# EDGAR Filing Document

**Accession Number:** 0001253327
**File Stem:** 0000940394-23-000418
**Filing Date:** 2023-3
**Character Count:** 10550
**Document Hash:** a20114418e458c9493ec9a1dfc8210f6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940394-23-000418.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0000940394-23-000418

**CONFORMED SUBMISSION TYPE**: 424B3

**PUBLIC DOCUMENT COUNT**: 13

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EATON VANCE TAX ADVANTAGED DIVIDEND INCOME FUND
- **CENTRAL INDEX KEY:** 0001253327
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 424B3
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-262832
- **FILM NUMBER:** 23691950

**BUSINESS ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-482-8260

**MAIL ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

?xml version="1.0" encoding="utf-8"?

![Eaton Vance Logo - NEW](evt4169401_424b31x1.jpg)

**Filed pursuant to Rule 424(b)(3) File No. 333-262832**

**EATON VANCE TAX-ADVANTAGED DIVIDEND INCOME FUND Supplement to Prospectus dated February 18, 2022**

**The following replaces the Financial Highlights contained in the Prospectus:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;Year Ended October 31, | &nbsp;&nbsp;Year Ended October 31, | &nbsp;&nbsp;Year Ended October 31, | &nbsp;&nbsp;Year Ended October 31, | &nbsp;&nbsp;Period Ended<br> October 31,<br> 2018<sup>(1)</sup> | |
|  | &nbsp;&nbsp;2022 | &nbsp;&nbsp;2021 | &nbsp;&nbsp;2020 | &nbsp;&nbsp;2019 | &nbsp;&nbsp;Period Ended<br> October 31,<br> 2018<sup>(1)</sup> | Year <br> Ended<br> August <br> 31,<br>&nbsp;&nbsp;2018 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net asset value – Beginning of year | $&nbsp;&nbsp;28.610 | $&nbsp;&nbsp;21.010 | $&nbsp;&nbsp;24.340 | $&nbsp;&nbsp;22.640 | $&nbsp;&nbsp;24.250 | $22.210 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (Loss) From Operations |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income<sup>(2)</sup> | $&nbsp;&nbsp;0.575 | $&nbsp;&nbsp;0.603 | $&nbsp;&nbsp;0.622 | $&nbsp;&nbsp;0.577 | $&nbsp;&nbsp;0.075 | $0.562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) | (3.428) | 8.790 | (2.212) | 2.862 | (1.395) | 3.218 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total income (loss) from operations | $&nbsp;&nbsp;(2.853) | $&nbsp;&nbsp;9.393 | $&nbsp;&nbsp;(1.590) | $&nbsp;&nbsp;3.439 | $&nbsp;&nbsp;(1.320) | $3.780 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less Distributions |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;From net investment income | $&nbsp;&nbsp;(0.581) | $&nbsp;&nbsp;(0.594) | $&nbsp;&nbsp;(0.591) | $&nbsp;&nbsp;(0.560) | $&nbsp;&nbsp;(0.214) | $(0.469) |
