Eaton Vance Tax Advantaged Bond and Option Strategies Fund : Closed-End Funds Release Estimated Sources of Distribution

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EATON VANCE CLOSED-END FUNDS

RELEASE ESTIMATED SOURCES OF DISTRIBUTIONS

BOSTON, MA, January 29, 2021 - The Eaton Vance closed-end funds listed below released today the estimated sources of their January distributions (each a "Fund"). This press release is issued as required by the Funds' 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, as noted below, 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 January distribution. It is not determinative of the tax character of a Fund's distributions for the 2021 calendar year. Shareholders should note that each Fund's total regular distribution amount is subject to change as a result of market conditions or other factors.

IMPORTANT DISCLOSURE: You should not draw any conclusions about each Fund's investment performance from the amount of this distribution or from the terms of each Fund's Plan. Each 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 each Fund is paid back to you. A return of capital distribution does not necessarily reflect each 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 each Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each 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.

The following tables set forth estimates of the sources of each Fund's January distribution and its cumulative distributions paid for its fiscal year through January 29, 2021, and information relating to each Fund's performance based on its net asset value (NAV) for certain periods.

Eaton Vance Enhanced Equity Income Fund (NYSE: EOI)

Distribution Period:

Distribution Amount per Common Share: Distribution Frequency:

January- 2020 $0.0898 Monthly

Fiscal Year End:

September

Source

Current Distribution

% of Current DistributionCumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal

Year-to-Date

Net Investment Income

$0.0023

2.60%

$0.0169 4.70%

Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital or Other Capital Source(s) Total per common share

$0.0000

0.00%

$0.0000 0.00%

$0.0000

0.00%

$0.0000 0.00%

$0.0875

97.40%

$0.3423 95.30%

$0.0898

100.00%

$0.3592 100.00%Average annual total return at NAV for the 5-year period ended on December 31, 2020 1 11.86%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020 2 6.39%

Cumulative total return at NAV for the fiscal year through December 31, 2020 3 9.42%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2020 4 1.60%

Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS)

Distribution Period:

Distribution Amount per Common Share: Distribution Frequency:

Fiscal Year End:

SourceNet Investment Income

Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital or Other Capital Source(s) Total per common share

January- 2020 0.0988 Monthly

December

Current Distribution

% of Current DistributionCumulative Distributions for the Fiscal Year-to-Date

$0.0000

0.00%

$0.0000 0.00%

$0.0000

0.00%

$0.0000 0.00%

$0.0000

0.00%

$0.0000 0.00%

$0.0988

100.00%

$0.0988 100.00%

$0.0988

100.00%

$0.0988 100.00%Average annual total return at NAV for the 5-year period ended on December 31, 2020 1 15.94%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020 2 5.59%

Cumulative total return at NAV for the fiscal year through December 31, 2020 3 28.55%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2020 4 5.13%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ)

Distribution Period:

Distribution Amount per Common Share: Distribution Frequency:

Fiscal Year End:

SourceNet Investment Income

Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital or Other Capital Source(s) Total per common share

January- 2020 $0.0760 Monthly

December

Current Distribution

% of Current DistributionCumulative Distributions for the Fiscal Year-to-Date

$0.0011

1.40%

$0.0011 1.40%

$0.0000

0.00%

$0.0000 0.00%

$0.0000

0.00%

$0.0000 0.00%

$0.0749

98.60%

$0.0749 98.60%

$0.0760

100.00%

$0.0760 100.00%Average annual total return at NAV for the 5-year period ended on December 31, 2020 1 8.50%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020 2 9.05%

Cumulative total return at NAV for the fiscal year through December 31, 2020 3 18.78%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2020 4 9.05%

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO)

Distribution Period:

Distribution Amount per Common Share: Distribution Frequency:

Fiscal Year End:

SourceNet Investment Income

Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital or Other Capital Source(s) Total per common share

January- 2020 $0.1425 Monthly

October

Current Distribution

% of Current DistributionCumulative Distributions for the Fiscal Year-to-Date

$0.0249

17.50%

$0.0787 18.40%

$0.1176

82.50%

$0.3428 80.20%

$0.0000

0.00%

$0.0060 1.40%

$0.0000

0.00%

$0.0000 0.00%

$0.1425

100.00%

$0.4275 100.00%Average annual total return at NAV for the 5-year period ended on December 31, 2020 1 12.95%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020 2 6.35%

Cumulative total return at NAV for the fiscal year through December 31, 2020 3 21.66%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2020 4 1.06%

% of the Cumulative Distributions for the Fiscal

Year-to-Date

% of the Cumulative Distributions for the Fiscal

Year-to-Date

% of the Cumulative Distributions for the Fiscal

Year-to-Date

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB)

Distribution Period:

Distribution Amount per Common Share: Distribution Frequency:

Fiscal Year End:

SourceNet Investment Income

Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital or Other Capital Source(s) Total per common share

January- 2020 $0.1080 Monthly

December

Current Distribution

% of Current DistributionCumulative Distributions for the Fiscal Year-to-Date

$0.0041

3.80%

$0.0041 3.80%

$0.0000

0.00%

$0.0000 0.00%

$0.0391

36.20%

$0.0391 36.20%

$0.0648

60.00%

$0.0648 60.00%

$0.1080

100.00%

$0.1080 100.00%Average annual total return at NAV for the 5-year period ended on December 31, 2020 1 7.60%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020 2 8.88%

Cumulative total return at NAV for the fiscal year through December 31, 2020 3 5.07%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2020 4 8.88%

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV)

Distribution Period:

Distribution Amount per Common Share: Distribution Frequency:

Fiscal Year End:

SourceNet Investment Income

Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital or Other Capital Source(s) Total per common share

