PR Newswire | Aug 31, 2021 10:02AM EDT

08/31 09:00 CDT

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions BOSTON, Aug. 31, 2021

BOSTON, Aug. 31, 2021 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their August 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 August 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 August distribution and its cumulative distributions paid for its fiscal year through August 31, 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: August- 2021

Distribution Amount per Common Share: $0.1095

Distribution Frequency: Monthly

Fiscal Year End: September

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

Net Investment Income $0.0128 11.70% $0.0625 6.20%

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

Net Realized Long-Term Capital Gains $0.0897 81.90% $0.9279 92.10%

Return of Capital or Other Capital Source(s) $0.0070 6.40% $0.0171 1.70%

Total per common share $0.1095 100.00% $1.0075 100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 14.37%^1

Annualized current distribution rate expressed as a percentage of NAV as of 5.74%July 31, 2021 ^2

Cumulative total return at NAV for the fiscal year through July 31, 2021 ^3 26.22%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 4.78%July 31, 2021 ^4

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

Distribution Period: August- 2021

Distribution Amount per Common Share: $0.1373

Distribution Frequency: Monthly

Fiscal Year End: December

Cumulative % of the CumulativeSource Current Distribution % of Current Distribution Distributions for Distributions for the the Fiscal Fiscal Year-to-Date 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 $0.1373 100.00% $0.8289 100.00%

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

Total per common share $0.1373 100.00% $0.8289 100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 18.23%^1

Annualized current distribution rate expressed as a percentage of NAV as of 5.04%July 31, 2021^ 2

Cumulative total return at NAV for the fiscal year through July 31, 2021^ 3 14.48%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 2.94%July 31, 2021 ^4

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

Distribution Period: August- 2021

Distribution Amount per Common Share: $0.0760

Distribution Frequency: Monthly

Fiscal Year End: December

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

Net Investment Income $0.0042 5.50% $0.0213 3.50%

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

Net Realized Long-Term Capital Gains $0.0416 54.70% $0.1021 16.80%

Return of Capital or Other Capital Source(s) $0.0302 39.80% $0.4846 79.70%

Total per common share $0.0760 100.00% $0.6080 100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 10.42%^ 1

Annualized current distribution rate expressed as a percentage of NAV as of 8.76%July 31, 2021 ^2

Cumulative total return at NAV for the fiscal year through July 31, 2021 ^3 8.66%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 5.11%July 31, 2021 ^4

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

Distribution Period: August- 2021

Distribution Amount per Common Share: $0.1626

Distribution Frequency: Monthly

Fiscal Year End: October

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

Net Investment Income $0.0496 30.50% $0.4840 33.00%

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

Net Realized Long-Term Capital Gains $0.1130 69.50% $0.9836 67.00%

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

Total per common share $0.1626 100.00% $1.4676 100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 13.62%^1

Annualized current distribution rate expressed as a percentage of NAV as of 6.24%July 31, 2021 ^2

Cumulative total return at NAV for the fiscal year through July 31, 2021^ 3 39.49%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 4.68%July 31, 2021 ^4

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

Distribution Period: August- 2021

Distribution Amount per Common Share: $0.1792

Distribution Frequency: Monthly

Fiscal Year End: October

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

Net Investment Income $0.0450 25.10% $0.3369 23.10%

Net Realized Short-Term Capital Gains $0.0000 0.00% $0.4170 28.50%

Net Realized Long-Term Capital Gains $0.1342 74.90% $0.7078 48.40%

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

Total per common share $0.1792 100.00% $1.4617 100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 15.72%^1

Annualized current distribution rate expressed as a percentage of NAV as of 5.57%July 31, 2021^ 2

Cumulative total return at NAV for the fiscal year through July 31, 2021^ 3 43.83%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 4.17%July 31, 2021 ^4

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

Distribution Period: August- 2021

Distribution Amount per Common Share: $0.1080

Distribution Frequency: Monthly

Fiscal Year End: December

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

Net Investment Income $0.0046 4.30% $0.0406 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% $0.1745 20.20%

Return of Capital or Other Capital Source(s) $0.1034 95.70% $0.6489 75.10%

Total per common share $0.1080 100.00% $0.8640 100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 9.62%^1

Annualized current distribution rate expressed as a percentage of NAV as of 8.15%July 31, 2021^ 2

Cumulative total return at NAV for the fiscal year through July 31, 2021^ 3 14.54%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 4.75%July 31, 2021 ^4

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

Distribution Period: August- 2021

Distribution Amount per Common Share: $0.1108

Distribution Frequency: Monthly

Fiscal Year End: December

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

Net Investment Income $0.0004 0.40% $0.0089 1.00%

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) $0.1104 99.60% $0.8775 99.00%

