CORRECTING and REPLACING Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
MWN-AI** Summary
Eaton Vance recently issued a corrected announcement regarding the distribution dates and amounts for its closed-end funds, highlighting an adjustment in the Ex-Date and Record Date for certain funds. Previously stated as 10/13/2025, these dates have been updated to 10/14/2025 to reflect accuracy. The full details were included in a release dated October 1, 2025.
The funds mentioned have declared distributions with the following key dates: Declaration on October 1, 2025, Ex-Date and Record Date set for October 14, 2025, and payment due on October 23, 2025. In particular, the Municipal Bond and Taxable Funds listed rates and their changes compared to prior distributions, alongside their market prices as of September 30, 2025. For example, Eaton Vance California Municipal Income Trust (CEV) announced a distribution of $0.0500, maintaining a rate of 5.95% based on a market price of $10.08. Other notable entries include Eaton Vance Senior Income Trust (EVF), with a minor distribution reduction and an 8.54% distribution rate.
Furthermore, additional funds with distributions scheduled for October 15, 2025, also underwent similar corrections in their dates. The announcement cautions shareholders against interpreting distribution amounts as indicators of investment performance, emphasizing that a Fund’s returns could exceed its net investment income, resulting in erosion of net asset value.
Eaton Vance operates under prudent investment management principles, ensuring thorough analysis of equity and income strategies. The corrections are crucial for shareholders to understand the accurate timeline and amounts associated with their investments. For additional inquiries, Eaton Vance has provided investor contact information for assistance.
MWN-AI** Analysis
Recent adjustments in the distribution dates and amounts for Eaton Vance Closed-End Funds (CEFs) necessitate a closer examination for investors considering these funds. The updates indicate two distinct distribution announcements, with corrected Ex-Dates and Record Dates shifting from October 13, 2025, to October 14, 2025, for the first fund group, and similarly to October 15, 2025, for the second group.
Investors should take note of the distribution rates across various fund categories, especially in relation to closing market prices as of September 30, 2025. For example, the Eaton Vance California Municipal Income Trust (CEV) shows a distribution rate of 5.95% at a market price of $10.08, while the tax-exempt Eaton Vance National Municipal Opportunities Trust (EOT) offers a lower rate of 4.93% against a higher market price of $16.64.
The distributions for taxable funds, such as the Eaton Vance Senior Income Trust (EVF) with an 8.54% distribution rate, are noteworthy, given the recent slight decrease in share distribution amounts. This could indicate potential need for caution, as a declining distribution rate may signal pressures on fund performance or underlying investment income.
Investors considering CEFs should keep in mind the nature of distributions. They may include components like return of capital, which don't reflect the fund's earnings performance but can attract investors seeking immediate income. It is crucial to align investment choices with individual risk tolerance and return expectations. Furthermore, due to the varying market conditions affecting each fund, continuous evaluation of dividend sustainability should be prioritized to avoid potential erosion of net asset value in the long term.
In summary, while Eaton Vance funds offer attractive distribution rates, the adjustments to distribution announcements warrant careful analysis before investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
In the first table of release dated October 1, 2025, the Ex-Date and Record dates should read 10/14/2025 (instead of 10/13/2025).
The updated release reads:
DISTRIBUTION DATES AND AMOUNTS ANNOUNCED FOR EATON VANCE CLOSED-END FUNDS
The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below.
