PR Newswire | Sep 30, 2020 09:49AM EDT

09/30 08:48 CDT

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions BOSTON, Sept. 30, 2020

BOSTON, Sept. 30, 2020 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their September 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 September distribution. It is not determinative of the tax character of a Fund's distributions for the 2020 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 September distribution and its cumulative distributions paid for its fiscal year through September 30, 2020, 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: September- 2020

Distribution Amount per Common Share: $0.0898

Distribution Frequency: Monthly

Fiscal Year End: September

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

Net Investment Income $0.0128 14.20% $0.1272 11.80%

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) $0.0770 85.80% $0.9504 88.20%

Total per common share $0.0898 100.00% $1.0776 100.00%

Average annual total return at NAV for the 5-year period ended on August 31, 11.23%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 6.66%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 14.95%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 6.11%August 31, 2020 ^4

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

Distribution Period: September- 2020

Distribution Amount per Common Share: 0.0988

Distribution Frequency: Monthly

Fiscal Year End: December

% of Current Cumulative Distributions % of the CumulativeSource Current Distribution Distribution for the Fiscal Distributions for the 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) $0.0988 100.00% $0.8892 100.00%

Total per common share $0.0988 100.00% $0.8892 100.00%

Average annual total return at NAV for the 5-year period ended on August 31, 14.81%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 6.03%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 16.86%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 3.52%August 31, 2020 ^4

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

Distribution Period: September- 2020

Distribution Amount per Common Share: $0.0760

Distribution Frequency: Monthly

Fiscal Year End: December

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

Net Investment Income $0.0059 7.80% $0.0530 7.80%

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

Net Realized Long-Term Capital Gains $0.0701 92.20% $0.1360 19.90%

Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.4950 72.30%

Total per common share $0.0760 100.00% $0.6840 100.00%

Average annual total return at NAV for the 5-year period ended on August 31, 8.29%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 9.01%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 15.65%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 6.01%August 31, 2020 ^4

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

Distribution Period: September- 2020

Distribution Amount per Common Share: $0.1450

Distribution Frequency: Monthly

Fiscal Year End: October

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

Net Investment Income $0.0638 44.00% $0.5546 34.80%

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

Net Realized Long-Term Capital Gains $0.0462 31.90% $0.9345 58.60%

Return of Capital or Other Capital Source(s) $0.0350 24.10% $0.1059 6.60%

Total per common share $0.1450 100.00% $1.5950 100.00%

Average annual total return at NAV for the 5-year period ended on August 31, 9.27%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 7.88%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 -2.78%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 6.57%August 31, 2020 ^4

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

Distribution Period: September- 2020

Distribution Amount per Common Share: $0.1425

Distribution Frequency: Monthly

Fiscal Year End: October

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

Net Investment Income $0.0235 16.50% $0.3101 17.30%

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

Net Realized Long-Term Capital Gains $0.1190 83.50% $1.4824 82.70%

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

Total per common share $0.1425 100.00% $1.7925 100.00%

Average annual total return at NAV for the 5-year period ended on August 31, 10.97%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 7.02%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 10.05%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 6.78%August 31, 2020 ^4

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

Distribution Period: September- 2020

Distribution Amount per Common Share: $0.1080

Distribution Frequency: Monthly

Fiscal Year End: December

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

Net Investment Income $0.0083 7.70% $0.0875 9.00%

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

Net Realized Long-Term Capital Gains $0.0997 92.30% $0.2799 28.80%

Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.6046 62.20%

Total per common share $0.1080 100.00% $0.9720 100.00%

Average annual total return at NAV for the 5-year period ended on August 31, 6.86%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 9.24%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 -2.09%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 6.16%August 31, 2020 ^4

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

Distribution Period: September- 2020

Distribution Amount per Common Share: $0.1108

Distribution Frequency: Monthly

Fiscal Year End: December

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

Net Investment Income $0.0051 4.60% $0.0479 4.80%

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) $0.1057 95.40% $0.9493 95.20%

Total per common share $0.1108 100.00% $0.9972 100.00%

Average annual total return at NAV for the 5-year period ended on August 31, 8.87%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 9.62%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 0.90%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 6.41%August 31, 2020 ^4

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

Distribution Period: September- 2020

Distribution Amount per Common Share: $0.0843

Distribution Frequency: Monthly

Fiscal Year End: October

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

Net Investment Income $0.0079 9.40% $0.0853 9.20%

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) $0.0764 90.60% $0.8420 90.8%

Total per common share $0.0843 100.00% $0.9273 100.0%

Average annual total return at NAV for the 5-year period ended on August 31, 10.48%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 8.18%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 12.30%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 6.82%August 31, 2020 ^4

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

Distribution Period: September- 2020

Distribution Amount per Common Share: $0.0727

Distribution Frequency: Monthly

Fiscal Year End: December

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

Net Investment Income $0.0013 1.80% $0.0622 9.50%

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

Net Realized Long-Term Capital Gains $0.0714 98.20% $0.2800 42.80%

Return of Capital or Other Capital Source(s) $0.0000 0.00% $0.3121 47.70%

Total per common share $0.0727 100.00% $0.6543 100.00%

Average annual total return at NAV for the 5-year period ended on August 31, 6.32%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 8.94%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 -0.35%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 5.96%August 31, 2020 ^4

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

Distribution Period: September- 2020

Distribution Amount per Common Share: $0.1025

Distribution Frequency: Monthly

Fiscal Year End: October

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

Net Investment Income $0.1025 100.00% $1.1275 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 $0.1025 100.00% $1.1275 100.00%

Average annual total return at NAV for the 5-year period ended on August 31, 8.86%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 6.98%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 7.74%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 5.82%August 31, 2020 ^4

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

Distribution Period: September- 2020

Distribution Amount per Common Share: $0.0616

Distribution Frequency: Monthly

Fiscal Year End: October

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

Net Investment Income $0.0022 3.60% $0.0427 6.30%

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) $0.0594 96.40% $0.6349 93.70%

Total per common share $0.0616 100.00% $0.6776 100.00%

Average annual total return at NAV for the 5-year period ended on August 31, 8.12%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 8.57%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 7.44%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 7.14%August 31, 2020 ^4

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

Distribution Period: September- 2020

Distribution Amount per Common Share: $0.0708

Distribution Frequency: Monthly

Fiscal Year End: December

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

Net Investment Income $0.0013 1.80% $0.0185 2.90%

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) $0.0695 98.20% $0.6187 97.10%

Total per common share $0.0708 100.00% $0.6372 100.00%

Average annual total return at NAV for the 5-year period ended on August 31, 1.82%2020 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 8.42%August 31, 2020 ^2

Cumulative total return at NAV for the fiscal year through August 31, 2020 ^3 1.81%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 5.61%August 31, 2020 ^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 August 31, 2020

^2 The annualized current distribution rate is the cumulative distribution rateannualized as a percentage of the Fund's NAV as of August 31 ,2020

^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 August 31, 2020

including distributions paid and assuming reinvestment of thosedistributions.

^4 Cumulative fiscal year distribution rate for the period from the beginningof its fiscal year to August 31, 2020 measured on the dollar value of the

distributions in year-to-date period as a percentage of the Fund's NAV as ofAugust 31, 2020

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SOURCE Eaton Vance Management