Eaton Vance Enhanced Equity Income Fund September 2009 Distribution
30 September 2009 - 9:03PM
PR Newswire (US)
BOSTON, Sept. 30 /PRNewswire-FirstCall/ -- Eaton Vance Enhanced
Equity Income Fund (NYSE:EOI) today announced important information
concerning its distribution declared in September 2009. This press
release is issued as required by the Fund's managed distribution
plan (Plan) and an exemptive order received from the U.S.
Securities and Exchange Commission. The Board of Trustees has
approved the implementation of the Plan to make monthly cash
distributions to common shareholders, stated in terms of a fixed
amount per common share. This information is sent to you for
informational purposes only and is an estimate of the sources of
the September distribution. It is not determinative of the tax
character of the Fund's distributions for the 2009 calendar year.
Shareholders should note that the Fund's total regular distribution
amount is subject to change as a result of market conditions or
other factors. The amounts and sources of distributions reported in
this notice are estimates, are not being provided for tax reporting
purposes and the distribution may later be determined to be from
other sources including realized short-term gains, long-term gains,
to the extent permitted by law, and return of capital. The actual
amounts and sources for tax reporting purposes will depend upon the
Fund's investment experience during the remainder of its fiscal
year and may be subject to changes based on tax regulations. The
Fund will send you a Form 1099-DIV for the calendar year that will
tell you how to report these distributions for federal income tax
purposes. Distribution Period: September 2009 Distribution Amount
per Common Share: $0.137 The following table sets forth an estimate
of the sources of the Fund's September distribution and its
cumulative distributions paid this fiscal year to date. Amounts are
expressed on a per common share basis and as a percentage of the
distribution amount. Eaton Vance Enhanced Equity Income Fund
--------------------------------------- % of the Cumulative
Cumulative Distributions Distributions Current % of Current for the
Fiscal for the Fiscal Source Distribution Distribution
Year-to-Date(1) Year to Date(1) Net Investment Income $0.007 5.1%
$0.145 8.8% Net Realized Short-Term Capital Gains $0.000 0.0%
$0.000 0.0% Net Realized Long-Term Capital Gains $0.000 0.0% $0.000
0.0% Return of Capital or Other Capital Source(s) $0.130 94.9%
$1.499 91.2% Total per common share $0.137 100.0% $1.644 100.0% (1)
The Fund's fiscal year is October 1, 2008 to September 30, 2009
IMPORTANT DISCLOSURE: You should not draw any conclusions about the
Fund's investment performance from the amount of this distribution
or from the terms of the Fund's Plan. The Fund estimates that it
has distributed more than its income and net realized capital
gains; therefore, a portion of your distribution may be a return of
capital. A return of capital may occur for example, when some or
all of the money that you invested in the Fund is paid back to you.
A return of capital distribution does not necessarily reflect the
Fund's investment performance and should not be confused with
'yield' or 'income.' The amounts and sources of distributions
reported in this Notice are only estimates and are not being
provided for tax reporting purposes. The actual amounts and sources
of the amounts for accounting and/or tax reporting purposes will
depend upon the Fund's investment experience during the remainder
of its fiscal year and may be subject to changes based on tax
regulations. The Fund will send you a Form 1099-DIV for the
calendar year that will tell you how to report these distributions
for federal income tax purposes. Set forth in the table below is
information relating to the Fund's performance based on its net
asset value (NAV) for certain periods. Average annual total return
at NAV for the period from inception through August 31, 2009(1)
2.51% Annualized current distribution rate expressed as a
percentage of NAV as of August 31, 2009(2) 12.48% Cumulative total
return at NAV for the fiscal year through August 31, 2009(3) -9.08%
Cumulative fiscal year to date distribution rate as a percentage of
NAV as of August 31, 2009(4) 11.44% (1) Average annual total return
at NAV represents the simple arithmetic average of the annual NAV
total returns of the Fund for the period from inception
(10/29/2004) through August 31, 2009. (2) The annualized current
distribution rate is the cumulative distribution rate annualized as
a percentage of the Fund's NAV as of August 31, 2009. (3)
Cumulative total return at NAV is the percentage change in the
Fund's NAV for the period from the beginning of its fiscal year to
August 31, 2009 including distributions paid and assuming
reinvestment of those distributions. (4) Cumulative fiscal year
distribution rate for the period from the beginning of its fiscal
year to August 31, 2009 measured on the dollar value of
distributions in the year-to-date period as a percentage of the
Fund's NAV as of August 31, 2009. The Funds are 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 $147.7 billion in assets as of August
31, 2009, offering individuals and institutions a broad array of
investment products and wealth management solutions. The Company's
long record of providing exemplary service 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
http://www.eatonvance.com/. DATASOURCE: Eaton Vance Management
CONTACT: Investors, Eaton Vance Management, +1-800-262-1122 Web
Site: http://www.eatonvance.com/
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