Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Eaton Vance Tax-Advantaged Dividend Income Fund (EVT)

Eaton Vance Tax-Advantaged Dividend Income Fund waives control share bylaw for purchases

Neutral Impact 3 of 5 legal/regulatory Written later

On January 26, 2023, the Fund's Board of Trustees voted to exempt all prior and, until further notice, new purchases of Fund shares that might be deemed control share acquisitions under the Fund's By-Laws. The move followed a January 23, 2023 Massachusetts Superior Court ruling in litigation brought by Saba Capital Master Fund, Ltd., which held that the control share by-law violates Section 18(i) of the Investment Company Act of 1940.

Key points

  • Board vote on January 26, 2023 exempts prior and new purchases of Fund shares from the Control Share By-Law until further notice
  • Court ruling on January 23, 2023 held the Control Share By-Law violates Section 18(i) of the Investment Company Act of 1940
  • Litigation with Saba Capital is ongoing in the Massachusetts Superior Court; the Board may take additional actions

The filing

CompanyEaton Vance Tax-Advantaged Dividend Income Fund (EVT)
Form8-K, current report
Filed with the SECFeb 1, 2023, 4:20 PM ET
Accession number0000940394-23-000239

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 01, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.