PR Newswire | Nov 30, 2021 10:01AM EST

11/30 09:00 CST

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions BOSTON, Nov. 30, 2021

BOSTON, Nov. 30, 2021 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their November 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 November 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 November distribution and its cumulative distributions paid for its fiscal year through November 30, 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: November- 2021

Distribution Amount per Common Share: $0.1095

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 $0.0014 1.30% $0.0020 0.90%

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

Net Realized Long-Term Capital Gains $0.0112 10.20% $0.0510 23.30%

Return of Capital or Other Capital Source(s) $0.0969 88.50% $0.1660 75.80%

Total per common share $0.1095 100.00% $0.2190 100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 15.93%2021 ^1

Annualized current distribution rate expressed as a percentage of NAV as of 6.77%October 31, 2021 ^2

Cumulative total return at NAV for the fiscal year through October 31, 2021 ^3 7.37%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 0.56%October 31, 2021 ^4



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

Distribution Period: November- 2021

Distribution Amount per Common Share: $0.1373

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% $0.8748 70.50%

Return of Capital or Other Capital Source(s) $0.1373 100.00% $0.3660 29.50%

Total per common share $0.1373 100.00% $1.2408 100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 19.11%2021 1

Annualized current distribution rate expressed as a percentage of NAV as of 6.98%October 31, 2021 2

Cumulative total return at NAV for the fiscal year through October 31, 2021 3 16.80%

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

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

Distribution Period: November- 2021

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 $0.0057 7.50% $0.0351 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) $0.0703 92.50% $0.8009 95.80%

Total per common share $0.0760 100.00% $0.8360 100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 11.27%2021 1

Annualized current distribution rate expressed as a percentage of NAV as of 8.73%October 31, 2021 2

Cumulative total return at NAV for the fiscal year through October 31, 2021 3 11.46%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 7.27%October 31, 2021 4

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

Distribution Period: November- 2021

Distribution Amount per Common Share: $0.1626

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 $0.0393 24.20% $0.0393 24.20%

Net Realized Short-Term Capital Gains $0.0067 4.10% $0.0067 4.10%

Net Realized Long-Term Capital Gains $0.1166 71.70% $0.1166 71.70%

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

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

Average annual total return at NAV for the 5-year period ended on October 31, 15.08%2021 1

Annualized current distribution rate expressed as a percentage of NAV as of 6.82%October 31, 2021 2

Cumulative total return at NAV for the fiscal year through October 31, 2021 3 45.70%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 6.27%October 31, 2021 4

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

Distribution Period: November- 2021

Distribution Amount per Common Share: $0.1792

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 $0.0177 9.90% $0.0177 9.90%

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

Net Realized Long-Term Capital Gains $0.1367 76.30% $0.1367 76.30%

Return of Capital or Other Capital Source(s) $0.0248 13.80% $0.0248 13.80%

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

Average annual total return at NAV for the 5-year period ended on October 31, 17.19%2021 1

Annualized current distribution rate expressed as a percentage of NAV as of 6.85%October 31, 2021 2

Cumulative total return at NAV for the fiscal year through October 31, 2021 3 49.45%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 5.80%October 31, 2021 4

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

Distribution Period: November- 2021

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 $0.0001 0.10% $0.0392 3.30%

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

Net Realized Long-Term Capital Gains $0.0206 19.10% $0.0214 1.80%

Return of Capital or Other Capital Source(s) $0.0873 80.80% $1.1274 94.90%

Total per common share $0.1080 100.00% $1.1880 100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 10.28%2021 1

Annualized current distribution rate expressed as a percentage of NAV as of 8.02%October 31, 2021 2

Cumulative total return at NAV for the fiscal year through October 31, 2021 3 18.65%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 6.69%October 31, 2021 4

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

Distribution Period: November- 2021

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 $0.0000 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) $0.1108 100.00% $1.2188 100.00%

Total per common share $0.1108 100.00% $1.2188 100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 12.75%2021 1

Annualized current distribution rate expressed as a percentage of NAV as of 8.32%October 31, 2021 2

Cumulative total return at NAV for the fiscal year through October 31, 2021 3 18.61%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 6.93%October 31, 2021 4

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

Distribution Period: November- 2021

Distribution Amount per Common Share: $0.0929

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 $0.0014 1.50% $0.0014 1.50%

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

Net Realized Long-Term Capital Gains $0.0686 73.80% $0.0686 73.80%

Return of Capital or Other Capital Source(s) $0.0229 24.70% $0.0229 24.7%

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

Average annual total return at NAV for the 5-year period ended on October 31, 14.64%2021 1

Annualized current distribution rate expressed as a percentage of NAV as of 7.76%October 31, 2021 2

Cumulative total return at NAV for the fiscal year through October 31, 2021 3 33.85%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 7.22%October 31, 2021 4

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

Distribution Period: November- 2021

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 $0.0173 23.80% $0.0936 11.70%

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

Net Realized Long-Term Capital Gains $0.0480 66.00% $0.4574 57.20%

Return of Capital or Other Capital Source(s) $0.0074 10.20% $0.2487 31.10%

Total per common share $0.0727 100.00% $0.7997 100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 9.94%2021 1

Annualized current distribution rate expressed as a percentage of NAV as of 8.03%October 31, 2021 2

Cumulative total return at NAV for the fiscal year through October 31, 2021 3 12.91%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 6.69%October 31, 2021 4

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

Distribution Period: November- 2021

Distribution Amount per Common Share: $0.1300

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 $0.0108 8.30% $0.0108 8.30%

Net Realized Short-Term Capital Gains $0.0016 1.20% $0.0016 1.20%

Net Realized Long-Term Capital Gains $0.1176 90.50% $0.1176 90.50%

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

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

Average annual total return at NAV for the 5-year period ended on October 31, 15.71%2021 1

Annualized current distribution rate expressed as a percentage of NAV as of 6.90%October 31, 2021 2

Cumulative total return at NAV for the fiscal year through October 31, 2021 3 49.37%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 5.80%October 31, 2021 4

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

Distribution Period: November- 2021

Distribution Amount per Common Share: $0.0689

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 $0.0006 0.90% $0.0006 0.90%

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

Net Realized Long-Term Capital Gains $0.0155 22.50% $0.0155 22.50%

Return of Capital or Other Capital Source(s) $0.0528 76.60% $0.0528 76.60%

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

Average annual total return at NAV for the 5-year period ended on October 31, 13.22%2021 1

Annualized current distribution rate expressed as a percentage of NAV as of 7.98%October 31, 2021 2

Cumulative total return at NAV for the fiscal year through October 31, 2021 3 38.56%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 7.35%October 31, 2021 4

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

Distribution Period: November- 2021

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 $0.0000 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% $0.7788 100.00%

Total per common share $0.0708 100.00% $0.7788 100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 6.26%2021 1

Annualized current distribution rate expressed as a percentage of NAV as of 7.18%October 31, 2021 2

Cumulative total return at NAV for the fiscal year through October 31, 2021 3 19.76%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of 5.98%October 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 October 31, 2021

^2 The annualized current distribution rate is the cumulative distribution rateannualized as a percentage of the Fund's NAV as of October 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 October 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 October 31, 2021 measured on the dollar value of the

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

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SOURCE Eaton Vance Management