Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

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BOSTON, June 30, 2022--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their June 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 June distribution. It is not determinative of the tax character of a Fund’s distributions for the 2022 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 June distribution and its cumulative distributions paid for its fiscal year through June 30, 2022, 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:

June- 2022

Distribution Amount per Common Share:

$0.1095

Distribution Frequency:

Monthly

Fiscal Year End:

September

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

Fiscal Year-to-Date

Net Investment Income

$0.0099

9.00%

$0.0404

4.10%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0996

91.00%

$0.9451

95.90%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1095

100.00%

$0.9855

100.00%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

10.51%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

8.00%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-5.21%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

5.33%

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

Distribution Period:

June- 2022

Distribution Amount per Common Share:

$0.1373

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

Fiscal Year-to-Date

Net Investment Income

$0.0000

0.00%

$0.0000

0.00%

Net Realized Short-Term Capital Gains

$0.0836

60.90%

$0.3335

40.50%

Net Realized Long-Term Capital Gains

$0.0537

39.10%

$0.3666

44.50%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.1237

15.00%

Total per common share

$0.1373

100.00%

$0.8238

100.00%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

10.77%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

9.20%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-21.84%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

3.83%

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

Distribution Period:

June- 2022

Distribution Amount per Common Share:

$0.0760

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

Fiscal Year-to-Date

Net Investment Income

$0.0037

4.90%

$0.0119

2.60%

Net Realized Short-Term Capital Gains

$0.0227

29.90%

$0.1304

28.60%

Net Realized Long-Term Capital Gains

$0.0496

65.20%

$0.3137

68.80%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0760

100.00%

$0.4560

100.00%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

7.38%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

10.27%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-10.91%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

4.28%

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

Distribution Period:

June- 2022

Distribution Amount per Common Share:

$0.1626

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

Fiscal Year-to-Date

Net Investment Income

$0.0446

27.40%

$0.3707

28.50%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1180

72.60%

$0.9301

71.50%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1626

100.00%

$1.3008

100.00%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

11.34%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

7.50%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-5.23%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

4.38%

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

Distribution Period:

June- 2022

Distribution Amount per Common Share:

$0.1792

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

Fiscal Year-to-Date

Net Investment Income

$0.0862

48.10%

$0.3686

25.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.5247

36.60%

Return of Capital or Other Capital Source(s)

$0.0930

51.90%

$0.5403

37.70%

Total per common share

$0.1792

100.00%

$1.4336

100.00%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

10.35%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

8.33%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-14.00%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

4.86%

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

Distribution Period:

June- 2022

Distribution Amount per Common Share:

$0.1080

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

Fiscal Year-to-Date

Net Investment Income

$0.0079

7.30%

$0.0285

4.40%

Net Realized Short-Term Capital Gains

$0.0533

49.40%

$0.2890

44.60%

Net Realized Long-Term Capital Gains

$0.0468

43.30%

$0.3305

51.00%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.1080

100.00%

$0.6480

100.00%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

6.90%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

8.92%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-8.49%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

3.72%

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

Distribution Period:

June- 2022

Distribution Amount per Common Share:

$0.1108

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

Fiscal Year-to-Date

Net Investment Income

$0.0025

2.30%

$0.0087

1.30%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.1083

97.70%

$0.3440

51.80%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.3121

46.90%

Total per common share

$0.1108

100.00%

$0.6648

100.00%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

8.21%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

9.80%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-12.60%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

4.08%

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

Distribution Period:

June- 2022

Distribution Amount per Common Share:

$0.0929

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

Fiscal Year-to-Date

Net Investment Income

$0.0062

6.60%

$0.0275

3.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0867

93.40%

$0.7157

96.30%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.0%

Total per common share

$0.0929

100.00%

$0.7432

100.0%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

9.66%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

9.13%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-10.74%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

5.33%

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

Distribution Period:

June- 2022

Distribution Amount per Common Share:

$0.0727

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

Fiscal Year-to-Date

Net Investment Income

$0.0055

7.50%

$0.0366

8.40%

Net Realized Short-Term Capital Gains

$0.0512

70.50%

$0.2400

55.00%

Net Realized Long-Term Capital Gains

$0.0160

22.00%

$0.1596

36.60%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0727

100.00%

$0.4362

100.00%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

5.54%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

9.29%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-10.82%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

3.87%

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

Distribution Period:

June- 2022

Distribution Amount per Common Share:

$0.1300

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

Fiscal Year-to-Date

Net Investment Income

$0.0581

44.70%

$0.2569

24.70%

Net Realized Short-Term Capital Gains

$0.0000

0.00%

$0.0000

0.00%

Net Realized Long-Term Capital Gains

$0.0000

0.00%

$0.3584

34.50%

Return of Capital or Other Capital Source(s)

$0.0719

55.30%

$0.4247

40.80%

Total per common share

$0.1300

100.00%

$1.0400

100.00%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

8.85%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

8.28%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-12.86%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

4.83%

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

Distribution Period:

June- 2022

Distribution Amount per Common Share:

$0.0689

Distribution Frequency:

Monthly

Fiscal Year End:

October

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

Fiscal Year-to-Date

Net Investment Income

$0.0081

11.70%

$0.0281

5.10%

Net Realized Short-Term Capital Gains

$0.0122

17.80%

$0.1554

28.20%

Net Realized Long-Term Capital Gains

$0.0486

70.50%

$0.3677

66.70%

Return of Capital or Other Capital Source(s)

$0.0000

0.00%

$0.0000

0.00%

Total per common share

$0.0689

100.00%

$0.5512

100.00%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

8.52%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

9.26%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-9.33%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

5.40%

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

Distribution Period:

June- 2022

Distribution Amount per Common Share:

$0.0708

Distribution Frequency:

Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current

Distribution

Cumulative

Distributions

for the

Fiscal Year-
to-Date

% of the Cumulative

Distributions for the

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%

$0.4248

100.00%

Total per common share

$0.0708

100.00%

$0.4248

100.00%

Average annual total return at NAV for the 5-year period ended on May 31, 2022 1

4.20%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2022 2

8.32%

Cumulative total return at NAV for the fiscal year through May 31, 2022 3

-12.61%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 31, 2022 4

3.47%

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 May 31, 2022

2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of May 31, 2022

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 May 31, 2022

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 May 31, 2022 measured on the dollar value of the

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