Form N-CSR Item 13(c) Exhibit
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Dear Eaton Vance Fund Shareholder:
This notice provides shareholders of the Eaton Vance Enhanced Equity Income Fund II (NYSE: EOS) with important information concerning the distribution declared in February 2020. You are receiving this notice as a requirement of the Fund’s managed distribution plan (Plan). The Board of Trustees 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 February distribution. It is not determinative of the tax character of the Fund’s distributions for the 2020 calendar year.
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: February 2020
Distribution Amount per Common Share: $0.0988
The following table sets forth an estimate of the sources of the Fund’s February 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.
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Eaton Vance Enhanced Equity Income Fund II | |
Source | | Current Distribution | | | % of Current Distribution | | | Cumulative Distributions for the Fiscal Year-to-Date1 | | | % of the Cumulative Distributions for the Fiscal Year-to-Date1 | |
Net Investment Income | | $ | 0.0000 | | | | 0.0 | % | | $ | 0.0000 | | | | 0.0 | % |
Net Realized Short-Term Capital Gains | | $ | 0.0000 | | | | 0.0 | % | | $ | 0.0000 | | | | 0.0 | % |
Net Realized Long-Term Capital Gains | | $ | 0.0000 | | | | 0.0 | % | | $ | 0.0288 | | | | 14.6 | % |
Return of Capital or Other Capital Source(s) | | $ | 0.0988 | | | | 100.0 | % | | $ | 0.1688 | | | | 85.4 | % |
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Total per common share | | $ | 0.0988 | | | | 100.0 | % | | $ | 0.1976 | | | | 100.0 | % |
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1 | The Fund’s fiscal year is January 1, 2020 to December 31, 2020 |
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.