Eaton Vance Updates Results Of Equity Option Closed-End Fund Share
Repurchase Program
BOSTON, Nov. 5, 2012 /PRNewswire/ -- Eaton Vance
Management (EVM), investment adviser to the below-listed Eaton
Vance equity option closed-end funds (the Funds), is updating the
results of the Funds' share repurchase programs under authorization
granted in August 2012 by their
Boards of Trustees to repurchase up to 10% of the then currently
outstanding common shares in open-market transactions at a discount
to net asset value (NAV).
|
Fund
|
Ticker*
|
|
Eaton Vance Enhanced Equity Income Fund
|
EOI
|
|
Eaton Vance Enhanced Equity Income II Fund
|
EOS
|
|
Eaton Vance Tax-Managed Buy-Write Income
Fund
|
ETB
|
|
Eaton Vance Tax-Managed Buy-Write Opportunities
Fund
|
ETV
|
|
Eaton Vance Tax-Managed Global Buy-Write
Opportunities Fund
|
ETW
|
|
Eaton Vance Tax-Managed Diversified Equity Income
Fund
|
ETY
|
|
Eaton Vance Tax-Managed Global Diversified Equity
Income Fund
|
EXG
|
|
Eaton Vance Risk-Managed Diversified Equity Income
Fund
|
ETJ
|
* Fund shares trade on the New York Stock Exchange.
From the date they began repurchasing shares until November 2, 2012, the Funds have purchased the
number and percentage of their outstanding shares and seen changes
in price and discount to NAV as indicated in the table below:
|
Fund
|
No. Shares
Repurchased
|
% Shares
Repurchased1
|
Beginning
Market
Price2
|
11/2/12
Market
Price
|
%
Return
at Market
Price3
|
Beginning
NAV Discount2
|
11/2/12
NAV
Discount
|
Discount Change
|
|
EOI
|
265,300
|
0.66%
|
$10.82
|
$10.88
|
2.14%
|
-13.23%
|
-11.69%
|
1.54%
|
|
EOS
|
266,000
|
0.55%
|
$10.97
|
$10.87
|
0.69%
|
-12.31%
|
-
9.49%
|
2.82%
|
|
ETV
|
118,300
|
0.19%
|
$12.98
|
$12.74
|
0.71%
|
-11.46%
|
-
9.77%
|
1.69%
|
|
ETW
|
473,500
|
0.44%
|
$11.00
|
$11.11
|
3.65%
|
-13.93%
|
-11.40%
|
2.53%
|
|
ETY
|
1,523,300
|
1.00%
|
$
9.28
|
$
9.60
|
3.45%
|
-14.23%
|
-12.57%
|
1.66%
|
|
EXG
|
2,654,700
|
0.87%
|
$
8.51
|
$
8.98
|
5.52%
|
-14.64%
|
-12.39%
|
2.25%
|
|
ETJ
|
1,881,100
|
2.60%
|
$10.31
|
$10.61
|
5.62%
|
-14.93%
|
-
9.63%
|
5.30%
|
|
|
1 Based on shares outstanding at
repurchase program inception.
|
|
2 A Fund's Beginning Market Price and
Beginning NAV Discount are as of the close of the market on the
business day preceding its first share repurchase. ETB has not
repurchased shares to date. As of November 2, 2012, its NAV
Discount was -3.15%.
|
|
3 % Return at Market Price reflects the
change in the market price of Fund shares plus any distributions
paid during the period. Past performance is no guarantee of future
results.
|
Each Fund's repurchase program is implemented on a
discretionary basis under the direction of EVM. There can be no
assurance that shares will be repurchased for a Fund in the same or
similar amount going forward, or that the market price of Fund
shares will continue to increase.
Additional information about the Funds, including performance
and portfolio characteristic information, is available at
www.eatonvance.com.
EVM is a subsidiary of Eaton Vance Corp. (NYSE: EV), one of the
oldest investment management firms in the
United States, with a history dating back to 1924. Eaton
Vance and its affiliates managed $198.2
billion in assets as of September 30,
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.
Shares of closed-end funds often trade at a discount from their
net asset value. The market price of Fund shares may vary
from net asset value based on factors affecting the supply and
demand for shares, such as Fund distribution rates relative to
similar investments, investors' expectations for future
distribution changes, the clarity of the Fund's investment strategy
and future return expectations, and investors' confidence in the
underlying markets in which the Fund invests. Fund shares are
subject to investment risk, including possible loss of principal
invested. No Fund is a complete investment program and you
may lose money investing in a Fund. An investment in a Fund
may not be appropriate for all investors. Before investing,
prospective investors should consider carefully the Fund's
investment objective, risks, charges and expenses.
Statements in this press release that are not
historical facts are forward-looking statements as defined by
the United States securities laws.
You should exercise caution in interpreting and relying on
forward-looking statements because they are subject to
uncertainties and other factors, in some cases beyond the Funds'
control, which could cause actual results
to differ materially from those set
forth in the forward-looking statements.
SOURCE Eaton Vance Management