BOSTON, July 1, 2015 /PRNewswire/ -- Eaton Vance
Tax-Advantaged Dividend Income Fund (NYSE: EVT) today announced
that its Board of Trustees approved the adoption of a managed
distribution plan for the Fund (the Plan). Pursuant to the
Plan, the Fund will make monthly cash distributions to common
shareholders stated in terms of a fixed amount per common
share. The Fund also declared its monthly distribution of
$0.145 per common share, which
represents an increase of approximately 25% from its June
distribution. The record date for the distribution is
July 24, 2015, and the payable date
is July 31, 2015. The ex-date is
July 22, 2015.
The Fund's distribution rate may be affected by numerous
factors, including changes in realized and projected market
returns, Fund performance and other factors. There can be no
assurance that an unanticipated change in market conditions or
other unforeseen factors will not result in a change in the Fund's
distribution rate at a future time.
A portion of the distribution may be comprised of amounts from
sources other than net investment income. If that is the
case, you will be notified in writing. Further information
will be available on or prior to the payment date at
http://funds.eatonvance.com. The final determination of tax
characteristics of the Fund's distributions will occur after the
end of the year, at which time it will be reported to the
shareholders.
The Fund will make distributions in accordance with the Plan.
With each distribution, the Fund will issue a notice to
shareholders and a press release containing information about the
amount and sources of the distribution and other related
information. The Fund's distributions in any period may be
more or less than the net return earned 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 the Fund's investment performance
from the amount of its distribution or from the terms of the Plan.
Additional information about the Fund, including performance and
portfolio characteristic information, is available at
www.eatonvance.com.
The Fund is managed by Eaton Vance Management, a subsidiary of
Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment
management firms in the United
States, with a history dating back to 1924. Eaton Vance and
its affiliates managed $311.0 billion
in assets as of April 30, 2015,
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 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.
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SOURCE Eaton Vance Management