secwatch.observer — SEC 8-K summary
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Issuer:     Eaton Vance Tax-Advantaged Dividend Income Fund (EVT)
CIK:        0001253327
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0000940394-23-000239
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1253327/000094039423000239/0000940394-23-000239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1253327/000094039423000239/evt8k.htm
  HTML page:      https://secwatch.observer/filing/0000940394-23-000239

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