Eaton Vance Short Duration Diversified Income Fund

Eaton Vance California Municipal Income Trust

Eaton Vance Senior Floating Rate Fund

Eaton Vance Floating-Rate Income Trust

Eaton Vance New York Municipal Bond Fund

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance National Municipal Opportunities Trust

Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance

Eaton Vance California Municipal Bond Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Limited Duration Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 11/1/2024 Ex-Date – 11/11/2024 Record – 11/11/2024 Payable – 11/18/2024   Municipal Bond Funds: Fund Ticker   Distribution   Change From Prior Distribution   Closing Market Price – 10/31/24   Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV   $0.0500   -   $10.55   5.69% Eaton Vance Municipal Income Trust EVN   $0.051.

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

The Eaton Vance Short Duration Diversified Income Fund offers an 8.51% yield, higher than major domestic and international bond indices, which might appeal to income investors. The fund's yield is average compared to peers, suggesting market confidence in its distribution sustainability but requiring a trade-off in potential income. The fund's portfolio, heavily invested in floating-rate collateralized loan obligations, faces income decline risks due to expected Federal Reserve interest rate cuts.

EVG: Falling Interest Rates Greatly Reduce This Fund's Appeal (Rating Downgrade)

Eaton Vance Short Duration Diversified Income Fund offers a high yield of 8.67%, beating most debt indices, but this is lower than its peers. The EVG closed-end fund's price performance over the past three years has been better than its peers, which is probably due to its leverage not being as high as some of them. The fund employs leverage to boost yield, with a leverage ratio at the median level compared to peers, covering distributions with unrealized gains.

EVG: A Good Choice For Income, But May Underperform A Regular Bond Fund

Eaton Vance Short Duration Diversified Income Fund is a fixed income CEF that is currently trading at a discount despite improved analytics and cash flows. The fund has a low duration achieved through holding floating rate leveraged loans and low-duration MBS bonds. EVG has overcome previous issues of overdistribution and now has a stable NAV, making it an attractive investment in the current high interest rate environment.

EVG: This 9% Yielding CEF Is Finally Attractive

Tortoise Energy Independence Fund, Inc.

Tortoise MLP Fund

Franklin Templeton Dragon Fund

abrdn Life Sciences Investors 

abrdn World Healthcare Fund 

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

22 out of 22 CEF sectors positive on price and 21 out of 22 sectors positive on NAV. Tortoise tender offering results. Eaton Vance tender offer results.

Weekly Closed-End Fund Roundup: Tortoise Tender Results (November 19, 2023)

Blink Charging

ChargePoint Holdings

The electric vehicle (EV) market is booming in 2023, accounting for 19.1% of total car sales with global sales expected to reach 14.5 million units by the end of the year. Tesla (NASDAQ: TSLA ) and the general rise of EVs have been fed by the growing electric vehicle charging infrastructure across the United States and elsewhere.

Ticking Time Bombs: 3 EV Charging Stocks to Dump Before the Damage Is Done

Eaton Vance Short Duration Diversified Income Fund is a multi-sector bond fund that incorporates various exposures of floating and fixed rates within its portfolio. The fund has a flexible investment policy and aims to provide a high level of current income while also seeking capital appreciation. EVG has performed well since our last update, but its discount to net asset value per share is not attractive, leading to a "Hold" rating.

EVG: Improving Income Generation Is Positive, But Still Not Attractively Priced

BlackRock Credit Allocation Income Trust

MFS High Yield Municipal Trust

DoubleLine Income Solutions Fund

Flaherty & Crumrine Total Return Fund Inc

Blackrock Floating Rate Income Strategies Fund Inc

Nuveen Floating Rate Income Fund

Deutsche Strategic Municipal Income Trust

Nuveen Dynamic Municipal Opportunities Fund

Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Income Fund Inc

Nuveen Select Tax-Free Income Portfolio

Nuveen Municipal Credit Income Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PIMCO Access Income Fund

Pimco High Income Fund

Putnam Master Intermediate Income Trust

Pimco New York Municipal Income Fund

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Western Asset Premier Bond Fund

Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation.

CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best

EVG holds a portfolio of senior loans, foreign debt, and MBS securities. The fund's 10.1% distribution yield is a mirage as it is funded from return investors' own capital.

EVG: Avoid On Recession Worries

Angel Oak Financial Strategies Income Term Trust

We review CEF market valuation and performance through the first week of May and highlight recent market action. CEFs were relatively weak as rising credit spreads and residual unease about the banking sector pushed prices lower.

CEF Weekly Review: All's (Mostly) Quiet On The Distribution Front

EVG has recently sunk to a larger discount making it relatively more attractive since our last update, but not at quite a "Buy" level yet. The fund's short-duration focus had helped it reduce moves lower in the last year, but only mildly.

EVG: Discount Widens, But Still Cautious

The EVG fund provides high current income through investments in senior loans, foreign debt, and MBS securities. EVG has an annualized current yield of 10.0%.

EVG: High Yield Funded Through Return Of Principal

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Taxable Municipal Bond Trust

Central and Eastern Europe Fund

Cornerstone Total Return Fund Inc

Doubleline Opportunistic Credit Fund

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Stone Harbor Emerging Markets Total Income Fund

European Equity Fund

Eagle Point Income Company Inc

First Trust / Aberdeen Emerging Opportunity Fund

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Gabelli Convertible and Income Securities Fund

Gabelli Multimedia Trust

Gabelli Global Utility & Income Trust

John Hancock Hedged Equity & Income Fund

BlackRock Corporate High Yield Fund

New Ireland Fund Inc

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

Madison Fund

Macquarie Global Infrastructure Total Return Fund Inc

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Nuveen Missouri Quality Municipal Income Fund

Putnam Municipal Opportunities Trust

Cohen And Steers Total Return Realty Fund

RiverNorth Opportunities Fund, Inc.

Franklin Templeton Emerging Markets Income Fund

Virtus Total Return Fund

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

EVG looked like a better deal earlier this year, but the discount has narrowed. That pushes me to be more cautious overall because the valuation isn't attractive enough to compensate for risks.

EVG: Short Duration Multi-Sector Bond Fund, But Caution Warranted

Apollo Tactical Income Fund, Inc.

Western Asset Mortgage Opportunity Fund

Eaton Vance Floating-Rate 2022 Target Term Trust

Invesco Value Municipal Income Trust

Nuveen Emerging Markets Debt 2022 Target Term Fund

We review CEF market valuation and performance through the first week of September and highlight recent market action. CEFs had another down week along with the rest of the income space on the back of hawkish Fed commentary.

CEF Weekly Review: MLP CEFs And Portfolio Diversification

EVG has come down from its premium and on an absolute basis as fixed-income assets get hit. The fund still shouldn't be expected to earn its distribution, but the 10% managed distribution plan means we know what to expect.

EVG: Distribution Is Attractive, Now The Valuation Is Too

BOSTON, Feb. 2, 2022 /PRNewswire/ -- The following notice relates to the combined Annual Meeting of Shareholders of Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) and Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO): Notice That Annual Meeting Of Shareholders Will Be A Telephonic Meeting Due to the public health impact of the coronavirus pandemic (COVID-19) and to support the health and well-being of our shareholders, NOTICE IS HEREBY GIVEN that the combined Annual Meeting of Shareholders of Eaton Vance Short Duration Diversified Income Fund and Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (each, a "Fund" and together, the "Funds") to be held on Thursday, February 10, 2022 at 11:30 a.m. Eastern Time (the "Meeting") will be held in a telephonic format.

Certain Eaton Vance Closed-End Funds Announce Telephonic Annual Meeting Of Shareholders On February 10, 2022

In 2021, EVG implemented a new distribution plan that would target a 10% annual payout. This is adjusted each month, so every month is a different distribution, which some investors might not find appealing.

