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Eaton Vance Equity Closed-End Funds Declare Monthly Distributions and Announce Adjustment to Future Distribution Rates

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^{Published in Business and Finance on Tuesday, December 16th 2008 at 17:11 GMT by Market Wire}  

BOSTON--([ BUSINESS WIRE ])--Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG) and Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO), equity closed-end funds advised by Eaton Vance Management (collectively, the "Funds"), today declared the following common share distributions to be paid on December 31, 2008 to shareholders of record on December 24, 2008:

The ex-date for the Funds' distributions is December 22, 2008.

ETG's special distribution is being paid to enable the Fund to meet its 2008 distribution requirement for federal excise taxes. It is also anticipated that each of the Funds will accelerate the declaration and payment of its January 2009 monthly distribution to avoid being subject to 2008 federal excise tax. The Funds' January distributions are expected to be payable in early January to shareholders of record on December 31, 2008. In February 2009, the Funds expect to resume their regular monthly distribution and payment schedule.

Beginning with the January 2009 distribution, each Fund's monthly distribution rate is expected to be as follows:

The expected adjustment in the Funds' monthly distribution rates primarily reflects anticipated reductions in the amount of dividend income the Funds expect to receive due to the impact of the ongoing financial crisis on corporate dividend rates and increased costs of implementing the Funds' dividend capture trading strategy. Since their respective inception dates in 2003 and 2004, each of the Funds has increased its monthly distribution rate at least six times and made at least two special distributions. At the anticipated January distribution levels, the monthly distributions of EVT and ETG would be restored to their initial levels and ETO's monthly distribution would be 16.7% percent above its initial level. Until declared on December 22, 2008, the distribution rate for the January distribution could change from that presented above.

As portfolio and market conditions change, the rate of distributions on the Funds' shares could change. The final determination of tax characteristics of the Funds' distributions will not occur until after the end of the year, at which time it will be reported to shareholders.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp., which is listed on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had $123.1 billion in assets under management as of October 31, 2008. Eaton Vance will make available periodic summary information regarding the Funds' portfolio investments. Those interested should call Eaton Vance Management at 800-262-1122.