Total per common share $0.1108 100.00% $0.8864 100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 12.22%^ 1

Annualized current distribution rate expressed as a percentage of NAV as of 8.42%July 31, 2021^ 2

Cumulative total return at NAV for the fiscal year through July 31, 2021^ 3 14.77%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 4.91%July 31, 2021 ^4

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

Distribution Period: August- 2021

Distribution Amount per Common Share: $0.0929

Distribution Frequency: Monthly

Fiscal Year End: October

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

Net Investment Income $0.0075 8.10% $0.0409 4.80%

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

Net Realized Long-Term Capital Gains $0.0854 91.90% $0.5220 61.30%

Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.2887 33.9%

Total per common share $0.0929 100.00% $0.8516 100.0%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 13.38%^ 1

Annualized current distribution rate expressed as a percentage of NAV as of 7.26%July 31, 2021 ^2

Cumulative total return at NAV for the fiscal year through July 31, 2021 ^3 27.39%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 5.44%July 31, 2021 ^4

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

Distribution Period: August- 2021

Distribution Amount per Common Share: $0.0727

Distribution Frequency: Monthly

Fiscal Year End: December

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

Net Investment Income $0.0070 9.60% $0.0434 7.50%

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

Net Realized Long-Term Capital Gains $0.0657 90.40% $0.3225 55.40%

Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.2157 37.10%

Total per common share $0.0727 100.00% $0.5816 100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 9.76%^ 1

Annualized current distribution rate expressed as a percentage of NAV as of 8.00%July 31, 2021 ^2

Cumulative total return at NAV for the fiscal year through July 31, 2021 ^3 11.18%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 4.66%July 31, 2021 ^4

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

Distribution Period: August- 2021

Distribution Amount per Common Share: $0.1300

Distribution Frequency: Monthly

Fiscal Year End: October

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

Net Investment Income $0.0975 75.00% $0.6115 58.10%

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

Net Realized Long-Term Capital Gains $0.0060 4.60% $0.3768 35.80%

Return of Capital or Other Capital Source(s) $0.0265 20.40% $0.0642 6.10%

Total per common share $0.1300 100.00% $1.0525 100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 14.46%^ 1

Annualized current distribution rate expressed as a percentage of NAV as of 5.52%July 31, 2021 ^2

Cumulative total return at NAV for the fiscal year through July 31, 2021 ^3 44.68%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 4.14%July 31, 2021 ^4

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

Distribution Period: August- 2021

Distribution Amount per Common Share: $0.0689

Distribution Frequency: Monthly

Fiscal Year End: October

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

Net Investment Income $0.0065 9.40% $0.0299 4.80%

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

Net Realized Long-Term Capital Gains $0.0428 62.10% $0.2369 38.00%

Return of Capital or Other Capital Source(s) $0.0196 28.50% $0.3565 57.20%

Total per common share $0.0689 100.00% $0.6233 100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 12.38%^1

Annualized current distribution rate expressed as a percentage of NAV as of 7.16%July 31, 2021 ^2

Cumulative total return at NAV for the fiscal year through July 31, 2021^ 3 35.42%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 5.37%July 31, 2021 ^4

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

Distribution Period: August- 2021

Distribution Amount per Common Share: $0.0708

Distribution Frequency: Monthly

Fiscal Year End: December

Cumulative % of the CumulativeSource Current Distribution % of Current Distribution Distributions for Distributions for the the Fiscal Fiscal Year-to-Date 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% $0.5664 100.00%

Total per common share $0.0708 100.00% $0.5664 100.00%

Average annual total return at NAV for the 5-year period ended on July 31, 2021 6.02%^1

Annualized current distribution rate expressed as a percentage of NAV as of 7.32%July 31, 2021 ^2

Cumulative total return at NAV for the fiscal year through July 31, 2021^ 3 15.22%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 4.27%July 31, 2021^ 4

^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 July 31, 2021

^2 The annualized current distribution rate is the cumulative distribution rateannualized as a percentage of the Fund's NAV as of July 31, 2021

^3 Cumulative total return at NAV is the percentage change in the Fund's NAVfor the period from the beginning of its fiscal year to July 31, 2021

including distributions paid and assuming reinvestment of thosedistributions.

^4 Cumulative fiscal year distribution rate for the period from the beginningof its fiscal year to July 31, 2021 measured on the dollar value of the

distributions in year-to-date period as a percentage of the Fund's NAV as ofMay 31, 2021

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SOURCE Eaton Vance Management