Business & Finance
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Business and Finance
Wed, March 14, 2012
Tue, March 13, 2012 Eaton Vance Equity Income Closed-End Funds Declare Distributions and Announce Distribution Changes
Eaton Vance Equity Income Closed-End Funds Declare Distributions and Announce Distribution Changes -- BOSTON, March 13, 2012 /PRNewswire/ --
Eaton Vance Equity Income Closed-End Funds Declare Distributions and Announce Distribution Changes
BOSTON, March 13, 2012 /PRNewswire/ -- The following Eaton Vance equity income closed-end funds today declared distributions on their common shares:
| Distribution | % |
Fund | Per Share | Change |
EV Enhanced Equity Income Fund (NYSE: EOI) | $0.0864 | -6.0% |
EV Enhanced Equity Income Fund II (NYSE: EOS) | $0.0875 | -5.1% |
EV Global Tax-Managed Buy-Write Opportunities Fund (NYSE: ETW) | $0.2920 | -3.4% |
The ex-date for the distributions is March 21, 2012, the record date is March 23, 2012, and the payable date is March 30, 2012. The distributions are reduced from prior levels as indicated above.
In addition, three other Eaton Vance equity income closed-end funds announced changes to their next quarterly distribution, which are as follows:
| Next | Distribution | % |
| Distribution | Per Share | Change |
EV Tax-Managed Diversified Equity Income Fund (NYSE: ETY) | May | $0.2530 | -12.6% |
EV Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG) | May | $0.2440 | -14.2% |
EV Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) | April | $0.2790 | -12.7% |
|
The distributions for these Funds are reduced from prior levels as indicated above.
The changes in Fund distributions are intended to align the Funds' distribution rates with the portfolio managers' current assessment of the Funds' long-term return potential and to mitigate erosion of principal value. The portfolio managers review the Funds' distributions periodically. As portfolio and market conditions change, the rate of distributions paid by each Fund could change. Visit the Eaton Vance website for additional information ([ click here ]).
A portion of the indicated distributions may be derived from sources other than net investment income. If that is believed to be the case, shareholders will be notified in writing. Further information will be available prior to the payment date at [ http://funds.eatonvance.com ]. The final determination of the tax characteristics of each Fund's distributions will occur after the end of the year, at which time it will be communicated to the shareholders.
The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: [ EV ]), one of the oldest investment management firms in the United States, with a history dating from 1924. Eaton Vance and its affiliates managed $191.7 billion in assets as of January 31, 2012, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit [ www.eatonvance.com ].
SOURCE Eaton Vance Management
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