This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Eaton Vance Tax-Advantaged Dividend Income Fund, Eaton Vance Tax-Advantaged Global Dividend Income Fund And Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Announce Change In Investment Policies

BOSTON, Aug. 7, 2012 /PRNewswire/ -- Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG) and Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO), each a diversified closed-end investment company (collectively, the "Funds" and each a "Fund"), are announcing a change to their investment policies.  Each Fund currently invests at least 80% of its total assets in dividend-paying common and preferred stocks that the investment adviser believes at the time of investment are eligible to pay dividends that qualify for federal income taxation at rates applicable to long-term capital gains.  With respect to its preferred stock investments, each Fund expects to invest primarily in preferred stocks of investment grade quality (which is at least BBB- as determined by Standard & Poor's Ratings Group or Fitch Ratings or Baa3 as determined by Moody's Investors Service, Inc. or, if unrated, determined to be of comparable quality by the investment adviser).  Not more than 10% of a Fund's total assets may be invested in securities rated below investment grade. 

Under the revised policies, each Fund will continue to invest at least 80% of its total assets in common and preferred stocks as described above; however, effective today, each Fund has eliminated the requirement that it invest primarily in preferred stocks of investment grade quality.  In addition, each Fund is authorized to invest up to 30% of its total assets in securities rated below investment grade.   

Investments in lower rated obligations and comparable unrated securities ("junk bonds") have speculative characteristics because of the credit risk associated with their issuers. Changes in economic conditions or other circumstances typically have a greater effect on the ability of issuers of lower rated investments to make principal and interest payments than they do on issuers of higher rated investments. An economic downturn generally leads to a higher non-payment rate, and a lower rated investment may lose significant value before a default occurs. Lower rated investments generally are subject to greater price volatility and illiquidity than higher rated investments.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs