BOSTON, July 29, 2015 /PRNewswire/ -- Eaton Vance Management announced today that the following Eaton Vance closed-end funds (the "Funds") data has been posted on its web site at www.eatonvance.com:
Monthly Average Earnings per Common Share – The average monthly net investment income per common share (after payment of preferred dividends) for the three months ended June 30, 2015;
Current Distribution Amount per Common Share – The dividend per common share declared on July 1, 2015;
Monthly Average Earning over Current Distribution Amount – The ratio of the monthly average earnings per common share over the current monthly distribution amount per common share.
Ending Undistributed Net Investment Income ("UNII") per Common Share – The balance shown is as of June 30, 2015.
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Fund
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Ticker
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Monthly Avg. Earnings Per Common Share (1)
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Current Distribution Amount per Common Share
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Monthly Avg. Earning / Current Distribution Amount
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Ending UNII per Common Share (2)
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National Municipal Funds
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Eaton Vance Municipal Bond Fund
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EIM
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0.0628
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0.0638
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98.4%
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0.0231
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Eaton Vance Municipal Bond Fund II
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EIV
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0.0614
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0.0615
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99.9%
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0.0036
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Eaton Vance Municipal Income Term Trust
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ETX
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0.0765
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0.0708
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108.0%
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0.2084
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Eaton Vance Municipal Income Trust
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EVN
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0.0724
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0.0750
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96.5%
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0.0289
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Eaton Vance National Municipal Opportunities Trust
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EOT
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0.0891
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0.0858
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103.8%
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0.1304
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State Municipal Funds
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Eaton Vance California Municipal Bond Fund
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EVM
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0.0576
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0.0570
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101.0%
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0.1085
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Eaton Vance California Municipal Bond Fund II
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EIA
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0.0645
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0.0609
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105.9%
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0.0617
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Eaton Vance California Municipal Income Trust
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CEV
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0.0611
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0.0613
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99.6%
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0.0171
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Eaton Vance Massachusetts Municipal Bond Fund
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MAB
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0.0642
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0.0633
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101.4%
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0.0599
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Eaton Vance Massachusetts Municipal Income Trust
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MMV
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0.0594
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0.0572
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103.9%
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0.0410
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Eaton Vance Michigan Municipal Bond Fund
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MIW
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0.0658
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0.0657
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100.0%
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0.0553
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Eaton Vance Michigan Municipal Income Trust
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EMI
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0.0622
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0.0591
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105.3%
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0.0427
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Eaton Vance New Jersey Municipal Bond Fund
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EMJ
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0.0630
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0.0625
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100.8%
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0.0851
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Eaton Vance New Jersey Municipal Income Trust
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EVJ
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0.0609
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0.0607
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100.4%
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0.0241
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Eaton Vance New York Municipal Bond Fund
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ENX
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0.0595
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0.0598
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99.5%
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0.1262
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Eaton Vance New York Municipal Bond Fund II
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NYH
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0.0591
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0.0573
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103.3%
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0.0759
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Eaton Vance New York Municipal Income Trust
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EVY
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0.0676
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0.0683
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98.9%
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0.0104
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Eaton Vance Ohio Municipal Bond Fund
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EIO
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0.0604
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0.0585
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103.2%
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0.0503
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Eaton Vance Ohio Municipal Income Trust
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EVO
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0.0634
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0.0609
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104.1%
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0.0880
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Eaton Vance Pennsylvania Municipal Bond Fund
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EIP
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0.0671
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0.0644
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104.2%
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0.1129
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Eaton Vance Pennsylvania Municipal Income Trust
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EVP
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0.0610
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0.0606
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100.7%
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0.0124
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Taxable Funds
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Eaton Vance Floating-Rate Income Plus Fund
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EFF
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0.0970
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0.0960
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101.0%
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-0.0027
