Growth of $10K Avg Annual Total Return %   10 YR 5 YR 1 YR YTD Market Return 12.28% 16.08% 63.43% 20.33% Lipper Pct. Rank 20 53 38 56 NAV Return 11.37% 14.49% 55.79% 16.48% Lipper Pct. Rank 14 50 24 22 Premium/Discount History Premium/Discount 10 YR Avg 5 YR Avg YTD Avg -6.834% -7.219% -7.900%

NAV $22.25 Market Price $21.38 Net Change $0.03 Market Change $0.04 Premium/Discount -3.91% 1 YR NAV Return 55.791% 1 YR NAV Rank 24 12-Mo Yield as of 4/30/2021 Yield Def Income Only Yield 6.26% Distribution Yield (Market) 5.94% Most Recent Income Dividend $0.103 Ex-Div Date 5/20/2021 Most Recent Cap Gain Dividend $0.050 Ex-Div Date 12/21/2018 Dividend Frequency Monthly YTD Dividends $0.410 YTD Capital Gains -- Inception Date 1/30/2004 Fund Advisor Eaton Vance Management Manager & Tenure Croft since 2010 Allison since 2013 Dyer since 2015 Phone 800-262-1122 Website www.eatonvance.com Total Net Assets (mil) as of 5/31/2021 $1,678.1 % Leveraged Assets as of 10/31/2020 23.54% Portfolio Turnover 224.00% Mgmt Fees 1.109% Expense Ratio 1.710% Fund Objective The Fund seeks to provide a high level of after-tax total return. The Fund invests in dividend-paying common and preferred stocks of US and non-US companies that produce attractive levels of tax-advantaged dividend income and are, in the opinion of the Adviser, undervalued or inexpensive relative to the overall market.

Top Holdings (as of 3/31/2021) Alphabet Inc ORD 3.16% Microsoft Corp ORD 2.66% Amazon.com Inc ORD 2.40% Swiss Re AG ORD 2.05% Volvo AB ORD 1.95% Skanska AB ORD 1.73% Skandinaviska Enskilda Banken AB ORD 1.69% Apple Inc ORD 1.60% SGS SA ORD 1.59% Fortum Oyj ORD 1.55%

Top Sectors (as of 3/31/2021) Financials 26.02% Industrials 21.09% Technology 17.10% Health Care 12.24% Consumer Goods 10.70% Consumer Services 8.61% Utilities 5.20% Telecommunications 4.85% Oil & Gas 4.40% Basic Materials 2.68%

The views and opinions expressed in the replay are for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on factors such as market conditions or legal and regulatory developments. This material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition. Past performance is no guarantee of future results. Investing involves risk; principal loss is possible. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Closed-end funds frequently trade at a discount to their net asset value (NAV).