Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

BOSTON, Oct. 30, 2020 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their October 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 October 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 October distribution and its cumulative distributions paid for its fiscal year through October 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:	October- 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	$0.0070	7.80%	$0.0070	7.80%
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)	$0.0828	92.20%	$0.0828	92.20%
Total per common share	$0.0898	100.00%	$0.0898	100.00%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			11.25%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			6.87%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			12.08%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			6.87%


Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS)
Distribution Period:	October- 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	$0.0676	68.40%	$0.0682	6.90%
Return of Capital or Other Capital Source(s)	$0.0312	31.60%	$0.9198	93.10%
Total per common share	$0.0988	100.00%	$0.9880	100.00%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			14.74%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			6.25%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			13.41%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			4.16%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ)
Distribution Period:	October- 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	$0.0062	8.10%	$0.0593	7.80%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0000	0.00%	$0.0228	3.00%
Return of Capital or Other Capital Source(s)	$0.0698	91.90%	$0.6779	89.20%
Total per common share	$0.0760	100.00%	$0.7600	100.00%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			8.15%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			9.33%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			12.52%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			7.00%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT)
Distribution Period:	October- 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	$0.0883	60.90%	$0.6438	37.00%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0567	39.10%	$1.0962	63.00%
Return of Capital or Other Capital Source(s)	$0.0000	0.00%	$0.0000	0.00%
Total per common share	$0.1450	100.00%	$1.7400	100.00%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			9.28%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			8.19%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			-5.79%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			7.51%

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO)
Distribution Period:	October- 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	$0.0549	38.50%	$0.3638	18.80%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0876	61.50%	$1.5712	81.20%
Return of Capital or Other Capital Source(s)	$0.0000	0.00%	$0.0000	0.00%
Total per common share	$0.1425	100.00%	$1.9350	100.00%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			10.92%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			7.34%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			6.02%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			7.69%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB)
Distribution Period:	October- 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	$0.0084	7.80%	$0.0961	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%	$0.2560	23.70%
Return of Capital or Other Capital Source(s)	$0.0996	92.20%	$0.7279	67.40%
Total per common share	$0.1080	100.00%	$1.0800	100.00%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			6.92%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			9.44%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			-3.36%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			7.08%

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV)
Distribution Period:	October- 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	$0.0048	4.30%	$0.0532	4.80%
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)	$0.1060	95.70%	$1.0548	95.20%
Total per common share	$0.1108	100.00%	$1.1080	100.00%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			8.77%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			9.83%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			-0.48%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			7.38%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY)
Distribution Period:	October- 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	$0.0089	10.50%	$0.0941	9.30%
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)	$0.0754	89.50%	$0.9175	90.7%
Total per common share	$0.0843	100.00%	$1.0116	100.0%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			10.49%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			8.43%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			9.87%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			7.73%

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)
Distribution Period:	October- 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	$0.0061	8.40%	$0.0684	9.40%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000	0.00%
Net Realized Long-Term Capital Gains	$0.0653	89.80%	$0.3453	47.50%
Return of Capital or Other Capital Source(s)	$0.0013	1.80%	$0.3133	43.10%
Total per common share	$0.0727	100.00%	$0.7270	100.00%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			6.50%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			9.12%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			-1.48%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			6.84%

Eaton Vance Tax-Advantaged Global Dividend Income (NYSE: ETG)
Distribution Period:	October- 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	$0.1025	100.00%	$1.2300	100.00%
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)	$0.0000	0.00%	$0.0000	0.00%
Total per common share	$0.1025	100.00%	$1.2300	100.00%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			8.79%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			7.30%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			3.79%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			6.69%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG)
Distribution Period:	October- 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	$0.0047	7.60%	$0.0473	6.40%
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)	$0.0569	92.40%	$0.6919	93.60%
Total per common share	$0.0616	100.00%	$0.7392	100.00%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			8.12%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			8.82%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			5.17%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			8.09%

Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD)
Distribution Period:	October- 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%	$0.0198	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%	$0.6882	97.20%
Total per common share	$0.0708	100.00%	$0.7080	100.00%

Average annual total return at NAV for the 5-year period ended on September 30, 2020 ¹			1.15%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 ²			8.57%
Cumulative total return at NAV for the fiscal year through September 30, 2020 ³			0.77%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of September 30, 2020 ⁴			6.43%


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 September 30, 2020
² The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of September 30 ,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 September 30, 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 September 30, 2020 measured on the dollar value of the
distributions in year-to-date period as a percentage of the Fund's NAV as of September 30, 2020