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Eaton Vance Floating-Rate Income Trust
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EFT
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0.0774
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0.0750
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103.3%
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-0.0022
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Eaton Vance Limited Duration Income Fund
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EVV
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0.0959
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0.1017
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94.3%
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-0.0167
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Eaton Vance Senior Floating-Rate Trust
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EFR
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0.0786
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0.0780
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100.7%
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-0.0012
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Eaton Vance Senior Income Trust
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EVF
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0.0336
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0.0340
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98.7%
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-0.0046
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Eaton Vance Tax-Advantaged Global Dividend Income Fund
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ETG
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0.2041
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0.1025
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199.1%
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0.2800
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Eaton Vance also posted certain data related to Funds which operate under a Managed Distribution Policy (3):
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Fund
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Ticker
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Current Distribution Amount Per Common Share
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Distribution Frequency
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NAV Per Share on June 30, 2015
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Annual Dist. Rate (4)
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EV Enhanced Equity Income Fund
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EOI
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0.0864
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Monthly
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14.63
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7.09%
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EV Enhanced Equity Income Fund II
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EOS
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0.0875
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Monthly
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14.77
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7.11%
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EV Risk-Managed Diversified Equity Income Fund
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ETJ
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0.0930
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Monthly
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11.81
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9.45%
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EV Short Duration Diversified Income Fund
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EVG
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0.0900
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Monthly
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15.97
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6.76%
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Eaton Vance Tax-Advantaged Dividend Income Fund
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EVT
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0.1450
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Monthly
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22.35
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7.79%
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EV Tax-Advantaged Global Dividend Opportunities Fund
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ETO
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0.1800
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Monthly
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24.50
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8.82%
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EV Tax-Managed Buy-Write Income Fund
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ETB
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0.1080
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Monthly
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16.12
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8.04%
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EV Tax-Managed Buy-Write Opportunities Fund
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ETV
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0.1108
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Monthly
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14.97
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8.88%
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EV Tax-Managed Diversified Equity Income Fund
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ETY
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0.0843
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Monthly
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12.31
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8.22%
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EV Tax-Managed Global Buy-Write Opportunities Fund
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ETW
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0.0973
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Monthly
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12.34
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9.46%
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EV Tax-Managed Global Diversified Equity Income Fund
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EXG
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0.0813
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Monthly
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10.22
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9.55%
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EV Tax-Advantaged Bond and Option Strategies Fund
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EXD
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0.2900
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Quarterly
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14.58
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7.96%
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(1) Average monthly earnings per share for the most recent 3 months and are based on the federal income tax treatment of market premiums and discounts of certain debt instruments held by the Funds.
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(2) Ending undistributed net income per share is based on the federal income tax treatment of market premiums and discounts of certain debt instruments held by the Funds, but may not include certain tax re-classifications relating to the Funds' investments.
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(3) Funds operating under a managed distribution policy report estimated source of distributions via press release on each distribution payment date.
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(4) Based on most recent distribution multiplied by the frequency of distributions over the net asset value per share.
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Earnings and UNII will fluctuate over time due to fund activity and/or market factors.
The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $307.3 billion in assets as of June 30, 2015, offering individuals and institutions a broad array of investment products and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.
The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Shares of closed-end funds often trade at a discount to NAV. The market price of Fund shares can be affected by factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses.
For more information about the Funds or Eaton Vance, visit www.eatonvance.com.
About Risk. An imbalance in supply and demand in the municipal market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. There generally is limited public information about municipal issuers. As interest rates rise, the value of certain income investments is likely to decline. Longer-term bonds typically are more sensitive to interest-rate changes than shorter-term bonds. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Investments rated below investment grade (typically referred to as "junk") are generally subject to greater price volatility and illiquidity than higher rated investments. Derivatives instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. Borrowing to increase investments (leverage) will exaggerate the effect of any increase or decrease in the value of Fund investments. No Fund is a complete investment program and you may lose money investing in a Fund. The Funds may engage in other investment practices that may involve additional risks.
Eaton Vance Management. Eaton Vance Distributors, Inc., Member FINRA / SIPC, is an affiliate of Eaton Vance Management.
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SOURCE Eaton Vance Management