Eaton Vance Fund Board Exempts Control Share Acquisitions After Court Ruling

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Board voted to exempt all prior and future share purchases from Control Share By-Law provisions until further notice.
Decision follows Massachusetts Superior Court ruling (Jan 23, 2023) that Control Share By-Law violates Section 18(i) of Investment Company Act.
Litigation with Saba Capital Master Fund, Ltd. continues; court granted funds' summary judgment on breach of fiduciary duty claim.
Exemption applies to 23 Eaton Vance closed-end funds including registrant EXG and others like EOI, EOS, ETG.

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