Declaration – 10/1/2025 Ex-Date – 10/14/2025 Record – 10/14/2025 Payable – 10/23/2025
Municipal Bond Funds:
Fund | Ticker | Distribution | Change From Prior Distribution | Closing Market Price – 9/30/25 | Distribution Rate at Market Price |
Eaton Vance California Municipal Income Trust | CEV | $0.0500 | - | $10.08 | 5.95% |
Eaton Vance Municipal Income Trust | EVN | $0.0513 | - | $11.07 | 5.56% |
Taxable Funds:
Fund | Ticker | Distribution | Change From Prior Distribution | Closing Market Price – 9/30/25 | Distribution Rate at Market Price |
Eaton Vance Senior Income Trust | EVF | $0.0390 | ($0.0010) | $5.48 | 8.54% |
Eaton Vance Limited Duration Income Fund | EVV | $0.0737 | ($0.0002) | $10.15 | 8.71% |
Declaration – 10/1/2025 Ex-Date – 10/15/2025 Record – 10/15/2025 Payable – 10/31/2025
Municipal Bond Funds:
Fund | Ticker | Distribution | Change From Prior Distribution | Closing Market Price – 9/30/25 | Distribution Rate at Market Price |
Eaton Vance Municipal Bond Fund | EIM | $0.0508 | - | $9.94 | 6.13% |
Eaton Vance Municipal Income 2028 Term Trust | ETX | $0.0782 | - | $19.30 | 4.86% |
Eaton Vance National Municipal Opportunities Trust | EOT | $0.0683 | - | $16.64 | 4.93% |
Taxable Funds:
Fund | Ticker | Distribution | Change From Prior Distribution | Closing Market Price – 9/30/25 | Distribution Rate at Market Price |
Eaton Vance Floating-Rate Income Trust | EFT | $0.0860 | ($0.0030) | $11.77 | 8.77% |
Eaton Vance Senior Floating-Rate Trust | EFR | $0.0850 | ($0.0010) | $11.44 | 8.92% |
Eaton Vance Short Duration Diversified Income Fund | EVG | $0.0748 | $0.0001 | $11.32 | 7.93% |
Funds Making Distributions Under a Managed Distribution Plan*:
Fund | Ticker | Distribution | Change From Prior Distribution | Closing Market Price – 9/30/25 | Distribution Rate at Market Price |
Eaton Vance Enhanced Equity Income Fund | EOI | $0.1338 | - | $21.00 | 7.65% |
Eaton Vance Enhanced Equity Income Fund II | EOS | $0.1523 | - | $23.93 | 7.64% |
Eaton Vance Risk-Managed Diversified Equity Income Fund | ETJ | $0.0651 | - | $8.99 | 8.69% |
Eaton Vance Tax-Advantaged Dividend Income Fund | EVT | $0.1646 | - | $24.45 | 8.08% |
Eaton Vance Tax-Advantaged Global Dividend Income Fund | ETG | $0.1293 | - | $21.13 | 7.34% |
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund | ETO | $0.1733 | - | $27.56 | 7.55% |
Eaton Vance Tax-Managed Buy-Write Income Fund | ETB | $0.1058 | - | $15.00 | 8.46% |
Eaton Vance Tax-Managed Buy-Write Opportunities Fund | ETV | $0.0993 | - | $14.25 | 8.36% |
Eaton Vance Tax-Managed Diversified Equity Income Fund | ETY | $0.0992 | - | $15.90 | 7.49% |
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | ETW | $0.0664 | - | $9.05 | 8.80% |
Eaton Vance Tax-Managed Global Diversified Equity Income Fund | EXG | $0.0657 | - | $9.10 | 8.66% |
* 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/20251001187658/en/
Investor Contact: (800) 262-1122
FAQ**
How do the distribution rates for Eaton Vance Municipal Income Trust and Eaton Vance National Municipal Opportunities Trust EOT compare in terms of percentage to their respective market prices, and what implications does this have for investor returns?
What factors might affect the stability of distributions for the Eaton Vance Municipal Income Trust and Eaton Vance National Municipal Opportunities Trust EOT in the context of changing market conditions?
Given the changes in distribution dates for Eaton Vance Municipal Income Trust and Eaton Vance National Municipal Opportunities Trust EOT, how should investors adjust their expectations for cash flow and tax implications?
What measures does Eaton Vance take to ensure transparency regarding the sources and characteristics of distributions for funds like Eaton Vance Municipal Income Trust and Eaton Vance National Municipal Opportunities Trust EOT, and how can investors access this information?
**MWN-AI FAQ is based on asking OpenAI questions about Eaton Vance Enhance Equity Income Fundd Equity Income Fund Shares of Beneficial Interest (NYSE: EOI).
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