PR Newswire | Jan 29, 2021 10:10AM EST

01/29 09:09 CST

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions BOSTON, Jan. 29, 2021

BOSTON, Jan. 29, 2021 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their January 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 January distribution. It is not determinative of the tax character of a Fund's distributions for the 2021 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 January distribution and its cumulative distributions paid for its fiscal year through January 29, 2021, 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: January- 2020

Distribution Amount per Common Share: $0.0898

Distribution Frequency: Monthly

Fiscal Year End: September

Cumulative % of the Distributions CumulativeSource Current Distribution % of Current for the Distributions Distribution Fiscal for the Year-to-Date Fiscal Year-to-Date

Net Investment Income $0.0023 2.60% $0.0169 4.70%

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) $0.0875 97.40% $0.3423 95.30%

Total per common share $0.0898 100.00% $0.3592 100.00%

Average annual total return at NAV for the 5-year period ended on December 31, 11.86%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 6.39%December 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through December 31, 2020 ^3 9.42%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 1.60%December 31, 2020 ^4



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

Distribution Period: January- 2020

Distribution Amount per Common Share: 0.0988

Distribution Frequency: Monthly

Fiscal Year End: December

Cumulative % of the Distributions CumulativeSource Current Distribution % of Current for the Distributions Distribution Fiscal for the 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) $0.0988 100.00% $0.0988 100.00%

Total per common share $0.0988 100.00% $0.0988 100.00%

Average annual total return at NAV for the 5-year period ended on December 31, 15.94%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 5.59%December 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through December 31, 2020 ^3 28.55%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 5.13%December 31, 2020 ^4

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

Distribution Period: January- 2020

Distribution Amount per Common Share: $0.0760

Distribution Frequency: Monthly

Fiscal Year End: December

Cumulative % of the Distributions CumulativeSource Current Distribution % of Current for the Distributions Distribution Fiscal for the Year-to-Date Fiscal Year-to-Date

Net Investment Income $0.0011 1.40% $0.0011 1.40%

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) $0.0749 98.60% $0.0749 98.60%

Total per common share $0.0760 100.00% $0.0760 100.00%

Average annual total return at NAV for the 5-year period ended on December 31, 8.50%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 9.05%December 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through December 31, 2020 ^3 18.78%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 9.05%December 31, 2020 ^4

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

Distribution Period: January- 2020

Distribution Amount per Common Share: $0.1425

Distribution Frequency: Monthly

Fiscal Year End: October

% of the Cumulative Cumulative % of Current DistributionsSource Current Distribution Distribution for the Distributions Fiscal for the Year-to-Date Fiscal Year-to-Date

Net Investment Income $0.0249 17.50% $0.0787 18.40%

Net Realized Short-Term Capital Gains $0.1176 82.50% $0.3428 80.20%

Net Realized Long-Term Capital Gains $0.0000 0.00% $0.0060 1.40%

Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.0000 0.00%

Total per common share $0.1425 100.00% $0.4275 100.00%

Average annual total return at NAV for the 5-year period ended on December 31, 12.95%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 6.35%December 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through December 31, 2020 ^3 21.66%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 1.06%December 31, 2020 ^4

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

Distribution Period: January- 2020

Distribution Amount per Common Share: $0.1080

Distribution Frequency: Monthly

Fiscal Year End: December

Cumulative % of the Distributions CumulativeSource Current Distribution % of Current for the Distributions Distribution Fiscal for the Year-to-Date Fiscal Year-to-Date

Net Investment Income $0.0041 3.80% $0.0041 3.80%

Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00%

Net Realized Long-Term Capital Gains $0.0391 36.20% $0.0391 36.20%

Return of Capital or Other Capital Source(s) $0.0648 60.00% $0.0648 60.00%

Total per common share $0.1080 100.00% $0.1080 100.00%

Average annual total return at NAV for the 5-year period ended on December 31, 7.60%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 8.88%December 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through December 31, 2020 ^3 5.07%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 8.88%December 31, 2020 ^4

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

Distribution Period: January- 2020

Distribution Amount per Common Share: $0.1108

Distribution Frequency: Monthly

Fiscal Year End: December

Cumulative % of the Distributions CumulativeSource Current Distribution % of Current for the Distributions Distribution Fiscal for the Year-to-Date Fiscal Year-to-Date

