BOSTON, May 1, 2013 /PRNewswire/ -- Eaton Vance
Management (EVM), investment adviser to the below-listed Eaton
Vance equity option closed-end funds (the Funds), announced today
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):
Eaton
Vance Enhanced Equity Income Fund (NYSE: EOI)
|
Eaton
Vance Enhanced Equity Income II Fund (NYSE: EOS)
|
Eaton
Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB)
|
Eaton
Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:
ETV)
|
Eaton
Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:
ETW)
|
Eaton
Vance Tax-Managed Diversified Equity Income Fund (NYSE:
ETY)
|
Eaton
Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:
EXG)
|
Eaton
Vance Risk-Managed Diversified Equity Income Fund (NYSE:
ETJ)
|
From the date they began repurchasing shares until April 30, 2013, 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
|
4/30/13
Market
Price
|
%
Market
Return3
|
Beginning
NAV
Discount2
|
4/30/13
NAV
Discount
|
Discount
Change
|
EOI
|
747,000
|
1.87%
|
$10.82
|
$11.83
|
15.69%
|
-13.23%
|
-10.51%
|
2.72%
|
EOS
|
837,700
|
1.73%
|
$10.97
|
$11.43
|
10.57%
|
-12.31%
|
-10.07%
|
2.24%
|
ETV
|
202,000
|
0.32%
|
$12.98
|
$13.18
|
10.08%
|
-11.46%
|
-8.15%
|
3.31%
|
ETW
|
786,800
|
0.73%
|
$11.00
|
$11.45
|
12.93%
|
-13.93%
|
-9.70%
|
4.23%
|
ETY
|
2,749,900
|
1.80%
|
$9.28
|
$10.40
|
18.42%
|
-14.23%
|
-9.72%
|
4.51%
|
EXG
|
3,945,000
|
1.29%
|
$8.51
|
$9.60
|
19.48%
|
-14.64%
|
-9.69%
|
4.95%
|
ETJ
|
3,131,200
|
4.29%
|
$10.31
|
$11.25
|
15.43%
|
-14.93%
|
-9.78%
|
5.15%
|
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. To date,
ETB has not repurchased shares. On April 30, 2013, its NAV
Discount was -3.89%.
|
|
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. Information about Fund repurchase
activity also is included in Fund shareholder reports.
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 $255.1 billion in assets as of March 31, 2013, 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 can be
affected by factors such as changing perceptions about the Fund,
market conditions, fluctuations in supply and demand for Fund
shares, or changes in Fund distributions. 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 which are, in some cases, beyond the Fund's control and
could cause actual results to differ materially from those set
forth in the forward-looking statements.
SOURCE Eaton Vance Management