| &nbsp;&nbsp;&nbsp;&nbsp;From net realized gain | &nbsp;&nbsp;(1.370) | &nbsp;&nbsp;(1.199) | &nbsp;&nbsp;(1.149) | &nbsp;&nbsp;(1.180) | &nbsp;&nbsp;(0.076) | &nbsp;&nbsp;(1.271) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total distributions | $&nbsp;&nbsp;(1.951) | $&nbsp;&nbsp;(1.793) | $&nbsp;&nbsp;(1.740) | $&nbsp;&nbsp;(1.740) | $&nbsp;&nbsp;(0.290) | $(1.740) |
| &nbsp;&nbsp;&nbsp;&nbsp;Premium from common shares sold through shelf offering<sup>(2)</sup> | $&nbsp;&nbsp;0.004 | $&nbsp;&nbsp;0.000<sup>(3)</sup> | $&nbsp;&nbsp;0.000<sup>(3)</sup> | $&nbsp;&nbsp;0.001 | $&nbsp;&nbsp;– | $&nbsp;&nbsp;– |
| &nbsp;&nbsp;&nbsp;&nbsp;Net asset value – End of year | $&nbsp;&nbsp;23.810 | $&nbsp;&nbsp;28.610 | $&nbsp;&nbsp;21.010 | $&nbsp;&nbsp;24.340 | $&nbsp;&nbsp;22.640 | $24.250 |
| &nbsp;&nbsp;&nbsp;&nbsp;Market value – End of year | $&nbsp;&nbsp;24.420 | $&nbsp;&nbsp;29.360 | $&nbsp;&nbsp;18.730 | $&nbsp;&nbsp;24.950 | $&nbsp;&nbsp;22.170 | $24.370 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Investment Return on Net Asset Value<sup>(4)</sup> | (10.19)% | 45.70% | (6.13)% | 16.02% | (5.48)%<sup>(5)</sup> | 17.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Investment Return on Market Value<sup>(4)</sup> | (10.24)% | 67.72% | (18.36)% | 21.44% | (7.90)%<sup>(5)</sup> | 20.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;Ratios/Supplemental Data |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net assets, end of year (000's omitted) | $&nbsp;&nbsp;1774707 | $&nbsp;&nbsp;2106999 | $&nbsp;&nbsp;1544154 | $&nbsp;&nbsp;1784376 | $&nbsp;&nbsp;1650454 | $1767150 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ratios (as a percentage of average daily net assets): |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenses excluding interest and fees | 1.11% | 1.10% | 1.17% | 1.14% | 1.14%<sup>(6)</sup> | 1.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and fee expense | 0.40% | 0.14% | 0.42% | 0.81% | 0.74%<sup>(6)</sup> | 0.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 1.51%<sup>(7)</sup> | 1.24% | 1.59% | 1.95% | 1.88%<sup>(6)</sup> | 1.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment income | 2.21% | 2.26% | 2.81% | 2.51% | 1.88%<sup>(6)</sup> | 2.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;Portfolio Turnover | 31% | 30% | 54% | 49% | 4%<sup>(5)</sup> | 58% |
| &nbsp;&nbsp;&nbsp;&nbsp;Senior Securities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total amount outstanding (in 000's) | $&nbsp;&nbsp;447000 | $&nbsp;&nbsp;447000 | $&nbsp;&nbsp;447000 | $&nbsp;&nbsp;447000 | $&nbsp;&nbsp;447000 | $447000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset coverage per $1,000<sup>(8)</sup> | $&nbsp;&nbsp;4970 | $&nbsp;&nbsp;5714 | $&nbsp;&nbsp;4454 | $&nbsp;&nbsp;4992 | $&nbsp;&nbsp;4692 | $4953 |

