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Eaton Vance Enhanced Equity Income Fund
Eaton Vance Enhanced Equity Income Fund (EOI) is a closed-end fund that is listed on the New York Stock Exchange. The fund focuses on achieving current income and long-term capital appreciation, with an emphasis on equity securities. Here are some key points about EOI:
1. Investment Strategy: The fund seeks to generate current income and long-term capital appreciation by investing primarily in a diversified portfolio of equity securities of large-, mid- and small-capitalization U.S. companies. The fund may also invest in foreign securities and other investment companies, including exchange-traded funds.
2. Distribution Policy: EOI pays regular monthly distributions to shareholders. The distribution rate is not fixed and is subject to change. The distributions may be funded from net investment income, net realized short-term and long-term capital gains, and return of capital.
3. Net Asset Value (NAV): As of May 27, 2023, the NAV of EOI is $11.71 per share. The NAV represents the value of the fund's assets, less its liabilities, divided by the number of outstanding shares.
4. Premium/Discount: EOI's market price may differ from its NAV. As of May 27, 2023, the fund is trading at a premium to its NAV of approximately 14.52%.
5. Historical Performance: Over the past year, EOI has returned 18.55% as of May 27, 2023. However, past performance is not indicative of future results.
6. Earnings: EOI's earnings are reported in its annual and quarterly reports, which can be found on its website or through the Securities and Exchange Commission's (SEC) EDGAR database.
7. Growth: The growth of EOI depends on various factors, including the performance of its investments, the market conditions, and the overall economy.
It is important to note that investing in closed-end funds involves certain risks, including the risk of losing some or all of your investment. Before investing in EOI or any other investment, it is recommended that you consult with a financial advisor or other investment professional.