Eaton Vance Tax-Advantaged Dividend Income Fund Declares Early Distribution of Monthly Dividend & a Special Dividend
22 December 2007 - 10:11AM
Business Wire
Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), a
closed-end management investment company, today declared a
distribution of $0.1918 per share. This distribution represents an
acceleration of the Fund�s regularly scheduled monthly dividend for
January 2008 of $0.1524 per share, plus a payment of a special
distribution of $0.0394 per share. The special distribution is
being paid to enable the Fund to meet its 2007 distribution
requirement for federal excise tax purposes. The distribution will
be paid on January 7, 2008 to shareholders of record on December
31, 2007. The ex-date is December 27, 2007. The special
distribution reflects growth in the dividends being paid by
securities owned by the Fund. In recent periods many of the
companies represented in the Fund portfolio have increased their
regular dividend payment and in a number of cases have declared
special one-time dividends. In addition, dividend income generated
by the Fund has been enhanced by the continued success of the
Fund�s dividend capture strategies. The amount of monthly
distributions may vary depending on a number of factors. As
portfolio and market conditions change, the rate of distributions
could change. At this time the Fund believes that a portion of its
respective distributions may be comprised of a return of capital.
Further information will be available prior to pay date at
www.eatonvance.com/closed_end/tax_info.php .The final determination
of tax characteristics of the Fund�s distributions will not occur
until after the end of the year, at which time it will be reported
to shareholders. Shareholders should consult with their tax advisor
for more information about their particular tax situation. The Fund
is managed by Eaton Vance Management, a subsidiary of Eaton Vance
Corp., which is listed on the New York Stock Exchange under the
symbol EV. Eaton Vance and its affiliates had $161.7 billion in
assets under management on October 31, 2007. Eaton Vance will make
available periodic summary information regarding the Funds�
portfolio investments. Those interested should call Eaton Vance
Management at 800-262-1122.
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