Company: ETJ
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0000940394-25-000250
Chunk: 1

Company: Eaton Vance Risk-Managed Diversified Equity Income Fund
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 1
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. (Eastern Time).

At the Annual Meeting, you will be asked to consider the election of
Trustees of your Fund(s). The enclosed proxy statement contains additional information.

I hope that you will be able to attend the Annual Meeting. Whether or
not you plan to attend and regardless of the number of shares you own, it is important that your shares be represented. I urge you to
complete, sign and date the applicable enclosed proxy card and return it in the enclosed postage-paid envelope as soon as possible to
ensure that your shares are represented at the Annual Meeting.

| Sincerely,                 |
| /s/ R. Kelly Williams, Jr. |
| R. Kelly Williams, Jr.     |
| President                  |

<div align='center'>YOUR VOTE IS IMPORTANT - PLEASE RETURN YOUR
PROXY CARD PROMPTLY.</div>

It is important that your shares be represented at the Annual Meeting.
Whether or not you plan to attend, you are requested to complete, date, sign and return the applicable enclosed proxy card as soon as
possible. You may withdraw your proxy if you attend the Annual Meeting and desire to vote at the Annual Meeting.

<div align='center'>Eaton Vance Enhanced Equity Income Fund II
Eaton Vance Risk-Managed Diversified Equity Income Fund
Eaton Vance Tax-Managed Buy-Write Income Fund
Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS</div>

Important Notice Regarding the Availability of Proxy Materials
for the Annual Meeting of Shareholders to be Held on Wednesday, April 9, 2025: The Notice of Annual Meeting of Shareholders, Proxy Statement,
Proxy Card(s) and Shareholder Report are available on the Eaton Vance website at https://funds.eatonvance.com/closed-end-fund-and-term-trust-documents.php.

The Annual Meeting of Shareholders of each of the above registered investment
companies, each a Massachusetts business trust (each, a “Fund” and collectively, the “Funds”), will be held at
the principal office of each Fund, One Post Office Square, Boston, Massachusetts 02109, on Wednesday, April 9, 2025 at 11:30 a.m. (Eastern
Time) (the “Annual Meeting”), for the following purposes:

| (1) | To elect Trustees of each Fund as outlined below:                                                                                           |                                                                                                                                                                                                                                                                                                        |
|