Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

BOSTON, Nov. 30, 2020 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their November 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 November distribution. It is not determinative of the tax character of a Fund's distributions for the 2020 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 November distribution and its cumulative distributions paid for its fiscal year through November 30, 2020, 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:	November- 2020
Distribution Amount per Common Share:	$0.0898
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	$0.0039	4.30%	$0.0108	6.00%
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)	$0.0859	95.70%	$0.1688	94.00%
Total per common share	$0.0898	100.00%	$0.1796	100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			9.11%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			7.12%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			-2.84%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			0.59%

Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS)
Distribution Period:	November- 2020
Distribution Amount per Common Share:	0.0988
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%	$0.0424	3.90%
Return of Capital or Other Capital Source(s)	$0.0988	100.00%	$1.0444	96.10%
Total per common share	$0.0988	100.00%	$1.0868	100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			12.71%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			6.41%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			11.12%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			4.81%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ)
Distribution Period:	November- 2020
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	$0.0031	4.10%	$0.0627	7.50%
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)	$0.0729	95.90%	$0.7733	92.50%
Total per common share	$0.0760	100.00%	$0.8360	100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			6.79%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			9.61%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			10.14%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			8.01%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT)
Distribution Period:	November- 2020
Distribution Amount per Common Share:	$0.1450
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	$0.0502	34.60%	$0.0502	34.60%
Net Realized Short-Term Capital Gains	$0.0075	5.20%	$0.0075	5.20%
Net Realized Long-Term Capital Gains	$0.0873	60.20%	$0.0873	60.20%
Return of Capital or Other Capital Source(s)	$0.0000	0.00%	$0.0000	0.00%
Total per common share	$0.1450	100.00%	$0.1450	100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			7.57%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			8.28%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			-6.13%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			8.28%

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO)
Distribution Period:	November- 2020
Distribution Amount per Common Share:	$0.1425
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	$0.0275	19.30%	$0.0275	19.30%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0233	16.30%	$0.0233	16.30%
Return of Capital or Other Capital Source(s)	$0.0917	64.40%	$0.0917	64.40%
Total per common share	$0.1425	100.00%	$0.1425	100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			8.20%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			7.64%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			2.57%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			8.64%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB)
Distribution Period:	November- 2020
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	$0.0067	6.20%	$0.1030	8.70%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0648	60.00%	$0.3210	27.00%
Return of Capital or Other Capital Source(s)	$0.0365	33.80%	$0.7640	64.30%
Total per common share	$0.1080	100.00%	$1.1880	100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			5.38%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			9.72%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			-5.36%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			8.10%

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV)
Distribution Period:	November- 2020
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	$0.0024	2.20%	$0.0548	4.50%
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)	$0.1084	97.80%	$1.1640	95.50%
Total per common share	$0.1108	100.00%	$1.2188	100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			7.23%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			10.07%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			-2.02%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			8.39%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY)
Distribution Period:	November- 2020
Distribution Amount per Common Share:	$0.0843
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	$0.0033	3.90%	$0.0033	3.90%
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)	$0.0810	96.10%	$0.0810	96.1%
Total per common share	$0.0843	100.00%	$0.0843	100.0%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			8.57%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			8.72%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			7.02%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			8.72%

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)
Distribution Period:	November- 2020
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	$0.0028	3.90%	$0.0712	8.90%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0000	0.00%	$0.2575	32.20%
Return of Capital or Other Capital Source(s)	$0.0699	96.10%	$0.4710	58.90%
Total per common share	$0.0727	100.00%	$0.7997	100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			4.90%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			9.42%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			-3.87%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			7.85%

Eaton Vance Tax-Advantaged Global Dividend Income (NYSE: ETG)
Distribution Period:	November- 2020
Distribution Amount per Common Share:	$0.1025
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	$0.0183	17.90%	$0.0183	17.90%
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)	$0.0842	82.10%	$0.0842	82.10%
Total per common share	$0.1025	100.00%	$0.1025	100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			6.34%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			7.61%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			0.16%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			7.61%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG)
Distribution Period:	November- 2020
Distribution Amount per Common Share:	$0.0616
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	$0.0015	2.50%	$0.0015	2.50%
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)	$0.0601	97.50%	$0.0601	97.50%
Total per common share	$0.0616	100.00%	$0.0616	100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			6.22%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			9.14%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			2.35%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			9.14%

Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD)
Distribution Period:	November- 2020
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	$0.0017	2.40%	$0.0218	2.80%
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)	$0.0691	97.60%	$0.7570	97.20%
Total per common share	$0.0708	100.00%	$0.7788	100.00%

Average annual total return at NAV for the 5-year period ended on October 31, 2020 ¹			1.48%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020 ²			8.76%
Cumulative total return at NAV for the fiscal year through October 31, 2020 ³			-0.60%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of October 31, 2020 ⁴			7.30%


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 October 31, 2020
² The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of October 31 ,2020
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 October 31, 2020 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 October 31, 2020 measured on the dollar value of the distributions in year-to-date period as a percentage of the Fund's NAV as of October 31, 2020