BOSTON, July 15 /PRNewswire-FirstCall/ -- Eaton Vance Management, the Boston-based investment adviser, today announced the quarterly distributions declared on the common shares of two of its closed-end equity funds (the "Funds"). The record date for the distributions is July 24, 2009, and the payable date is July 31, 2009. The ex-date is July 22, 2009. The distribution per share for each Fund is as follows:

                                                         Distribution
    Fund                                                   Per Share
    Eaton Vance Risk-Managed Diversified Equity             $0.450
     Income Fund (NYSE: ETJ)
    Eaton Vance Tax-Managed Buy-Write Income                $0.450
     Fund (NYSE: ETB)

At this time the Funds believe that a portion of the July distribution may be comprised of amounts from sources other than net investment income. If that is the case, you will be notified in writing. Further information will be available prior to the payment date at individuals.eatonvance.com. The final determination of tax characteristics of the Fund's distributions will occur after the end of the year, at which time it will be reported to the shareholders.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $136.3 billion in assets as of June 30, 2009, offering individuals and institutions a broad array of investment products and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management