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News   Press Releases

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

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

PR Newswire

BOSTON, May 31, 2016

BOSTON, May 31, 2016 /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 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 May distribution and its cumulative distributions paid for its fiscal year through May 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: 

May- 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

$0.0119

13.80%

$0.0749

10.80%

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)

$0.0745

86.20%

$0.6163

89.20%

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, 2016 1

8.39%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016 2

7.75%

Cumulative total return at NAV for the fiscal year through April 30, 2016 3

4.68%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2016 4

4.52%



































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


Distribution Period: 

May- 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

$0.0005

0.60%

$0.0020

0.50%

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)

$0.0870

99.40%

$0.4355

99.50%

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, 2016 1

9.65%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016 2

7.70%

Cumulative total return at NAV for the fiscal year through April 30, 2016 3

-2.77%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2016 4

2.57%





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

Distribution Period: 

May- 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

$0.0079

8.50%

$0.0398

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)

$0.0851

91.50%

$0.4252

91.40%

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, 2016 1

4.15%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016 2

10.72%

Cumulative total return at NAV for the fiscal year through April 30, 2016 3

-2.97%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2016 4

3.57%





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


Distribution Period: 

May- 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

$0.0430

48.20%

$0.3760

59.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Return of Capital or Other Capital Source(s)

$0.0470

51.80%

$0.2540

40.30%

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, 2016 1

3.11%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016 2

7.14%

Cumulative total return at NAV for the fiscal year through April 30, 2016 3

2.45%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2016 4

3.57%





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


Distribution Period: 

May- 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

$0.0691

47.60%

$0.7793

59.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.3914

30.00%

Return of Capital or Other Capital Source(s)

$0.0759

52.40%

$0.1343

10.30%

Total per common share

$0.1450

100.00%

$1.3050

100.00%





Average annual total return at NAV for the 5-year period ended on April 30, 2016 1

9.34%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016 2

8.25%

Cumulative total return at NAV for the fiscal year through April 30, 2016 3

5.57%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2016 4

5.50%





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

Distribution Period: 

May- 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

$0.0716

39.80%

$0.4196

33.30%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1084

60.20%

$0.8404

66.70%

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, 2016 1

7.19%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016 2

9.60%

Cumulative total return at NAV for the fiscal year through April 30, 2016 3

-1.47%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2016 4

4.80%





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


Distribution Period: 

May- 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

$0.0156

14.50%

$0.0808

15.00%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0902

83.50%

$0.0902

16.70%

Return of Capital or Other Capital Source(s)

$0.0022

2.00%

$0.3690

68.30%

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, 2016 1

8.73%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016 2

8.57%

Cumulative total return at NAV for the fiscal year through April 30, 2016 3

0.32%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2016 4

2.86%





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

Distribution Period: 

May- 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

$0.0100

9.00%

$0.0459

8.30%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1008

91.00%

$0.1381

24.90%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.3700

66.80%

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, 2016 1

9.47%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016 2

9.58%

Cumulative total return at NAV for the fiscal year through April 30, 2016 3

-1.59%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2016 4

3.19%





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

Distribution Period: 

May- 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

$0.0095

11.30%

$0.0566

9.60%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0708

12.00%

Return of Capital or Other Capital Source(s)

$0.0748

88.70%

$0.4627

78.40%

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, 2016 1

8.00%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016 2

9.02%

Cumulative total return at NAV for the fiscal year through April 30, 2016 3

-2.15%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2016 4

4.51%





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

Distribution Period: 

May- 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

$0.0139

14.30%

$0.0545

11.20%

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)

$0.0834

85.70%

$0.4320

88.80%

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, 2016 1

5.82%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016 2

10.60%

Cumulative total return at NAV for the fiscal year through April 30, 2016 3

-1.12%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2016 4

3.53%





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

Distribution Period: 

May- 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

$0.0181

22.30%

$0.0933

16.40%

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)

$0.0632

77.70%

$0.4758

83.60%

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, 2016 1

5.61%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016 2

10.47%

Cumulative total return at NAV for the fiscal year through April 30, 2016 3

-0.61%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2016 4

5.23%

 

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, 2016.



2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of April 30, 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 April 30, 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 April 30, 2016 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, 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-300277163.html

SOURCE Eaton Vance Management

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