---

<sup>(See related footnotes.)</sup>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;Year Ended August 31, | &nbsp;&nbsp;Year Ended August 31, | &nbsp;&nbsp;Year Ended August 31, | &nbsp;&nbsp;Year Ended August 31, | &nbsp;&nbsp;Year Ended August 31, |
|  | &nbsp;&nbsp;2017 | &nbsp;&nbsp;2016 | &nbsp;&nbsp;2015 | &nbsp;&nbsp;2014 | &nbsp;&nbsp;2013 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net asset value – Beginning of year | $&nbsp;&nbsp;21.610 | $&nbsp;&nbsp;21.220 | $22.940 | $&nbsp;&nbsp;19.500 | $&nbsp;&nbsp;18.300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (Loss) From Operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income<sup>(2)</sup> | $&nbsp;&nbsp;0.824 | $&nbsp;&nbsp;0.743 | $0.808 | $&nbsp;&nbsp;1.429<sup>(9)</sup> | $&nbsp;&nbsp;1.389 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) | &nbsp;&nbsp;1.516 | &nbsp;&nbsp;1.387 | (1.080) | &nbsp;&nbsp;3.334 | 1.101 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total income (loss) from operations | $&nbsp;&nbsp;2.340 | $&nbsp;&nbsp;2.130 | $(0.272) | $&nbsp;&nbsp;4.763 | $&nbsp;&nbsp;2.490 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;From net investment income | $&nbsp;&nbsp;(0.863) | $&nbsp;&nbsp;(0.733) | $(1.085) | $&nbsp;&nbsp;(1.323) | $&nbsp;&nbsp;(1.290) |
| &nbsp;&nbsp;&nbsp;&nbsp;From net realized gain | &nbsp;&nbsp;(0.877) | &nbsp;&nbsp;(1.007) | (0.363) | &nbsp;&nbsp;– | &nbsp;&nbsp;– |
| &nbsp;&nbsp;&nbsp;&nbsp;Total distributions | $&nbsp;&nbsp;(1.740) | $&nbsp;&nbsp;(1.740) | $(1.448) | $&nbsp;&nbsp;(1.323) | $&nbsp;&nbsp;(1.290) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net asset value – End of year | $&nbsp;&nbsp;22.210 | $&nbsp;&nbsp;21.610 | $21.220 | $&nbsp;&nbsp;22.940 | $&nbsp;&nbsp;19.500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Market value – End of year | $&nbsp;&nbsp;21.730 | $&nbsp;&nbsp;20.880 | $19.290 | $&nbsp;&nbsp;20.560 | $&nbsp;&nbsp;17.630 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Investment Return on Net Asset Value<sup>(4)</sup> | 11.57% | 11.25% | (0.67)% | &nbsp;&nbsp;25.90% | 14.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Investment Return on Market Value<sup>(4)</sup> | 12.97% | 18.24% | 0.76% | &nbsp;&nbsp;24.80% | 14.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Ratios/Supplemental Data |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net assets, end of year (000's omitted) | $&nbsp;&nbsp;1617605 | $&nbsp;&nbsp;1573697 | $1545306 | $&nbsp;&nbsp;1671173 | $&nbsp;&nbsp;1420015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ratios (as a percentage of average daily net assets): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenses excluding interest and fees<sup>(10)</sup> | 1.16% | 1.18% | 1.14% | &nbsp;&nbsp;1.15% | 1.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and fee expense | 0.46% | 0.29% | 0.21% | &nbsp;&nbsp;0.22% | 0.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses<sup>(10)</sup> | 1.62% | 1.47% | 1.35% | &nbsp;&nbsp;1.37% | 1.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment income | 3.75% | 3.53% | 3.57% | &nbsp;&nbsp;6.63%<sup>(9)</sup> | 7.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Portfolio Turnover | 85% | 91% | 99% | 68% | 84% |
| &nbsp;&nbsp;&nbsp;&nbsp;Senior Securities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total amount outstanding (in 000's) | $&nbsp;&nbsp;447000 | $&nbsp;&nbsp;447000 | $447000 | $&nbsp;&nbsp;447000 | $&nbsp;&nbsp;447000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset coverage per $1,000<sup>(8)</sup> | $&nbsp;&nbsp;4619 | $&nbsp;&nbsp;4521 | $4457 | $&nbsp;&nbsp;4739 | $&nbsp;&nbsp;4177 |

---

<sup>(1)</sup> For the two months ended October 31, 2018. Effective September 1, 2018, the fiscal year-end of the Fund changed from August 31 to October 31.

<sup>(2)</sup> Computed using average common shares outstanding.

<sup>(3)</sup> Amount is less than $0.0005.

<sup>(4)</sup> Returns are historical and are calculated by determining the percentage change in net asset value or market value with all distributions reinvested. Distributions are assumed to be reinvested at prices obtained under the Fund's dividend reinvestment plan.

<sup>(5)</sup> Not annualized.

<sup>(6)</sup> Annualized.

<sup>(7)</sup> Includes a reduction by the investment adviser of a portion of its adviser fee due to the Fund's investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the year ended October 31, 2022).

<sup>(8)</sup> Calculated by subtracting the Fund's total liabilities (not including the borrowings payable/notes payable) from the Fund's total assets, and dividing the result by the borrowings payable/notes payable balance in thousands.

<sup>(9)</sup> Net investment income per share includes special dividends which amounted to $0.501 per share. Excluding special dividends, the ratio of net investment income to average daily net assets would have been 4.30%.

 <sup>(10)</sup> Excludes the effect of custody fee credits, if any, of less than 0.005%. Effective September 1, 2015, custody fee credits, which were earned on cash deposit balances, were discontinued by the custodian.

March 1, 2023