EOI Research | Milton Maxwell

EOI

Eaton Vance Enhanced Equity Income Fund

19.76

-0.12-0.6%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

810.19M

P/E (TTM)

8.20

Basic EPS (TTM)

2.41

Dividend Yield

0.08%

Recent Filings

8-K

New board chairperson appointed

8/28/25Aug 28, 2025

Eaton Vance Enhanced Equity Income Fund appointed Scott E. Wennerholm as Chairperson of the Board effective August 27, 2025, for a four-year term. This follows Susan J. Sutherland's interim role since August 9, 2025, after the previous chairperson's passing. Wennerholm steps in to lead the board amid the fund's ongoing operations. Leadership transitions like this ensure continuity.

8-K

Fund chairperson passes away

8/14/25Aug 14, 2025

Eaton Vance Enhanced Equity Income Fund announced the unexpected death of Chairperson Mark R. Fetting on August 9, 2025, prompting the board to appoint Susan J. Sutherland as acting Chairperson and shrink from ten to nine members effective August 12. This sudden leadership shift disrupts oversight at a critical juncture for the closed-end fund. Continuity hinges on Sutherland's interim role.

8-K

By-laws amend control provisions

10/10/24Oct 10, 2024

Eaton Vance Enhanced Equity Income Fund eliminated its Control Share Provisions through Amendment No. 1 to the By-Laws, effective October 10, 2024, following a 2023 Board vote to exempt such acquisitions. This removes restrictions on shareholder control, easing share purchases that could trigger voting limitations. The change simplifies ownership structures. No financial impacts disclosed.

8-K

Suspends control share restrictions

2/1/23Feb 1, 2023

Eaton Vance Enhanced Equity Income Fund suspended its control share by-law provisions on January 26, 2023, exempting all prior and new share purchases from restrictions aimed at curbing activist investors. This follows a Massachusetts Superior Court ruling that upheld the board's fiduciary duty but invalidated the by-law under the Investment Company Act, amid ongoing litigation with Saba Capital. The move eases voting rights for large holders. Litigation persists, with appeals pending final resolution.

8-K

Fund adopts anti-activist voting limits

8/13/20Aug 13, 2020

Eaton Vance Enhanced Equity Income Fund amended its By-Laws on August 13, 2020, introducing Control Share Provisions to curb activist investor influence. These rules limit voting rights for shares acquired in blocks granting 10% or more voting power, requiring approval from non-interested shareholders. The move shields the fund from opportunistic takeovers. Pre-2020 holdings remain unaffected.

About

Eaton Vance Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities. It benchmarks the performance of its portfolio against S&P 500 Index. Eaton Vance Enhanced Equity Income Fund was formed on October 29, 2004 and is domiciled in the United States.

IPO

10/27/2004

Website

https://funds.eatonvance.com/Enhanced-Equity-Income-Fund-EOI.php

Sector

Financial Services

Industry

Asset Management