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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 | May 29, 2015

BOSTON, May 29, 2015 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their May 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 May 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 May distribution and its cumulative distributions paid for its fiscal year through May 31, 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: 

May- 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

$0.0303

35.00%

$0.1004

14.50%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0561

65.00%

$0.4300

62.20%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.1608

23.30%

Total per common share

$0.0864

100.00%

$0.6912

100.00%



Average annual total return at NAV for the 5-year period ended on April 30, 2015 1

10.58%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2015 2

7.05%

Cumulative total return at NAV for the fiscal year through April 30, 2015 3

5.25%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2015 4

4.11%













































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

Distribution Period: 

May- 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

$0.0139

15.90%

$0.0280

6.40%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0041

4.70%

$0.3054

69.80%

Return of Capital or Other Capital Source(s)

$0.0695

79.40%

$0.1041

23.80%

Total per common share

$0.0875

100.00%

$0.4375

100.00%



Average annual total return at NAV for the 5-year period ended on April 30, 2015 1

12.15%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2015 2

7.13%

Cumulative total return at NAV for the fiscal year through April 30, 2015 3

3.78%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2015 4

2.38%





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

Distribution Period: 

May- 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

$0.0930

100.00%

$0.4650

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%

$0.4650

100.00%



Average annual total return at NAV for the 5-year period ended on April 30, 2015 1

5.17%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2015 2

9.38%

Cumulative total return at NAV for the fiscal year through April 30, 2015 3

2.11%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2015 4

3.13%





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

Distribution Period: 

May- 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

$0.0540

59.50%

$0.5030

79.90%

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)

$0.0360

40.50%

$0.1270

20.10%

Total per common share

$0.0900

100.00%

$0.6300

100.00%



Average annual total return at NAV for the 5-year period ended on April 30, 2015 1

4.35%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2015 2

6.64%

Cumulative total return at NAV for the fiscal year through April 30, 2015 3

2.59%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2015 4

3.32%





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

Distribution Period: 

May- 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

$0.1008

56.00%

$0.4309

34.20%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0792

44.00%

$0.8291

65.80%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1800

100.00%

$1.2600

100.00%



Average annual total return at NAV for the 5-year period ended on April 30, 2015 1

12.02%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2015 2

8.57%

Cumulative total return at NAV for the fiscal year through April 30, 2015 3

4.80%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2015 4 5

4.29%





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


Distribution Period: 

May- 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

$0.0169

15.60%

$0.0720

13.30%

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)

$0.0911

84.40%

$0.4680

86.70%

Total per common share

$0.1080

100.00%

$0.5400

100.00%



Average annual total return at NAV for the 5-year period ended on April 30, 2015 1

11.03%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2015 2

7.95%

Cumulative total return at NAV for the fiscal year through April 30, 2015 3

2.68%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2015 4

2.65%





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

Distribution Period: 

May- 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

$0.0094

8.50%

$0.0416

7.50%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1014

91.50%

$0.3280

59.20%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.1844

33.30%

Total per common share

$0.1108

100.00%

$0.5540

100.00%



Average annual total return at NAV for the 5-year period ended on April 30, 2015 1

11.70%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2015 2

8.87%

Cumulative total return at NAV for the fiscal year through April 30, 2015 3

4.07%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2015 4

2.96%





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

Distribution Period: 

May- 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

$0.0244

29.00%

$0.0779

13.20%

Net Realized Short-Term Capital Gains

$0.0087

10.30%

$0.0271

4.60%

Net Realized Long-Term Capital Gains

$0.0512

60.70%

$0.2693

45.60%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.2158

36.60%

Total per common share

$0.0843

100.00%

$0.5901

100.00%



Average annual total return at NAV for the 5-year period ended on April 30, 2015 1

10.33%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2015 2

8.20%

Cumulative total return at NAV for the fiscal year through April 30, 2015 3

4.52%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2015 4

4.10%





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

Distribution Period: 

May- 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

$0.0161

16.50%

$0.0574

11.80%

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)

$0.0812

83.50%

$0.4291

88.20%

Total per common share

$0.0973

100.00%

$0.4865

100.00%



Average annual total return at NAV for the 5-year period ended on April 30, 2015 1

9.87%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2015 2

9.33%

Cumulative total return at NAV for the fiscal year through April 30, 2015 3

5.16%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2015 4

3.11%





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

Distribution Period: 

May- 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

$0.0119

14.60%

$0.0586

10.30%

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)

$0.0694

85.40%

$0.5105

89.70%

Total per common share

$0.0813

100.00%

$0.5691

100.00%



Average annual total return at NAV for the 5-year period ended on April 30, 2015 1

9.12%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2015 2

9.34%

Cumulative total return at NAV for the fiscal year through April 30, 2015 3

3.43%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2015 4

4.67%










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 April 30, 2015.

2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of April 30, 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 April 30, 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 April 30, 2015 measured on the dollar value of the distributions in year-to-date period as a percentage of the Fund's NAV as of April 30, 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-300090985.html

SOURCE Eaton Vance Management

PR Newswire
May 29, 2015 - 2:13 PM EDT
Tags:
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