Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
10:30 am ET June 30, 2022 (BusinessWire) Print
The Eaton Vance closed-end funds listed below released today the estimated sources of their June 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 June 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 June distribution and its cumulative distributions paid for its fiscal year through June 30, 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)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.1095
Distribution Frequency: Monthly
Fiscal Year End: September
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
Fiscal Year-
to-Date
Net Investment Income $0.0099 9.00% $0.0404 4.10%
Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00%
Net Realized Long-Term Capital Gains $0.0996 91.00% $0.9451 95.90%
Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00%
Total per common share $0.1095 100.00% $0.9855 100.00%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 (1) 10.51%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 (2) 8.00%
Cumulative total return at NAV for the fiscal year through May 31, 2022 (3) -5.21% -5.21%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 (4) 5.33%
Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.1373
Distribution Frequency: Monthly
Fiscal Year End: December
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
Fiscal Year-
to-Date
Net Investment Income $0.0000 0.00% $0.0000 0.00%
Net Realized Short-Term Capital Gains $0.0836 60.90% $0.3335 40.50%
Net Realized Long-Term Capital Gains $0.0537 39.10% $0.3666 44.50%
Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.1237 15.00%
Total per common share $0.1373 100.00% $0.8238 100.00%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 1 10.77%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2 9.20%
Cumulative total return at NAV for the fiscal year through May 31, 2022 3 -21.84% -21.84%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4 3.83%
Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.0760
Distribution Frequency: Monthly
Fiscal Year End: December
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
Fiscal Year-
to-Date
Net Investment Income $0.0037 4.90% $0.0119 2.60%
Net Realized Short-Term Capital Gains $0.0227 29.90% $0.1304 28.60%
Net Realized Long-Term Capital Gains $0.0496 65.20% $0.3137 68.80%
Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00%
Total per common share $0.0760 100.00% $0.4560 100.00%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 1 7.38%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2 10.27%
Cumulative total return at NAV for the fiscal year through May 31, 2022 3 -10.91% -10.91%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4 4.28%
Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.1626
Distribution Frequency: Monthly
Fiscal Year End: October
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
Fiscal Year-
to-Date
Net Investment Income $0.0446 27.40% $0.3707 28.50%
Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00%
Net Realized Long-Term Capital Gains $0.1180 72.60% $0.9301 71.50%
Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00%
Total per common share $0.1626 100.00% $1.3008 100.00%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 1 11.34%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2 7.50%
Cumulative total return at NAV for the fiscal year through May 31, 2022 3 -5.23% -5.23%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4 4.38%
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.1792
Distribution Frequency: Monthly
Fiscal Year End: October
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
Fiscal Year-
to-Date
Net Investment Income $0.0862 48.10% $0.3686 25.70%
Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00%
Net Realized Long-Term Capital Gains $0.0000 0.00% $0.5247 36.60%
Return of Capital or Other Capital Source(s) $0.0930 51.90% $0.5403 37.70%
Total per common share $0.1792 100.00% $1.4336 100.00%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 1 10.35%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2 8.33%
Cumulative total return at NAV for the fiscal year through May 31, 2022 3 -14.00% -14.00%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4 4.86%
Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.1080
Distribution Frequency: Monthly
Fiscal Year End: December
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
Fiscal Year-
to-Date
Net Investment Income $0.0079 7.30% $0.0285 4.40%
Net Realized Short-Term Capital Gains $0.0533 49.40% $0.2890 44.60%
Net Realized Long-Term Capital Gains $0.0468 43.30% $0.3305 51.00%
Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00%
Total per common share $0.1080 100.00% $0.6480 100.00%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 1 6.90%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2 8.92%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4 3.72%
Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.1108
Distribution Frequency: Monthly
Fiscal Year End: December
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
