Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

July 31, 2023 at 13:00 PM EDT

The Eaton Vance closed-end funds listed below released today the estimated sources of their July 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 July distribution. It is not determinative of the tax character of a Fund’s distributions for the 2023 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 July distribution and its cumulative distributions paid for its fiscal year through July 31, 2023, 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:	July- 2023
Distribution Amount per Common Share:	$0.1095
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	$0.0029	2.70%	$0.0460	��	4.20%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000		0.00%
Net Realized Long-Term Capital Gains	$0.0000	0.00%	$0.6318		57.70%
Return of Capital or Other Capital Source(s)	$0.1066	97.30%	$0.4172		38.10%
Total per common share	$0.1095	100.00%	$1.0950		100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2023 ¹			9.89%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 ²			7.93%
Cumulative total return at NAV for the fiscal year through June 30, 2023 ³			22.83%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2023 ⁴			5.95%

Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS)
Distribution Period:	July- 2023
Distribution Amount per Common Share:	$0.1152
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	$0.1152	100.00%	$0.8064		100.00%
Return of Capital or Other Capital Source(s)	$0.0000	0.00%	$0.0000		0.00%
Total per common share	$0.1152	100.00%	$0.8064		100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2023 ¹			9.88%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 ²			7.43%
Cumulative total return at NAV for the fiscal year through June 30, 2023 ³			23.14%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2023 ⁴			3.71%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ)
Distribution Period:	July- 2023
Distribution Amount per Common Share:	$0.0579
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	$0.0012	2.10%	$0.0138		3.40%
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)	$0.0567	97.90%	$0.3915		96.60%
Total per common share	$0.0579	100.00%	$0.4053		100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2023 ¹			7.21%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 ²			8.14%
Cumulative total return at NAV for the fiscal year through June 30, 2023 ³			11.62%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2023 ⁴			4.07%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT)
Distribution Period:	July- 2023
Distribution Amount per Common Share:	$0.1488
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	$0.0384	25.80%	$0.2759		20.60%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000		0.00%
Net Realized Long-Term Capital Gains	$0.1104	74.20%	$1.0633		79.40%
Return of Capital or Other Capital Source(s)	$0.0000	0.00%	$0.0000		0.00%
Total per common share	$0.1488	100.00%	$1.3392		100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2023 ¹			8.80%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 ²			7.48%
Cumulative total return at NAV for the fiscal year through June 30, 2023 ³			5.52%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2023 ⁴			4.99%

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO)
Distribution Period:	July- 2023
Distribution Amount per Common Share:	$0.1374
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	$0.1196	87.00%	$0.4234		34.20%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000		0.00%
Net Realized Long-Term Capital Gains	$0.0178	13.00%	$0.8132		65.80%
Return of Capital or Other Capital Source(s)	$0.0000	0.00%	$0.0000		0.00%
Total per common share	$0.1374	100.00%	$1.2366		100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2023 ¹			9.68%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 ²			6.58%
Cumulative total return at NAV for the fiscal year through June 30, 2023 ³			19.76%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2023 ⁴			4.38%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB)
Distribution Period:	July- 2023
Distribution Amount per Common Share:	$0.0932
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	$0.0065	6.90%	$0.0496		7.60%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000		0.00%
Net Realized Long-Term Capital Gains	$0.0000	0.00%	$0.0437		6.70%
Return of Capital or Other Capital Source(s)	$0.0867	93.10%	$0.5591		85.70%
Total per common share	$0.0932	100.00%	$0.6524		100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2023 ¹			6.83%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 ²			7.88%
Cumulative total return at NAV for the fiscal year through June 30, 2023 ³			12.98%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2023 ⁴			3.94%

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV)
Distribution Period:	July- 2023
Distribution Amount per Common Share:	$0.0949
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	$0.0022	2.30%	$0.0242		3.70%
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)	$0.0927	97.70%	$0.6401		96.30%
Total per common share	$0.0949	100.00%	$0.6643		100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2023 ¹			7.10%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 ²			8.61%
Cumulative total return at NAV for the fiscal year through June 30, 2023 ³			14.33%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2023 ⁴			4.31%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY)
Distribution Period:	July- 2023
Distribution Amount per Common Share:	$0.0805
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	$0.0027	3.30%	$0.0333		4.60%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000		0.00%
Net Realized Long-Term Capital Gains	$0.0000	0.00%	$0.4710		65.00%
Return of Capital or Other Capital Source(s)	$0.0778	96.70%	$0.2202		30.4%
Total per common share	$0.0805	100.00%	$0.7245		100.0%

Average annual total return at NAV for the 5-year period ended on June 30, 2023 ¹			9.45%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 ²			7.78%
Cumulative total return at NAV for the fiscal year through June 30, 2023 ³			15.43%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2023 ⁴			5.19%

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)
Distribution Period:	July- 2023
Distribution Amount per Common Share:	$0.0582
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	$0.0075	12.90%	$0.0497		12.20%
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)	$0.0507	87.10%	$0.3577		87.80%
Total per common share	$0.0582	100.00%	$0.4074		100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2023 ¹			5.23%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 ²			7.74%
Cumulative total return at NAV for the fiscal year through June 30, 2023 ³			12.34%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2023 ⁴			3.87%

Eaton Vance Tax-Advantaged Global Dividend Income (NYSE: ETG)
Distribution Period:	July- 2023
Distribution Amount per Common Share:	$0.1001
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	$0.1001	100.00%	$0.3081		34.20%
Net Realized Short-Term Capital Gains	$0.0000	0.00%	$0.0000		0.00%
Net Realized Long-Term Capital Gains	$0.0000	0.00%	$0.2144		23.80%
Return of Capital or Other Capital Source(s)	$0.0000	0.00%	$0.3784		42.00%
Total per common share	$0.1001	100.00%	$0.9009		100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2023 ¹			8.67%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 ²			6.51%
Cumulative total return at NAV for the fiscal year through June 30, 2023 ³			21.01%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2023 ⁴			4.34%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG)
Distribution Period:	July- 2023
Distribution Amount per Common Share:	$0.0553
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	$0.0086	15.50%	$0.0562		11.30%
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)	$0.0467	84.50%	$0.4415		88.70%
Total per common share	$0.0553	100.00%	$0.4977		100.00%

Average annual total return at NAV for the 5-year period ended on June 30, 2023 ¹			8.54%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 ²			7.62%
Cumulative total return at NAV for the fiscal year through June 30, 2023 ³			17.98%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of June 30, 2023 ⁴			5.08%


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 June 30, 2023
² The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of June 30, 2023
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 June 30, 2023 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 June 30, 2023 measured on the dollar value of the distributions in year-to-date period as a percentage of the Fund's NAV as of June 30, 2023

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Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

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