Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

May 31, 2024 at 16:00 PM EDT

The Eaton Vance closed-end funds listed below released today the estimated sources of their May 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 May distribution. It is not determinative of the tax character of a Fund’s distributions for the 2024 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 May distribution and its cumulative distributions paid for its fiscal year through May 31, 2024, 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:	May- 2024
Distribution Amount per Common Share:	$0.1338
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	$0.0000	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	$0.1338	100.00%	$0.9246	100.00%
Return of Capital or Other Capital Source(s)	$0.0000	0.00%	$0.0000	0.00%
Total per common share	$0.1338	100.00%	$0.9246	100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2024 ¹			11.29%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 ²			8.92%
Cumulative total return at NAV for the fiscal year through April 30, 2024 ³			19.21%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2024 ⁴			4.39%

Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS)
Distribution Period:	May- 2024
Distribution Amount per Common Share:	$0.1523
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	$0.0553	36.30%	$0.1821	28.00%
Return of Capital or Other Capital Source(s)	$0.0970	63.70%	$0.4681	72.00%
Total per common share	$0.1523	100.00%	$0.6502	100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2024 ¹			11.58%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 ²			8.92%
Cumulative total return at NAV for the fiscal year through April 30, 2024 ³			6.62%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2024⁴			2.43%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ)
Distribution Period:	May- 2024
Distribution Amount per Common Share:	$0.0651
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%	$0.0702	23.10%
Return of Capital or Other Capital Source(s)	$0.0651	100.00%	$0.2337	76.90%
Total per common share	$0.0651	100.00%	$0.3039	100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2024 ¹			7.88%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 ²			8.85%
Cumulative total return at NAV for the fiscal year through April 30, 2024 ³			7.02%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2024 ⁴			2.70%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT)
Distribution Period:	May- 2024
Distribution Amount per Common Share:	$0.1646
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	$0.0251	15.20%	$0.1662	15.50%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.1395	84.80%	$0.9070	84.50%
Return of Capital or Other Capital Source(s)	$0.0000	0.00%	$0.0000	0.00%
Total per common share	$0.1646	100.00%	$1.0732	100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2024 ¹			9.20%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 ²			7.76%
Cumulative total return at NAV for the fiscal year through April 30, 2024 ³			22.93%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2024 ⁴			3.57%

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO)
Distribution Period:	May- 2024
Distribution Amount per Common Share:	$0.1733
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	$0.0753	43.50%	$0.2532	24.50%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0007	0.40%	$0.6831	66.10%
Return of Capital or Other Capital Source(s)	$0.0973	56.10%	$0.0973	9.4%
Total per common share	$0.1733	100.00%	$1.0336	100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2024 ¹			10.67%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 ²			7.82%
Cumulative total return at NAV for the fiscal year through April 30, 2024 ³			21.39%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2024 ⁴			3.24%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB)
Distribution Period:	May- 2024
Distribution Amount per Common Share:	$0.1058
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	$0.0052	5.00%	$0.0255	5.20%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0000	0.0%	$0.0532	10.80%
Return of Capital or Other Capital Source(s)	$0.1006	95.0%	$0.4125	84.00%
Total per common share	$0.1058	100.00%	$0.4912	100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2024 ¹			8.15%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 ²			8.81%
Cumulative total return at NAV for the fiscal year through April 30, 2024 ³			4.34%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2024 ⁴			2.67%

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV)
Distribution Period:	May- 2024
Distribution Amount per Common Share:	$0.0993
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	$0.0026	2.60%	$0.0100	2.10%
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)	$0.0967	97.40%	$0.4733	97.90%
Total per common share	$0.0993	100.00%	$0.4833	100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2024 ¹			8.29%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 ²			8.81%
Cumulative total return at NAV for the fiscal year through April 30, 2024 ³			5.43%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2024 ⁴			2.84%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY)
Distribution Period:	May- 2024
Distribution Amount per Common Share:	$0.0992
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	$0.0000	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	$0.0992	100.0%	$0.6009	100.00%
Return of Capital or Other Capital Source(s)	$0.0000	0.00%	$0.0000	0.00%
Total per common share	$0.0992	100.00%	$0.6009	100.0%

Average annual total return at NAV for the 5-year period ended on April 30, 2024 ¹			11.07%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 ²			8.88%
Cumulative total return at NAV for the fiscal year through April 30, 2024 ³			19.42%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2024 ⁴			3.74%

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)
Distribution Period:	May- 2024
Distribution Amount per Common Share:	$0.0664
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	$0.0129	19.40%	$0.0467	15.20%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0000	0.00%	$0.0707	23.00%
Return of Capital or Other Capital Source(s)	$0.0535	80.60%	$0.1900	61.80%
Total per common share	$0.0664	100.00%	$0.3074	100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2024 ¹			6.31%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 ²			8.84%
Cumulative total return at NAV for the fiscal year through April 30, 2024 ³			2.58%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2024 ⁴			2.67%

Eaton Vance Tax-Advantaged Global Dividend Income (NYSE: ETG)
Distribution Period:	May- 2024
Distribution Amount per Common Share:	$0.1293
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	$0.0640	49.50%	$0.1678	22.10%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0000	0.00%	$0.2710	35.70%
Return of Capital or Other Capital Source(s)	$0.0653	50.50%	$0.3203	42.20%
Total per common share	$0.1293	100.00%	$0.7591	100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2024 ¹			10.18%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 ²			7.89%
Cumulative total return at NAV for the fiscal year through April 30, 2024 ³			21.36%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2024 ⁴			3.20%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG)
Distribution Period:	May- 2024
Distribution Amount per Common Share:	$0.0657
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	$0.0096	14.60%	$0.0359	8.80%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0498	75.80%	$0.0498	12.20%
Return of Capital or Other Capital Source(s)	$0.0063	9.60%	$0.3222	79.00%
Total per common share	$0.0657	100.00%	$0.4079	100.00%

Average annual total return at NAV for the 5-year period ended on April 30, 2024 ¹			9.96%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 ²			8.72%
Cumulative total return at NAV for the fiscal year through April 30, 2024 ³			17.95%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 2024 ⁴			3.79%



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 April 30, 2024
² The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of April 30, 2024
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 April 30, 2024 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 April 30, 2024 measured on the dollar value of the distributions in year-to-date period as a percentage of the Fund's NAV as of April 30, 2024