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Jun 1, 2017 9:40 AM ET

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

iCrowdNewswire - Jun 1, 2017

BOSTON, May 31, 2017 /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 2017 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, 2017, 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- 2017

   

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

$0.0097

11.20%

$0.0712

10.30%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Return of Capital or Other Capital Source(s)

$0.0767

88.80%

$0.6200

89.70%

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, 2017 1

10.92%

 

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2017 2

7.32%

 

Cumulative total return at NAV for the fiscal year through April 30, 2017 3

 

9.49%

 

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2017 4

4.27%

 
     

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

   

Distribution Period: 

May- 2017

   

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

$0.0000

0.00%

$0.0000

0.00%

Net Realized Short-Term Capital Gains

$0.0102

11.70%

$0.0136

3.10%

Net Realized Long-Term Capital Gains

$0.0366

41.80%

$0.1308

29.90%

Return of Capital or Other Capital Source(s)

$0.0407

46.50%

$0.2931

67.00%

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, 2017 1

12.11%

 

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2017 2

7.10%

 

Cumulative total return at NAV for the fiscal year through April 30, 2017 3

 

11.05%

 

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2017 4

2.37%

 
     

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

  

Distribution Period: 

May- 2017

   

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

$0.0760

100.00%

$0.4140

100.00%

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)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0760

100.00%

$0.4140

100.00%

     

Average annual total return at NAV for the 5-year period ended on April 30, 2017 1

6.09%

 

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2017 2

9.12%

 

Cumulative total return at NAV for the fiscal year through April 30, 2017 3

 

3.87%

 

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2017 4

3.38%

 
     
     

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

   

Distribution Period: 

May- 2017

   

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

$0.0795

54.80%

$0.6582

50.40%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0470

3.60%

Net Realized Long-Term Capital Gains

$0.0655

45.20%

$0.5998

46.00%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1450

100.00%

$1.3050

100.00%

     

Average annual total return at NAV for the 5-year period ended on April 30, 2017 1

12.35%

 

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2017 2

7.81%

 

Cumulative total return at NAV for the fiscal year through April 30, 2017 3

 

9.05%

 

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2017 4

5.20%

 
     

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

  

Distribution Period: 

May- 2017

   

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

$0.0376

20.90%

$0.2315

18.40%

Net Realized Short-Term Capital Gains

$0.0201

11.20%

$0.0548

4.40%

Net Realized Long-Term Capital Gains

$0.1223

67.90%

$0.9737

77.20%

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, 2017 1

11.77%

 

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2017 2

9.16%

 

Cumulative total return at NAV for the fiscal year through April 30, 2017 3

 

13.56%

 

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2017 4

4.58%

 
     

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

   

Distribution Period: 

May- 2017

   

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

$0.0129

11.90%

$0.0651

12.10%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0038

3.50%

$0.0038

0.70%

Return of Capital or Other Capital Source(s)

$0.0913

84.60%

$0.4711

87.20%

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, 2017 1

9.41%

 

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2017 2

8.17%

 

Cumulative total return at NAV for the fiscal year through April 30, 2017 3

 

5.12%

 

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2017 4

2.72%

 
     

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

  

Distribution Period: 

May- 2017

   

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

$0.0079

7.10%

$0.0388

7.00%

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)

$0.1029

92.90%

$0.5152

93.00%

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, 2017 1

9.80%

 

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2017 2

9.23%

 

Cumulative total return at NAV for the fiscal year through April 30, 2017 3

 

5.65%

 

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2017 4

3.08%

 
     

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

  

Distribution Period: 

May- 2017

   

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

$0.0085

10.10%

$0.0572

9.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0531

63.00%

$0.1906

32.30%

Return of Capital or Other Capital Source(s)

$0.0227

26.90%

$0.3423

58.00%

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, 2017 1

11.18%

 

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2017 2

8.62%

 

Cumulative total return at NAV for the fiscal year through April 30, 2017 3

 

10.41%

 

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2017 4

4.31%

 
     

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

  

Distribution Period: 

May- 2017

   

Distribution Amount per Common Share: 

$0.0910

   

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

$0.0115

12.60%

$0.0482

10.30%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Return of Capital or Other Capital Source(s)

$0.0795

87.40%

$0.4194

89.70%

Total per common share

$0.0910

100.00%

$0.4676

100.00%

     

Average annual total return at NAV for the 5-year period ended on April 30, 2017 1

7.96%

 

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2017 2

9.72%

 

Cumulative total return at NAV for the fiscal year through April 30, 2017 3

 

8.50%

 

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2017 4

3.35%

 
     

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

  

Distribution Period: 

May- 2017

   

Distribution Amount per Common Share: 

$0.0760

   

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

$0.0070

9.20%

$0.0360

6.50%

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)

$0.0690

90.80%

$0.5172

93.50%

Total per common share

$0.0760

100.00%

$0.5532

100.00%

     

Average annual total return at NAV for the 5-year period ended on April 30, 2017 1

8.92%

 

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2017 2

9.81%

 

Cumulative total return at NAV for the fiscal year through April 30, 2017 3

 

10.13%

 

Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2017 4

5.13%

 
     
     
     

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, 2017

    

2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund’s NAV as of April 30, 2017.

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, 2017

   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, 2017 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, 2017

  

 

SOURCE Eaton Vance Management

Related Links

http://www.eatonvance.com

Contact Information:

Eaton Vance Management

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