Net Investment Income $0.0009 0.80% $0.0009 0.80%

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) $0.1099 99.20% $0.1099 99.20%

Total per common share $0.1108 100.00% $0.1108 100.00%

Average annual total return at NAV for the 5-year period ended on December 31, 9.62%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 9.18%December 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through December 31, 2020 ^3 9.14%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 9.18%December 31, 2020 ^4

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

Distribution Period: January- 2020

Distribution Amount per Common Share: $0.0843

Distribution Frequency: Monthly

Fiscal Year End: October

Cumulative % of the Distributions CumulativeSource Current Distribution % of Current for the Distributions Distribution Fiscal for the Year-to-Date Fiscal Year-to-Date

Net Investment Income $0.0019 2.30% $0.0084 3.30%

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) $0.0824 97.70% $0.2445 96.7%

Total per common share $0.0843 100.00% $0.2529 100.0%

Average annual total return at NAV for the 5-year period ended on December 31, 10.86%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 7.95%December 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through December 31, 2020 ^3 11.27%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 1.32%December 31, 2020 ^4

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

Distribution Period: January- 2020

Distribution Amount per Common Share: $0.0727

Distribution Frequency: Monthly

Fiscal Year End: December

Cumulative % of the Distributions CumulativeSource Current Distribution % of Current for the Distributions Distribution Fiscal for the Year-to-Date Fiscal Year-to-Date

Net Investment Income $0.0031 4.20% $0.0031 4.20%

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) $0.0696 95.80% $0.0696 95.80%

Total per common share $0.0727 100.00% $0.0727 100.00%

Average annual total return at NAV for the 5-year period ended on December 31, 7.84%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 8.47%December 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through December 31, 2020 ^3 8.55%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 8.47%December 31, 2020 ^4

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

Distribution Period: January- 2020

Distribution Amount per Common Share: $0.1025

Distribution Frequency: Monthly

Fiscal Year End: October

Cumulative % of the Distributions CumulativeSource Current Distribution % of Current for the Distributions Distribution Fiscal for the Fiscal Year-to-Date Year-to-Date

Net Investment Income $0.0202 19.70% $0.0569 18.50%

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) $0.0823 80.30% $0.2506 81.50%

Total per common share $0.1025 100.00% $0.3075 100.00%

Average annual total return at NAV for the 5-year period ended on December 31, 11.12%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 6.28%December 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through December 31, 2020 ^3 22.57%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 1.05%December 31, 2020 ^4

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

Distribution Period: January- 2020

Distribution Amount per Common Share: $0.0616

Distribution Frequency: Monthly

Fiscal Year End: October

Cumulative % of the Distributions CumulativeSource Current Distribution % of Current for the Distributions Distribution Fiscal for the Year-to-Date Fiscal Year-to-Date

Net Investment Income $0.0004 0.70% $0.0028 1.50%

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) $0.0612 99.30% $0.1820 98.50%

Total per common share $0.0616 100.00% $0.1848 100.00%

Average annual total return at NAV for the 5-year period ended on December 31, 9.67%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 7.92%December 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through December 31, 2020 ^3 16.99%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 1.32%December 31, 2020 ^4

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

Distribution Period: January- 2020

Distribution Amount per Common Share: $0.0708

Distribution Frequency: Monthly

Fiscal Year End: December

Cumulative % of the Distributions CumulativeSource Current Distribution % of Current for the Distributions Distribution Fiscal for the 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% $0.0708 100.00%

Total per common share $0.0708 100.00% $0.0708 100.00%

Average annual total return at NAV for the 5-year period ended on December 31, 2.78%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 8.07%December 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through December 31, 2020 ^3 9.44%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 8.07%December 31, 2020 ^4

Average annual total return at NAV represents the change in NAV of the Fund,^1 with all distributions reinvested, for the 5-year period ended on December 31, 2020

^ The annualized current distribution rate is the cumulative distribution rate2 annualized as a percentage of the Fund's NAV as of December 31,2020

Cumulative total return at NAV is the percentage change in the Fund's NAV for^3 the period from the beginning of its fiscal year to December 31, 2020 including distributions paid and assuming reinvestment of those distributions.

Cumulative fiscal year distribution rate for the period from the beginning of^ its fiscal year to December 31, 2020 measured on the dollar value of4 the distributions in year-to-date period as a percentage of the Fund's NAV as of December 31, 2020

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SOURCE Eaton Vance Management