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EOT - Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds


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  • June, 02 2025 04:00 PM
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MWN AI Summary *

Eaton Vance has recently announced distribution dates and amounts for its closed-end funds, with declarations made on June 2, 2025, and two separate ex-dates for the distributions. The first round will take place with an ex-date on June 13, 2025, a record date also on June 13, and payment scheduled for June 26, 2025. The subsequent distributions will have an ex-date of June 16, 2025, record date of June 16, and payment on June 30, 2025.

The municipal bond funds are set to distribute the following: - Eaton Vance California Municipal Income Trust (CEV) at $0.0500, and Eaton Vance Municipal Income Trust (EVN) at $0.0513, both reflecting stable amounts.

Taxable funds will deliver varying amounts such as Eaton Vance Senior Income Trust (EVF) at $0.0430, which is a slight decrease from the previous distribution, whereas Eaton Vance Limited Duration Income Fund (EVV) will offer $0.0726, showing a modest increase.

Several funds also operate under a managed distribution plan, including the Eaton Vance Enhanced Equity Income Fund (EOI) which will distribute $0.1338, maintaining its substantial yield of 8.03%. Importantly, distributions can include a mix of income types, including ordinary dividends and capital gains, and may not always align with net income earned by the funds.

Overall, while the funds aim to provide regular cash distributions, the amounts depend significantly on various factors such as investment performance, income stability, and market conditions. Investors are cautioned against interpreting distribution amounts as direct indicators of a fund's performance, and they should carefully consider the associated risks before investing. Further details about the distributions and their classifications will be disclosed as payment dates approach.

MWN AI Analysis *

Eaton Vance closed-end funds (CEFs) have recently announced their distribution dates and amounts, providing critical insights for investors navigating the market. The declaration of distributions on June 2, 2025, for funds like the Eaton Vance California Municipal Income Trust (CEV) and Eaton Vance Senior Income Trust (EVF) highlights their ongoing efforts to deliver income to shareholders. Notably, CEV maintains a distribution rate of 6.24%, while EVF’s rate stands at a higher 9.15%. This variance demonstrates differing risk-return profiles and investor appetites.

The distributions will affect trading dynamics as the ex-dates approach. Investors often experience price fluctuations around these dates. The upcoming ex-dates of June 13 and June 16 indicate that early investors may benefit from dividends, yet those purchasing post-ex-date may face declines in share price reflecting the distribution payout.

Several factors influence the sustainability of these distributions. Funds’ ability to maintain or increase dividends is dependent on investment income stability, fund performance, management expenses, and broader market conditions. For instance, Eaton Vance funds employing a managed distribution plan provide regular output, but analysts caution that high distribution rates may not reflect sustainable income—a crucial consideration in assessing total returns.

Market pricing also warrants attention; many Eaton Vance funds trade at discounts to their net asset values (NAV). For example, as of May 30, 2025, the prices for EVN and ETY reveal potential buying opportunities, yet investors should remain vigilant about market trends influencing these discounts. Overall, while Eaton Vance CEFs offer attractive distributions, careful evaluation is essential for aligning income expectations with risk profiles and market realities.

* MWN AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.


The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below.

Declaration – 6/2/2025 Ex-Date – 6/13/2025 Record – 6/13/2025 Payable – 6/26/2025

Municipal Bond Funds:

Fund

Ticker

Distribution

Change From Prior

Distribution

Closing Market Price –

5/30/25

Distribution Rate at Market Price

Eaton Vance California Municipal Income Trust

CEV

$0.0500

-

$9.62

6.24%

Eaton Vance Municipal Income Trust

EVN

$0.0513

-

$10.25

6.01%

Taxable Funds:

Fund

Ticker

Distribution

Change From Prior

Distribution

Closing Market Price –

5/30/25

Distribution Rate at Market Price

Eaton Vance Senior Income Trust

EVF

$0.0430

($0.0010)

$5.64

9.15%

Eaton Vance Limited Duration Income Fund

EVV

$0.0726

$0.0003

$9.99

8.72%

Declaration – 6/2/2025 Ex-Date – 6/16/2025 Record – 6/16/2025 Payable – 6/30/2025

Municipal Bond Funds:

Fund

Ticker

Distribution

Change From Prior Distribution

Closing Market Price – 5/30/25

Distribution Rate at Market Price

Eaton Vance California Municipal Bond Fund

EVM

$0.0417

-

$8.79

5.69%

Eaton Vance Municipal Bond Fund

EIM

$0.0508

-

$9.64

6.32%

Eaton Vance Municipal Income 2028 Term Trust

ETX

$0.0782

-

$18.32

5.12%

Eaton Vance National Municipal Opportunities Trust

EOT

$0.0683

-

$16.21

5.06%

Eaton Vance New York Municipal Bond Fund

ENX

$0.0417

-

$9.19

5.44%

Taxable Funds:

Fund

Ticker

Distribution

Change From Prior Distribution

Closing Market Price – 5/30/25

Distribution Rate at Market Price

Eaton Vance Floating-Rate Income Trust

EFT

$0.0940

-

$12.27

9.19%

Eaton Vance Senior Floating-Rate Trust

EFR

$0.0890

($0.0020)

$11.97

8.92%

Eaton Vance Short Duration Diversified Income Fund

EVG

$0.0737

$0.0006

$10.79

8.20%

Funds Making Distributions Under a Managed Distribution Plan*:

