---
schema_version: "secwatch.filing_event.v1"
accession: "0000940394-23-000239"
form_type: "8-K"
ticker: "EVT"
cik: "0001253327"
company_name: "Eaton Vance Tax-Advantaged Dividend Income Fund"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:31:10.271714+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Eaton Vance Tax-Advantaged Dividend Income Fund exempts control share acquisitions after court ruling

## Summary
- On Jan 23, 2023, Massachusetts Superior Court ruled that the control share by-law violates Section 18(i) of the Investment Company Act.
- Board of Trustees voted on Jan 26, 2023 to exempt all prior and new purchases from the control share by-law going forward.
- Court granted Saba Capital Master Fund's claim for rescission of the by-law; litigation is ongoing.
- The by-law was adopted in 2020 to deter activist investors; now invalidated by court for one of the four funds in the lawsuit.
- The exemption applies to all 24 Eaton Vance closed-end funds including EVT, EFR, EFT, and EVV.

## SEC filing metadata
- accession: 0000940394-23-000239
- form_type: 8-K
- ticker: EVT
- cik: 0001253327
- company_name: Eaton Vance Tax-Advantaged Dividend Income Fund
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1253327/000094039423000239/0000940394-23-000239-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1253327/000094039423000239/evt8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000940394-23-000239
- JSON: https://secwatch.observer/filing/0000940394-23-000239.json
- Plain text: https://secwatch.observer/filing/0000940394-23-000239.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.