January- 2020 $0.1108 Monthly

December

Current Distribution

% of Current DistributionCumulative Distributions for the Fiscal Year-to-Date

$0.0009

0.80%

$0.0009 0.80%

$0.0000

0.00%

$0.0000 0.00%

$0.0000

0.00%

$0.0000 0.00%

$0.1099

99.20%

$0.1099 99.20%

$0.1108

100.00%

$0.1108 100.00%Average annual total return at NAV for the 5-year period ended on December 31, 2020 1 9.62%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020 2 9.18%

Cumulative total return at NAV for the fiscal year through December 31, 2020 3 9.14%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2020 4 9.18%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY)

Distribution Period:

Distribution Amount per Common Share: Distribution Frequency:

Fiscal Year End:

SourceNet Investment Income

Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital or Other Capital Source(s) Total per common share

January- 2020 $0.0843 Monthly

October

Current Distribution

% of Current DistributionCumulative Distributions for the Fiscal Year-to-Date

$0.0019

2.30%

$0.0084 3.30%

$0.0000

0.00%

$0.0000 0.00%

$0.0000

0.00%

$0.0000 0.00%

$0.0824

97.70%

$0.2445 96.7%

$0.0843

100.00%

$0.2529 100.0%Average annual total return at NAV for the 5-year period ended on December 31, 2020 1 10.86%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020 2 7.95%

Cumulative total return at NAV for the fiscal year through December 31, 2020 3 11.27%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2020 4 1.32%

% of the Cumulative Distributions for the Fiscal

Year-to-Date

% of the Cumulative Distributions for the Fiscal

Year-to-Date

% of the Cumulative Distributions for the Fiscal

Year-to-Date

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)

Distribution Period:

Distribution Amount per Common Share: Distribution Frequency:

Fiscal Year End:

SourceNet Investment Income

Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital or Other Capital Source(s) Total per common share

January- 2020 $0.0727 Monthly

December

Current Distribution

% of Current DistributionCumulative Distributions for the Fiscal Year-to-Date

$0.0031

4.20%

$0.0031 4.20%

$0.0000

0.00%

$0.0000 0.00%

$0.0000

0.00%

$0.0000 0.00%

$0.0696

95.80%

$0.0696 95.80%

$0.0727

100.00%

$0.0727 100.00%Average annual total return at NAV for the 5-year period ended on December 31, 2020 1 7.84%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020 2 8.47%

Cumulative total return at NAV for the fiscal year through December 31, 2020 3 8.55%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2020 4 8.47%

Eaton Vance Tax-Advantaged Global Dividend Income (NYSE: ETG)

Distribution Period:

Distribution Amount per Common Share: Distribution Frequency:

Fiscal Year End:

SourceNet Investment Income

Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital or Other Capital Source(s) Total per common share

January- 2020 $0.1025 Monthly

October

Current Distribution

% of Current DistributionCumulative Distributions for the Fiscal Year-to-Date

$0.0202

19.70%

$0.0569 18.50%

$0.0000

0.00%

$0.0000 0.00%

$0.0000

0.00%

$0.0000 0.00%

$0.0823

80.30%

$0.2506 81.50%

$0.1025

100.00%

$0.3075 100.00%Average annual total return at NAV for the 5-year period ended on December 31, 2020 1 11.12%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020 2 6.28%

Cumulative total return at NAV for the fiscal year through December 31, 2020 3 22.57%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2020 4 1.05%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG)

Distribution Period:

Distribution Amount per Common Share: Distribution Frequency:

Fiscal Year End:

SourceNet Investment Income

Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital or Other Capital Source(s) Total per common share

January- 2020 $0.0616 Monthly

October

Current Distribution

% of Current DistributionCumulative Distributions for the Fiscal Year-to-Date

$0.0004

0.70%

$0.0028 1.50%

$0.0000

0.00%

$0.0000 0.00%

$0.0000

0.00%

$0.0000 0.00%

$0.0612

99.30%

$0.1820 98.50%

$0.0616

100.00%

$0.1848 100.00%Average annual total return at NAV for the 5-year period ended on December 31, 2020 1 9.67%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020 2 7.92%

Cumulative total return at NAV for the fiscal year through December 31, 2020 3 16.99%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2020 4 1.32%

% of the Cumulative Distributions for the Fiscal

Year-to-Date

% of the Cumulative Distributions for the Fiscal

Year-to-Date

% of the Cumulative Distributions for the Fiscal

Year-to-Date

Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD)

Distribution Period:

Distribution Amount per Common Share: Distribution Frequency:

January- 2020 $0.0708 Monthly

Fiscal Year End:

December

Source

Current Distribution

% of Current DistributionCumulative Distributions for the Fiscal Year-to-Date

% of the Cumulative Distributions for the Fiscal

Year-to-Date

Net Investment Income

$0.0000

0.00%

$0.0000 0.00%

Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital or Other Capital Source(s) Total per common share

$0.0000

0.00%

$0.0000 0.00%

$0.0000

0.00%

$0.0000 0.00%

$0.0708

100.00%

$0.0708 100.00%

$0.0708

100.00%

$0.0708 100.00%Average annual total return at NAV for the 5-year period ended on December 31, 2020 1 2.78%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020 2 8.07%

Cumulative total return at NAV for the fiscal year through December 31, 2020 3 9.44%

Cumulative fiscal year to date distribution rate as a percentage of NAV as of December 31, 2020 4 8.07%

• 1 Average annual total return at NAV represents the change in NAV of the Fund, with all distributions reinvested, for the 5-year period ended on December 31, 2020

• 2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of December

31,2020

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 December 31,

2020 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 December 31, 2020 measured on the dollar value of the distributions in year-to-date period as a percentage of the Fund's NAV as of December 31, 2020