Fiscal Year-
to-Date
Net Investment Income $0.0025 2.30% $0.0087 1.30%
Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00%
Net Realized Long-Term Capital Gains $0.1083 97.70% $0.3440 51.80%
Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.3121 46.90%
Total per common share $0.1108 100.00% $0.6648 100.00%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 1 8.21%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2 9.80%
Cumulative total return at NAV for the fiscal year through May 31, 2022 3 -12.60% -12.60%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4 4.08%
Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.0929
Distribution Frequency: Monthly
Fiscal Year End: October
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
Fiscal Year-
to-Date
Net Investment Income $0.0062 6.60% $0.0275 3.70%
Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00%
Net Realized Long-Term Capital Gains $0.0867 93.40% $0.7157 96.30%
Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.0%
Total per common share $0.0929 100.00% $0.7432 100.0%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 1 9.66%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2 9.13%
Cumulative total return at NAV for the fiscal year through May 31, 2022 3 -10.74% -10.74%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4 5.33%
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.0727
Distribution Frequency: Monthly
Fiscal Year End: December
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
Fiscal Year-
to-Date
Net Investment Income $0.0055 7.50% $0.0366 8.40%
Net Realized Short-Term Capital Gains $0.0512 70.50% $0.2400 55.00%
Net Realized Long-Term Capital Gains $0.0160 22.00% $0.1596 36.60%
Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00%
Total per common share $0.0727 100.00% $0.4362 100.00%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 1 5.54%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2 9.29%
Cumulative total return at NAV for the fiscal year through May 31, 2022 3 -10.82% -10.82%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4 3.87%
Eaton Vance Tax-Advantaged Global Dividend Income (NYSE: ETG)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.1300
Distribution Frequency: Monthly
Fiscal Year End: October
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
Fiscal Year-
to-Date
Net Investment Income $0.0581 44.70% $0.2569 24.70%
Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00%
Net Realized Long-Term Capital Gains $0.0000 0.00% $0.3584 34.50%
Return of Capital or Other Capital Source(s) $0.0719 55.30% $0.4247 40.80%
Total per common share $0.1300 100.00% $1.0400 100.00%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 1 8.85%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2 8.28%
Cumulative total return at NAV for the fiscal year through May 31, 2022 3 -12.86% -12.86%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4 4.83%
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.0689
Distribution Frequency: Monthly
Fiscal Year End: October
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
Fiscal Year-
to-Date
Net Investment Income $0.0081 11.70% $0.0281 5.10%
Net Realized Short-Term Capital Gains $0.0122 17.80% $0.1554 28.20%
Net Realized Long-Term Capital Gains $0.0486 70.50% $0.3677 66.70%
Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00%
Total per common share $0.0689 100.00% $0.5512 100.00%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 1 8.52%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2 9.26%
Cumulative total return at NAV for the fiscal year through May 31, 2022 3 -9.33% -9.33%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4 5.40%
Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD)
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Distribution Period: June- 2022
Distribution Amount per Common Share: $0.0708
Distribution Frequency: Monthly
Fiscal Year End: December
Source Current Distribution % of Current Cumulative % of the Cumulative
Distribution Distributions Distributions for the
for the Fiscal Year-to-Date
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% $0.0000 0.00%
Net Realized Long-Term Capital Gains $0.0000 0.00% $0.0000 0.00%
Return of Capital or Other Capital Source(s) $0.0708 100.00% $0.4248 100.00%
Total per common share $0.0708 100.00% $0.4248 100.00%
Average annual total return at NAV for the 5-year period ended on May 31, 2022 1 4.20%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2 8.32%
Cumulative total return at NAV for the fiscal year through May 31, 2022 3 -12.61% -12.61%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4 3.47%
(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 May 31, 2022
(2) The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of May 31, 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 May 31, 2022
including distributions paid and assuming reinvestment of those distributions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220630005627/en/
SOURCE: Eaton Vance
Investor Contact: (800) 262-1122
COMTEX_409482523/1006/2022-06-30T10:30:00