Fund

Ticker

Distribution

Change From Prior Distribution

Closing Market Price – 5/30/25

Distribution Rate at Market Price

Eaton Vance Enhanced Equity Income Fund

EOI

$0.1338

-

$19.99

8.03%

Eaton Vance Enhanced Equity Income Fund II

EOS

$0.1523

-

$22.94

7.97%

Eaton Vance Risk-Managed Diversified Equity Income Fund

ETJ

$0.0651

-

$8.85

8.83%

Eaton Vance Tax-Advantaged Dividend Income Fund

EVT

$0.1646

-

$23.24

8.50%

Eaton Vance Tax-Advantaged Global Dividend Income Fund

ETG

$0.1293

-

$20.02

7.75%

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund

ETO

$0.1733

-

$26.03

7.99%

Eaton Vance Tax-Managed Buy-Write Income Fund

ETB

$0.1058

-

$13.99

9.08%

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

ETV

$0.0993

-

$13.61

8.76%

Eaton Vance Tax-Managed Diversified Equity Income Fund

ETY

$0.0992

-

$14.97

7.95%

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

ETW

$0.0664

-

$8.41

9.47%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

EXG

$0.0657

-

$8.59

9.18%

* These Funds make distributions in accordance with a managed distribution plan. Under the managed distribution plan, a Fund issues a notice to shareholders and a press release containing information about the amount and sources of the distribution and other related information on payment date of the distribution. A Fund’s distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with “yield” or “income.” Distributions in excess of Fund returns will cause its net asset value to erode. Investors should not draw any conclusions about a Fund’s investment performance from the amount of its distribution or from the terms of its managed distribution plan. A Fund’s Board of Trustees may amend or terminate the managed distribution plan at any time without prior notice to Fund shareholders.

Each Fund intends to make regular monthly cash distributions to its common shareholders (stated in terms of a fixed cents per common share dividend distribution rate). Each Fund’s ability to maintain its declared distribution amount will depend on a number of factors, including the amount and stability of investment income earned by the Fund; the performance of the Fund’s investments; the Fund’s expenses, including the cost of financing for Funds that employ leverage; underlying market conditions; realized and projected returns; and other factors. There can be no assurance that an unanticipated change in market conditions or other factors will not result in a change in a Fund’s distributions at a future time.

Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of any monthly distribution. Each Fund’s distributions may be comprised of amounts characterized for U.S. federal income tax purposes as tax-exempt income, qualified and non-qualified ordinary dividends, capital gains and non-dividend distributions, also known as return of capital. A Fund may distribute more than its net investment income and net realized capital gains and, therefore, a distribution may include a return of capital. With each distribution, a Fund will issue a notice to its common shareholders containing information about the amount and sources of the distribution and other related information. Further information regarding Fund distributions will also be available prior to any applicable payment date at funds.eatonvance.com. The final determination of tax characteristics of each Fund’s distributions will occur after the end of the year, at which time it will be reported to the shareholders. Shareholders should not assume that the source of any distribution from a Fund is net income or profit, and the Fund’s distributions should not be used as a measure of performance or confused with “yield” or “income.”

Eaton Vance applies in-depth fundamental analysis to the active management of equity, income, alternative and multi-asset strategies. Eaton Vance’s investment teams follow time-tested principles of investing that emphasize ongoing risk management, tax management (where applicable) and the pursuit of consistent long-term returns. The firm’s investment capabilities encompass the global capital markets. Eaton Vance is a part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250602920350/en/

Investor Contact:  (800) 262-1122


MWN AI FAQ **

How does the Eaton Vance Tax-Managed Global Diversified Equity Income Fund of Beneficial Interest EXG's distribution rate of 9.18% compare to its peers, and what factors contribute to its market price variations?

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) has a competitive distribution rate of 9.18% compared to its peers, with market price variations influenced by changes in dividend income, fund performance, market conditions, and investor sentiment.

In light of the managed distribution plan for the Eaton Vance Tax-Managed Global Diversified Equity Income Fund of Beneficial Interest EXG, how can shareholders assess the sustainability of its distributions over time?

Shareholders can assess the sustainability of EXG's distributions by analyzing the fund's income generation, distribution history, payout ratios, and any changes in management strategies or market conditions that may impact future earnings and distributions.

What insights can you provide on the impact of market conditions on the Eaton Vance Tax-Managed Global Diversified Equity Income Fund of Beneficial Interest EXG’s net asset value and distribution performance?

Market conditions, including interest rates, economic growth, and equity market trends, significantly influence EXG's net asset value and distribution performance by affecting the underlying securities' valuations and the fund's income generation capabilities.

Given the investment strategy of the Eaton Vance Tax-Managed Global Diversified Equity Income Fund of Beneficial Interest EXG, how does Eaton Vance manage risks associated with potential capital erosion from distributions exceeding net returns?

Eaton Vance manages risks of capital erosion in the EXG fund by employing a tax-managed approach that strategically balances distributions with net returns, ensuring income sustainability while prioritizing capital preservation through diversified investments.

** MWN AI Questions are based on asking OpenAI to ask and answer four questions about this news release.

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Eaton Vance Municipal Income Trust EATON VANCE NATIONAL MUNICIPAL OPPORTUNITIES TRUST Company Name:

EOT Stock Symbol:

NYSE Market:

-0.55% G/L:

$16.24 Last:

32,349 Volume:

$16.40 Open:

$16.24 Close:

Eaton Vance Municipal Income Trust EATON VANCE NATIONAL MUNICIPAL OPPORTUNITIES TRUST Website:

Eaton Vance Municipal Income Trust EATON VANCE NATIONAL MUNICIPAL OPPORTUNITIES TRUST Logo

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