EATON VANCE TAX-MANAGED GLOBAL DIVERSIFIED EQUITY INCOME FUND BOSTON, Jan. 31, 2017 /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 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 January 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 January distribution and its cumulative distributions paid for its fiscal year through January 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)
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Distribution Period: January- 2017
Distribution Amount per Common Share: $0.0864
Distribution Frequency: Monthly
Fiscal Year End: September
Source Current % of Current Distribution Cumulative % of the Cumulative
Distribution Distributions for the Distributions for the
Fiscal Year-to-Date Fiscal Year-to-Date
Net Investment Income $0.0092 10.70% $0.0356 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) $0.0772 89.30% $0.3100 89.70%
Total per common share $0.0864 100.00% $0.3456 100.00%
Average annual total return at NAV for the 5-year period ended on December 31, 2016 (1) 11.60%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2016 (2) 7.62%
Cumulative total return at NAV for the fiscal year through December 31, 2016 (3) 2.37%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2016 4 1.91%
Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS)
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Distribution Period: January- 2017
Distribution Amount per Common Share: $0.0875
Distribution Frequency: Monthly
Fiscal Year End: December
Source Current Distribution % of Current Distribution Cumulative % of the Cumulative
Distributions for the Distributions for the
Fiscal 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) $0.0875 100.00% $0.0875 100.00%
Total per common share $0.0875 100.00% $0.0875 100.00%
Average annual total return at NAV for the 5-year period ended on December 31, 2016 (1) 12.09%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2016 (2) 7.69%
Cumulative total return at NAV for the fiscal year through December 31, 2016 (3) 2.72%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2016 4 7.69%
Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ)
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Distribution Period: January- 2017
Distribution Amount per Common Share: $0.0930
Distribution Frequency: Monthly
Fiscal Year End: December
Source Current Distribution % of Current Distribution Cumulative % of the Cumulative
Distributions for the Distributions for the
Fiscal Year-to-Date Fiscal Year-to-Date
Net Investment Income $0.0064 6.90% $0.0064 6.90%
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) $0.0866 93.10% $0.0866 93.10%
Total per common share $0.0930 100.00% $0.0930 100.00%
Average annual total return at NAV for the 5-year period ended on December 31, 2016 (1) 6.01%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2016 (2) 11.18%
Cumulative total return at NAV for the fiscal year through December 31, 2016 (3) 0.60%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2016 4 11.18%
Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG)
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Distribution Period: January- 2017
Distribution Amount per Common Share: $0.0900
Distribution Frequency: Monthly
Fiscal Year End: October
Source Current Distribution % of Current Distribution Cumulative % of the Cumulative
Distributions for the Distributions for the
Fiscal Year-to-Date Fiscal Year-to-Date
Net Investment Income $0.0710 78.90% $0.2200 81.40%
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) $0.0190 21.10% $0.0500 18.60%
Total per common share $0.0900 100.00% $0.2700 100.00%
Average annual total return at NAV for the 5-year period ended on December 31, 2016 (1) 4.06%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2016 (2) 7.20%
Cumulative total return at NAV for the fiscal year through December 31, 2016 (3) 1.05%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2016 4 1.20%
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO)
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Distribution Period: January- 2017
Distribution Amount per Common Share: $0.1800
Distribution Frequency: Monthly
Fiscal Year End: October
Source Current Distribution % of Current Distribution Cumulative % of the Cumulative
Distributions for the Distributions for the
Fiscal Year-to-Date Fiscal Year-to-Date
Net Investment Income $0.0299 16.60% $0.0964 17.90%
Net Realized Short-Term Capital Gains $0.0249 13.90% $0.0515 9.50%
Net Realized Long-Term Capital Gains $0.0607 33.70% $0.3276 60.70%
Return of Capital or Other Capital Source(s) $0.0645 35.80% $0.0645 11.90%
Total per common share $0.1800 100.00% $0.5400 100.00%
Average annual total return at NAV for the 5-year period ended on December 31, 2016 (1) 11.77%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2016 (2) 9.88%
Cumulative total return at NAV for the fiscal year through December 31, 2016 (3) 2.12%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2016 4 1.65%
Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB)
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Distribution Period: January- 2017
Distribution Amount per Common Share: $0.1080
Distribution Frequency: Monthly
Fiscal Year End: December
Source Current Distribution % of Current Distribution Cumulative % of the Cumulative
Distributions for the Distributions for the
Fiscal Year-to-Date Fiscal Year-to-Date
Net Investment Income $0.0123 11.40% $0.0123 11.40%
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) $0.0957 88.60% $0.0957 88.60%
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, 2016 (1) 10.10%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2016 (2) 8.36%
Cumulative total return at NAV for the fiscal year through December 31, 2016 (3) 8.68%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2016 4 8.36%
Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV)
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Distribution Period: January- 2017
Distribution Amount per Common Share: $0.1108
Distribution Frequency: Monthly
Fiscal Year End: December
Source Current Distribution % of Current Distribution Cumulative % of the Cumulative
Distributions for the Distributions for the
Fiscal Year-to-Date Fiscal Year-to-Date
Net Investment Income $0.0076 6.90% $0.0076 6.90%
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) $0.1032 93.10% $0.1032 93.10%
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, 2016 (1) 10.64%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2016 (2) 9.46%
Cumulative total return at NAV for the fiscal year through December 31, 2016 (3) 6.04%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2016 4 9.46%
Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY)
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Distribution Period: January- 2017
Distribution Amount per Common Share: $0.0843
Distribution Frequency: Monthly
Fiscal Year End: October
Source Current Distribution % of Current Distribution Cumulative % of the Cumulative
Distributions for the Distributions for the
Fiscal Year-to-Date Fiscal Year-to-Date
Net Investment Income $0.0084 9.90% $0.0253 10.00%
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) $0.0759 90.10% $0.2276 90.00%
Total per common share $0.0843 100.00% $0.2529 100.00%
Average annual total return at NAV for the 5-year period ended on December 31, 2016 (1) 11.75%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2016 (2) 8.87%
Cumulative total return at NAV for the fiscal year through December 31, 2016 (3) 4.01%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2016 4 1.48%
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)
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Distribution Period: January- 2017
Distribution Amount per Common Share: $0.0973
Distribution Frequency: Monthly
Fiscal Year End: December
Source Current Distribution % of Current Distribution Cumulative % of the Cumulative
Distributions for the Distributions for the
Fiscal Year-to-Date Fiscal Year-to-Date
Net Investment Income $0.0079 8.10% $0.0079 8.10%
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) $0.0894 91.90% $0.0894 91.90%
Total per common share $0.0973 100.00% $0.0973 100.00%
Average annual total return at NAV for the 5-year period ended on December 31, 2016 (1) 7.89%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2016 (2) 10.90%
Cumulative total return at NAV for the fiscal year through December 31, 2016 (3) 3.46%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2016 4 10.90%
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG)
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Distribution Period: January- 2017
Distribution Amount per Common Share: $0.0813
Distribution Frequency: Monthly
Fiscal Year End: October
Source Current Distribution % of Current Distribution Cumulative % of the Cumulative
Distributions for the Distributions for the
Fiscal Year-to-Date Fiscal Year-to-Date
Net Investment Income $0.0042 5.20% $0.0144 5.90%
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) $0.0771 94.80% $0.2295 94.10%
Total per common share $0.0813 100.00% $0.2439 100.00%
Average annual total return at NAV for the 5-year period ended on December 31, 2016 (1) 8.73%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2016 (2) 11.01%
Cumulative total return at NAV for the fiscal year through December 31, 2016 (3) 1.21%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2016 4 1.84%
(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 December 31, 2016.
(2) The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of December 31, 2016.
(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 December 31, 2016
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 December 31, 2016 measured on the dollar value of the
distributions in year-to-date period as a percentage of the Fund's NAV as of December 31, 2016.
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SOURCE Eaton Vance Management