EVG: Distribution Is Attractive, But The Valuation Isn't

BOSTON, Dec. 22, 2021 /PRNewswire/ -- The Boards of Trustees of Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) and Eaton Vance Limited Duration Income Fund (NYSE American: EVV) (each, a "Fund" and together, the "Funds") have approved a change to each Fund's investment policies with respect to the Fund's ability to enter into commitments to buy and sell mortgage-backed securities (to-be-announced transactions or "TBAs").  Effective immediately, each Fund's former investment restrictions with respect to TBAs have been removed.

Eaton Vance Short Duration Diversified Income Fund and Eaton Vance Limited Duration Income Fund Announce Investment Policy Changes

Pioneer Municipal High Income Opportunities Fund

Virtus AllianzGI Equity & Convertible Income Fund

PIMCO Dynamic Income Opportunities Fund

Pioneer High Income Trust

We review CEF market valuation and performance through the first week of December and highlight recent market action. November did not bring much joy to CEF investors with the market finishing lower in aggregate. December has continued the trend lower so far.

CEF Weekly Market Review: Slow And Steady Distributions Can Win The Race

Liberty All-Star Growth Fund

Bancroft Fund Ltd

BlackRock Virginia Municipal Bond Trust

Boulder Growth & Income Fund

Blackrock Long-Term Municipal Advantage Trust

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

MFS Intermediate High Income Fund

Cornerstone Strategic Value Fund Inc

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

BNY Mellon High Yield Strategies Fund 

Franklin Limited Duration Income Trust

Gabelli Equity Trust

Templeton Global Income Fund

Eagle Capital Growth Fund Inc

abrdn Healthcare Investors 

John Hancock Tax-Advantaged Global Shareholder Yield Fund

John Hancock Investors Trust

4 out of 24 CEF sectors positive on price and 2 out of 24 sectors positive on NAV last week. Date for PIMCO merger of PCI and PKO into PDI announced.

Weekly Closed-End Fund Roundup: November 28, 2021

BlackRock 2022 Global Income Opportunity Trust

Calamos Long/Short Equity & Dynamic Income Trust

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

BNY Mellon Strategic Municipal Bond Fund, Inc.

Allspring Income Opportunities Fund

Wells Fargo Multi-Sector Income Fund

Wells Fargo Utilities and High Income Fund

Fiduciary / Claymore Mlp Opportunity Fund

Clough Global Opportunities Fund

Highland Global Credit Allocation Fund.

Nuveen Tax-Advantaged Dividend Growth Fund

Deutsche Municipal Income Trust

BNY Mellon Strategic Municipals, Inc.  

BlackRock MuniYield California Quality Fund Inc

21 out of 24 CEF sectors positive on price and 22 out of 24 sectors positive on NAV last week. US equity leads while emerging market income lags.

Weekly Closed-End Fund Roundup: November 7, 2021

Apollo Senior Floating Rate Fund

John Hancock Financial Opportunities Fund

Center Coast Brookfield MLP & Energy Infrastructure Fund

Aberdeen Global Income Fund

First Trust Senior Floating Rate Income Fund II

Federated Premier Municipal Income Fund

GGM Macro Alignment ETF

Gabelli Go Awhr Registered Shs

Guggenheim Strategic Opportunities Fund

Guggenheim Enhanced Equity Income Fund

Gabelli Utility Trust

Three out of 23 CEF sectors positive on price and six out of 23 sectors positive on NAV last week.

Weekly Closed-End Fund Roundup: Sept. 26, 2021

EVG is a fundamentally sound fund with a good credit and interest risk profile.

EVG - 'Rob Peter To Pay Paul'

Clough Global Equity Fund

Clough Global Dividend and Income Fund

John Hancock Tax-Advantaged Dividend Income Fund

Neuberger Berman Real Estate Securities Income Fund Inc

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

Cohen & Steers Infrastructure Fund Inc

Reaves Utility Income Fund

Financial Select Sector SPDR Fund

There is no "one size fits all" approach to when to sell, much like investing, in general.

No Easy Answer When It Comes Time To Sell A Closed-End Fund

News for Eaton Vance Short Duration Diversified Income Fund ETF (EVG)