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Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

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BOSTON, July 29, 2022--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their July 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, 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 July distribution. It is not determinative of the tax character of a Fund’s distributions for the 2022 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 July distribution and its cumulative distributions paid for its fiscal year through July 31, 2022, 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:

July- 2022

Distribution Amount per Common Share:

$0.1095

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

$0.0095

8.70%

$0.0504

4.60%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0075

6.80%

$0.9515

86.90%

Return of Capital or Other Capital Source(s)

$0.0925

84.50%

$0.0931

8.50%

Total per common share

$0.1095

100.00%

$1.0950

100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

8.58%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

8.71%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-12.31%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

6.54%

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

Distribution Period:

July- 2022

Distribution Amount per Common Share:

$0.1373

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

$0.0000

0.00%

$0.0000

0.00%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.3224

33.60%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.3665

38.10%

Return of Capital or Other Capital Source(s)

$0.1373

100.00%

$0.2722

28.30%

Total per common share

$0.1373

100.00%

$0.9611

100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

9.19%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

9.96%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-27.18%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

4.98%

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

Distribution Period:

July- 2022

Distribution Amount per Common Share:

$0.0760

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

$0.0036

4.80%

$0.0154

2.90%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0724

95.20%

$0.5166

97.10%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0760

100.00%

$0.5320

100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

5.81%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

11.05%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-16.47%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

5.53%

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

Distribution Period:

July- 2022

Distribution Amount per Common Share:

$0.1626

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

$0.0441

27.10%

$0.4141

28.30%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1185

72.90%

$1.0493

71.70%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1626

100.00%

$1.4634

100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

8.92%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

8.29%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-13.57%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

5.52%

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

Distribution Period:

July- 2022

Distribution Amount per Common Share:

$0.1792

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

$0.0763

42.60%

$0.4451

27.60%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.3355

20.80%

Return of Capital or Other Capital Source(s)

$0.1029

57.40%

$0.8322

51.60%

Total per common share

$0.1792

100.00%

$1.6128

100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

7.64%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

9.43%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-23.38%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

6.28%

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

Distribution Period:

July- 2022

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

$0.0076

7.00%

$0.0360

4.80%

Net Realized Short-Term Capital Gains

$0.1004

93.00%

$0.4440

58.70%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.2760

36.50%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1080

100.00%

$0.7560

100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

5.41%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

9.56%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-13.95%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

4.78%

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

Distribution Period:

July- 2022

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

$0.0048

4.30%

$0.0135

1.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.1268

16.40%

Return of Capital or Other Capital Source(s)

$0.1060

95.70%

$0.6353

81.90%

Total per common share

$0.1108

100.00%

$0.7756

100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

7.02%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

10.43%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-17.17%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

5.21%

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

Distribution Period:

July- 2022

Distribution Amount per Common Share:

$0.0929

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

$0.0064

6.90%

$0.0343

4.10%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0865

93.10%

$0.8018

95.90%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.0%

Total per common share

$0.0929

100.00%

$0.8361

100.0%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

7.94%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

9.85%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-16.56%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

6.57%

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

Distribution Period:

July- 2022

Distribution Amount per Common Share:

$0.0727

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

$0.0092

12.60%

$0.0458

9.00%

Net Realized Short-Term Capital Gains

$0.0512

70.50%

$0.2911

57.20%

Net Realized Long-Term Capital Gains

$0.0123

16.90%

$0.1720

33.80%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0727

100.00%

$0.5089

100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

4.04%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

10.04%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-16.76%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

5.02%

Eaton Vance Tax-Advantaged Global Dividend Income (NYSE: ETG)

Distribution Period:

July- 2022

Distribution Amount per Common Share:

$0.1300

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

$0.0559

43.00%

$0.3136

26.80%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.2083

17.80%

Return of Capital or Other Capital Source(s)

$0.0741

57.00%

$0.6481

55.40%

Total per common share

$0.1300

100.00%

$1.1700

100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

6.20%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

9.41%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-22.66%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

6.27%

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

Distribution Period:

July- 2022

Distribution Amount per Common Share:

$0.0689

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

$0.0082

12.00%

$0.0362

5.80%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.1316

21.20%

Net Realized Long-Term Capital Gains

$0.0607

88.00%

$0.4523

73.00%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0689

100.00%

$0.6201

100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

6.60%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

10.16%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-16.63%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

6.77%

Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD)

Distribution Period:

July- 2022

Distribution Amount per Common Share:

$0.0708

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

$0.0006

0.80%

$0.0005

0.10%

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)

$0.0702

99.20%

$0.4951

99.90%

Total per common share

$0.0708

100.00%

$0.4956

100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2022 1

3.09%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2022 2

8.84%

Cumulative total return at NAV for the fiscal year through June 30, 2022 3

-17.14%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2022 4

4.42%

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 June 30, 2022
2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of June 30, 2022
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 June 30, 2022 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 June 30, 2022 measured on the dollar value of the distributions in year-to-date period as a percentage of the Fund's NAV as of June 30, 2022

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