Company: ETJ
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0000940394-25-000250
Chunk: 5

Company: Eaton Vance Risk-Managed Diversified Equity Income Fund
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 5
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 Fund’s Agreement and Declaration of Trust provides that a
majority of the Trustees shall fix the number of the entire Board and that such number shall be at least two and no greater than fifteen.
Each Board has fixed the number of Trustees at ten. Under the terms of each Fund’s Agreement and Declaration of Trust, each Board
is divided into three classes, each class having a term of three years to expire on the date of the third Annual Meeting following its
election.

| Proxies will be voted for the election of the following nominees: |    |                                                                                                                                                                                                                                |
|                                                                   | a. | For Enhanced Equity Fund and Risk-Managed Fund, three Class III Trustees, Mark R. Fetting, Valerie A. Mosley and Marcus L. Smith, to be elected by shareholders of each Fund; and                                              |
|                                                                   | b. | For Buy-Write Income Fund, Buy-Write Opportunities Fund and Global Buy-Write Opportunities Fund, three Class II Trustees, George J. Gorman, Keith Quinton and Susan J. Sutherland, to be elected by shareholders of each Fund. |

The Board of Trustees recommends that shareholders vote FOR the election
of the Trustee nominees of each Fund.

Each nominee is currently serving as a Trustee of his or her respective
Fund and has consented to continue to so serve. In the event that a nominee is unable to serve for any reason (which is not now expected)
when the election occurs, the accompanying proxy will be voted for such other person or persons as the Board of Trustees may recommend.
Election of Trustees is non-cumulative. Shareholders do not have appraisal rights in connection with the proposal in this proxy statement.

Each nominee shall be elected by the affirmative vote of a plurality
of the shares of the Fund entitled to vote. Proxies cannot be voted for a greater number of persons than the number of nominees named.
No nominee is a party adverse to his or her respective Fund or any of its affiliates in any material pending legal proceeding, nor does
any nominee have an interest materially adverse to such Fund.

The following table presents certain information regarding the current
Trustees of each Fund, including the principal occupations of each such person for at least the last five years. References below to “EOS”
are to Enhanced Equity Fund, to “ETJ” are to Risk-Managed Fund, to “ETB” are to Buy-Write Income Fund, to “ETV”
are to Buy-Write Opportunities Fund and to “ETW” are to Global Buy-