BOSTON, Jan. 15, 2021 /PRNewswire/ -- Eaton Vance
Tax-Advantaged Dividend Income Fund (NYSE: EVT) today announced
important information concerning its distribution declared in
December 2020. This press release is issued as required by
the Fund's 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 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 January distribution. It is not
determinative of the tax character of the Fund's distributions for
the 2021 calendar year. Shareholders should note that the Fund's
total regular distribution amount is subject to change as a result
of market conditions or other factors.
The amounts and sources of distributions reported in this notice
are estimates, are not being provided for tax reporting purposes
and the distribution may later be determined to be from other
sources including realized short-term gains, long-term gains, to
the extent permitted by law, and return of capital. The actual
amounts and sources for tax reporting purposes will depend upon the
Fund's investment experience during the remainder of its fiscal
year and may be subject to changes based on tax regulations.
The 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.
Distribution
Period: January 2021
Distribution Amount per Common Share: $0.1450
The following table sets forth an estimate of the sources of the
Fund's January distribution and its cumulative distributions paid
this fiscal year to date. Amounts are expressed on a per
common share basis and as a percentage of the distribution
amount.
Eaton Vance
Tax-Advantaged Dividend Income Fund
|
Source
|
Current
Distribution
|
% of Current
Distribution
|
Cumulative
Distributions for the
Fiscal Year-to-Date1
|
% of the
Cumulative
Distributions for the Fiscal
Year-to-Date1
|
Net Investment
Income
|
$0.0491
|
33.9%
|
$0.1500
|
34.4%
|
Net Realized
Short-Term
Capital Gains
|
$0.0000
|
0.0%
|
$0.0320
|
7.4%
|
Net Realized
Long-Term
Capital Gains
|
$0.0959
|
66.1%
|
$0.2530
|
58.2%
|
Return of Capital or
Other
Capital Source(s)
|
$0.0000
|
0.0%
|
$0.0000
|
0.0%
|
Total per common
share
|
$0.1450
|
100.0%
|
$0.4350
|
100.0%
|
1 The Fund's fiscal year is November 1, 2020 to October 31, 2021
IMPORTANT DISCLOSURE: You should not draw any
conclusions about the Fund's investment performance from the amount
of this distribution or from the terms of the Fund's Plan.
The 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 the Fund is paid back to you. A return of capital distribution
does not necessarily reflect the 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 the
Fund's investment experience during the remainder of its fiscal
year and may be subject to changes based on tax regulations. The
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.
Set forth in the table below is information relating to the
Fund's performance based on its net asset value (NAV) for certain
periods.
Average annual total
return at NAV for the 5-year period ended on November 30,
20201
|
10.42%
|
Annualized current
distribution rate expressed as a percentage of NAV as of November
30, 20202
|
7.27%
|
Cumulative total
return at NAV for the fiscal year through November 30,
20203
|
14.55%
|
Cumulative fiscal
year to date distribution rate as a percentage of NAV as of
November 30, 20204
|
0.61%
|
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 November
30, 2020.
2 The annualized current distribution rate is the
cumulative distribution rate annualized as a percentage of the
Fund's NAV as of November 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 November 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 November 30, 2020 measured on the dollar value of
distributions in the year-to-date period as a percentage of the
Fund's NAV as of November 30,
2020.
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SOURCE Eaton Vance Management