.20%

$0.2995

92.10%

Total per common share

$0.0813

100.00%

$0.3252

100.00%



Average annual total return at NAV for the 5-year period ended on January 31, 2015 1

8.61%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2015 2

9.64%

Cumulative total return at NAV for the fiscal year through January 31, 2015 3

-2.18%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 2015 4

2.41%










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, 2015.



2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of January 31, 2015.

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, 2015 

   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, 2015 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, 2015.

5 Does not include the capital gain of $0.971 paid on 1/13/15.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/eaton-vance-closed-end-funds-release-estimated-sources-of-distributions-300042872.html

SOURCE Eaton Vance Management

PR Newswire
February 27, 2015 - 12:24 PM EST
Tags:

Related News

Recent U.S. Press Releases

More Press Releases »

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today