Eaton Vance Tax-Advantaged Bond and Option Strategies Fund Declares Quarterly Distribution

Eaton Vance Tax-Advantaged Bond and Option Strategies Fund Declares Quarterly
                                 Distribution

PR Newswire

BOSTON, Dec. 14, 2012

BOSTON, Dec. 14, 2012 /PRNewswire/ --Eaton Vance Tax-Advantaged Bond and
Option Strategies Fund (NYSE: EXD) (the "Fund"), a closed-end management
investment company, today declared its quarterly distribution of $0.425 per
common share. The distribution is expected to be paid on January 2, 2013, to
shareholders of record on December 24, 2012. The ex-date is December 20,
2012.

At this time, the Fund believes that a portion of the December 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 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
shareholders.

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 $199.5 billion in assets as of October 31, 2012,
offering individuals and institutions a broad array of investment strategies
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 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.



SOURCE Eaton Vance Management

Website: http://funds.eatonvance.com
Contact: Investor Contact, +1-800-262-1122
 
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