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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 | April 29, 2016

BOSTON, April 29, 2016 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their April 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 April 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 April distribution and its cumulative distributions paid for its fiscal year through April 30, 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: 

April- 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

$0.0114

13.20%

$0.0630

10.40%

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)

$0.0750

86.80%

$0.5418

89.60%

Total per common share

$0.0864

100.00%

$0.6048

100.00%



Average annual total return at NAV for the 5-year period ended on March 31, 2016 1

8.77%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016 2

7.70%

Cumulative total return at NAV for the fiscal year through March 31, 2016 3

4.67%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 2016 4

3.85%



































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


Distribution Period: 

April- 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

$0.0009

1.00%

$0.0014

0.40%

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)

$0.0866

99.00%

$0.3486

99.60%

Total per common share

$0.0875

100.00%

$0.3500

100.00%



Average annual total return at NAV for the 5-year period ended on March 31, 2016 1

9.97%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016 2

7.70%

Cumulative total return at NAV for the fiscal year through March 31, 2016 3

-3.43%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 2016 4

1.93%





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

Distribution Period: 

April- 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

$0.0078

8.40%

$0.0319

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)

$0.0852

91.60%

$0.3401

91.40%

Total per common share

$0.0930

100.00%

$0.3720

100.00%



Average annual total return at NAV for the 5-year period ended on March 31, 2016 1

4.40%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016 2

10.64%

Cumulative total return at NAV for the fiscal year through March 31, 2016 3

-3.15%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 2016 4

2.66%





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


Distribution Period: 

April- 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

$0.0440

49.40%

$0.3330

61.60%

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)

$0.0460

50.60%

$0.2070

38.40%

Total per common share

$0.0900

100.00%

$0.5400

100.00%



Average annual total return at NAV for the 5-year period ended on March 31, 2016 1

3.02%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016 2

7.21%

Cumulative total return at NAV for the fiscal year through March 31, 2016 3

0.76%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 2016 4

3.01%





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


Distribution Period: 

April- 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

$0.0694

47.90%

$0.7103

61.20%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0386

26.60%

$0.4128

35.60%

Return of Capital or Other Capital Source(s)

$0.0370

25.50%

$0.0369

3.20%

Total per common share

$0.1450

100.00%

$1.1600

100.00%



Average annual total return at NAV for the 5-year period ended on March 31, 2016 1

9.90%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016 2

8.29%

Cumulative total return at NAV for the fiscal year through March 31, 2016 3

4.36%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 2016 4

4.83%





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

Distribution Period: 

April- 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

$0.0743

41.30%

$0.3478

32.20%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1057

58.70%

$0.7322

67.80%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1800

100.00%

$1.0800

100.00%



Average annual total return at NAV for the 5-year period ended on March 31, 2016 1

7.95%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016 2

9.74%

Cumulative total return at NAV for the fiscal year through March 31, 2016 3

-3.75%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 2016 4

4.06%





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


Distribution Period: 

April- 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

$0.0160

14.80%

$0.0652

15.10%

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)

$0.0920

85.20%

$0.3668

84.90%

Total per common share

$0.1080

100.00%

$0.4320

100.00%



Average annual total return at NAV for the 5-year period ended on March 31, 2016 1

9.18%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016 2

8.55%

Cumulative total return at NAV for the fiscal year through March 31, 2016 3

-0.19%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 2016 4

2.14%





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

Distribution Period: 

April- 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

$0.0099

8.90%

$0.0359

8.10%

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)

$0.1009

91.10%

$0.4073

91.90%

Total per common share

$0.1108

100.00%

$0.4432

100.00%



Average annual total return at NAV for the 5-year period ended on March 31, 2016 1

10.10%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016 2

9.46%

Cumulative total return at NAV for the fiscal year through March 31, 2016 3

-1.09%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 2016 4

2.36%





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

Distribution Period: 

April- 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

$0.0096

11.40%

$0.0470

9.30%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0708

14.00%

Return of Capital or Other Capital Source(s)

$0.0747

88.60%

$0.3880

76.70%

Total per common share

$0.0843

100.00%

$0.5058

100.00%



Average annual total return at NAV for the 5-year period ended on March 31, 2016 1

8.71%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016 2

8.96%

Cumulative total return at NAV for the fiscal year through March 31, 2016 3

-2.25%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 2016 4

3.73%





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

Distribution Period: 

April- 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

$0.0140

14.40%

$0.0409

10.50%

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)

$0.0833

85.60%

$0.3483

89.50%

Total per common share

$0.0973

100.00%

$0.3892

100.00%



Average annual total return at NAV for the 5-year period ended on March 31, 2016 1

6.62%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016 2

10.57%

Cumulative total return at NAV for the fiscal year through March 31, 2016 3

-1.68%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 2016 4

2.64%





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

Distribution Period: 

April- 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

$0.0185

22.70%

$0.0751

15.40%

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)

$0.0628

77.30%

$0.4127

84.60%

Total per common share

$0.0813

100.00%

$0.4878

100.00%



Average annual total return at NAV for the 5-year period ended on March 31, 2016 1

6.31%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016 2

10.57%

Cumulative total return at NAV for the fiscal year through March 31, 2016 3

-2.47%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 2016 4

4.40%

 

 

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 March 31, 2016.



2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of March 31, 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 March 31, 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 March 31, 2016 measured on the dollar value of the

  distributions in year-to-date period as a percentage of the Fund's NAV as of March 31, 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-300260166.html

SOURCE Eaton Vance Management

PR Newswire
April 29, 2016 - 12:30 PM EDT

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