Eaton Vance Announces Results Of Equity Option Closed-End Fund Share Repurchase Program

     Eaton Vance Announces Results Of Equity Option Closed-End Fund Share
                              Repurchase Program

PR Newswire

BOSTON, March 8, 2013

BOSTON, March 8, 2013 /PRNewswire/ --Eaton Vance Management (EVM), investment
adviser to the below-listed Eaton Vance equity option closed-end funds (the
Funds), announced today the results of the Funds' share repurchase programs
under authorization granted in August 2012 by their Boards of Trustees to
repurchase up to 10% of the then currently outstanding common shares in
open-market transactions at a discount to net asset value (NAV):

Eaton Vance Enhanced Equity Income Fund (NYSE: EOI)
Eaton Vance Enhanced Equity Income II Fund (NYSE: EOS)
Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB)
Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV)
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)
Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY)
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG)
Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ)

From the date they began repurchasing shares until March 7, 2013, the Funds
have purchased the number and percentage of their outstanding shares and seen
changes in price and discount to NAV as indicated in the table below:

                               Beginning 3/7/13          Beginning  3/7/13
Fund No. Shares  % Shares                       % Market NAV                 Discount
     Repurchased Repurchased^1 Market    Market Return^3 Discount^2 NAV      Change
                               Price^2   Price                      Discount
EOI  659,500     1.65%         $10.82    $11.58 11.79%   -13.23%    -11.20%  2.03%
EOS  774,700     1.60%         $10.97    $11.22 7.06%    -12.31%    -10.60%  1.71%
ETV  202,000     0.32%         $12.98    $13.00 6.98%    -11.46%    -9.03%   2.43%
ETW  786,800     0.73%         $11.00    $11.28 9.62%    -13.93%    -10.33%  3.60%
ETY  2,699,900   1.77%         $9.28     $10.22 14.67%   -14.23%    -10.27%  3.96%
EXG  3,895,000   1.28%         $8.51     $9.42  15.46%   -14.64%    -10.37%  4.27%
ETJ  2,983,500   4.09%         $10.31    $11.00 11.20%   -14.93%    -11.00%  3.93%

^1 Based on shares outstanding at repurchase program inception.

^2 A Fund's Beginning Market Price and Beginning NAV Discount are as of the
close of the market on the business day preceding its first share repurchase.
ETB has not repurchased shares to date. On March 7, 2013, its NAV Discount
was -6.56%.

^3 % Return at Market Price reflects the change in the market price of Fund
shares plus any distributions paid during the period. Past performance is no
guarantee of future results.

Each Fund's repurchase program is implemented on a discretionary basis under
the direction of EVM. There can be no assurance that shares will be
repurchased for a Fund in the same or similar amount going forward, or that
the market price of Fund shares will continue to increase.

Additional information about the Funds, including performance and portfolio
characteristic information, is available at www.eatonvance.com. Information
about Fund repurchase activity also is included in Fund shareholder reports.

EVM is a subsidiary of Eaton Vance Corp. (NYSE: EV), one of the oldest
investment management firms in the United States, with a history dating back
to 1924. Eaton Vance and its affiliates managed $247.8 billion in assets as
of January 31, 2013, 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 can be affected by factors such as
changing perceptions about the Fund, market conditions, fluctuations in supply
and demand for Fund shares, or changes in Fund distributions. 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.

Statements in this press release that are not historical facts are
forward-looking statements as defined by the United States securities laws.
You should exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other factors which
are, in some cases, beyond the Fund's control and could cause actual results
to differ materially from those set forth in the forward-looking statements.

SOURCE Eaton Vance Management

Website: http://www.eatonvance.com
Contact: Investor Contact: 1-800-262-1122