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News   Press Releases

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

EOI, EOS, ETJ, EVG, EVT, ETO, ETV, ETB, ETY, ETW, EXG | March 31, 2016

BOSTON, March 31, 2016 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their March 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 March distribution.  It is not determinative of the tax character of a Fund's distributions for the 2016 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 March distribution and its cumulative distributions paid for its fiscal year through March 31, 2016, 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: 

March- 2016


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

$0.0108

12.50%

$0.0515

9.90%

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)

$0.0756

87.50%

$0.4669

90.10%

Total per common share

$0.0864

100.00%

$0.5184

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

7.72%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

8.06%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

-0.67%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

3.36%





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


Distribution Period: 

March- 2016


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

$0.0003

0.30%

$0.0006

0.20%

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)

$0.0872

99.70%

$0.2619

99.80%

Total per common share

$0.0875

100.00%

$0.2625

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

8.83%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

8.10%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

-8.79%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

1.35%





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

Distribution Period: 

March- 2016


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

$0.0080

8.60%

$0.0241

8.60%

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)

$0.0850

91.40%

$0.2549

91.40%

Total per common share

$0.0930

100.00%

$0.2790

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

3.67%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

10.80%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

-5.56%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

1.80%





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


Distribution Period: 

March- 2016


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

$0.0420

47.10%

$0.2880

64.00%

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)

$0.0480

52.90%

$0.1620

36.00%

Total per common share

$0.0900

100.00%

$0.4500

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

2.43%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

7.39%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

-2.25%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

2.46%





Eaton Vance Tax-Advantaged Dividend Income Fund  (NYSE: EVT)


Distribution Period: 

March- 2016


Distribution Amount per Common Share: 

$0.1450


Distribution Frequency:

Monthly


Fiscal Year End:

August







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

$0.0684

47.20%

$0.6408

63.10%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0766

52.80%

$0.3742

36.90%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1450

100.00%

$1.0150

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

8.85%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

8.77%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

-2.09%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

4.38%





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

Distribution Period: 

March- 2016


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

$0.0691

38.40%

$0.2736

30.40%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1109

61.60%

$0.6264

69.60%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1800

100.00%

$0.9000

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

6.71%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

10.38%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

-10.40%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

3.46%





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


Distribution Period: 

March- 2016


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

15.70%

$0.0492

15.20%

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)

$0.0911

84.30%

$0.2748

84.80%

Total per common share

$0.1080

100.00%

$0.3240

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

8.41%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

8.79%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

-3.56%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

1.47%





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

Distribution Period: 

March- 2016


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

$0.0109

9.80%

$0.0261

7.80%

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)

$0.0999

90.20%

$0.3063

92.20%

Total per common share

$0.1108

100.00%

$0.3324

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

9.18%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

9.73%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

-4.66%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

1.62%





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

Distribution Period: 

March- 2016


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

$0.0092

11.00%

$0.0375

8.90%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0708

16.80%

Return of Capital or Other Capital Source(s)

$0.0751

89.00%

$0.3132

74.30%

Total per common share

$0.0843

100.00%

$0.4215

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

7.73%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

9.26%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

-6.11%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

3.09%





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

Distribution Period: 

March- 2016


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

$0.0133

13.70%

$0.0269

9.20%

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)

$0.0840

86.30%

$0.2650

90.80%

Total per common share

$0.0973

100.00%

$0.2919

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

5.37%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

10.95%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

-6.03%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

1.83%





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

Distribution Period: 

March- 2016


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

$0.0161

19.80%

$0.0565

13.90%

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)

$0.0652

80.20%

$0.3500

86.10%

Total per common share

$0.0813

100.00%

$0.4065

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

5.17%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

10.99%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

-7.04%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

3.66%





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

Distribution Period: 

March- 2016


Distribution Amount per Common Share: 

$0.2900


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

$0.0240

8.20%

$0.0240

8.20%

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)

$0.2660

91.80%

$0.2660

91.80%

Total per common share

$0.2900

100.00%

$0.2900

100.00%



Average annual total return at NAV for the 5-year period ended on February 29, 2016 1

5.58%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016 2

8.02%

Cumulative total return at NAV for the fiscal year through February 29, 2016 3

0.98%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 29, 2016 4

0.00%










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 February 29, 2016.



2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of February 29, 2016.

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 February 29, 2016 

   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 February 29, 2016 measured on the dollar value of the

  distributions in year-to-date period as a percentage of the Fund's NAV as of February 29, 2016.

 

 

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-300244209.html

SOURCE Eaton Vance Management

PR Newswire
March 31, 2016 - 1:11 PM EDT

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