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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:

Selected data for a Common Share outstanding during the periods stated.

   Year Ended October 31,
   2023  2022  2021  2020  2019
Net asset value – Beginning of year  $23.810   $28.610   $21.010   $24.340   $22.640 
Income (Loss) From Operations                         
Net investment income(1)  $0.494   $0.575   $0.603   $0.622   $0.577 
Net realized and unrealized gain (loss)   (0.948)   (3.428)   8.790    (2.212)   2.862 
Total income (loss) from operations  $(0.454)  $(2.853)  $9.393   $(1.590)  $3.439 
Less Distributions                         
From net investment income  $(0.444)  $(0.581)  $(0.594)  $(0.591)  $(0.560)
From net realized gain   (1.342)   (1.370)   (1.199)   (1.149)   (1.180)
Total distributions  $(1.786)  $(1.951)  $(1.793)  $(1.740)  $(1.740)
Premium from common shares sold through shelf offering(1)  $—     $0.004   $0.000(2)   $0.000(2)   $0.001 
Net asset value – End of year  $21.570   $23.810   $28.610   $21.010   $24.340 
Market value – End of year  $19.290   $24.420   $29.360   $18.730   $24.950 
Total Investment Return on Net Asset Value(3)   (1.99)%   (10.19)%   45.70%   (6.13)%   16.02%
Total Investment Return on Market Value(3)   (14.54)%   (10.24)%   67.72%   (18.36)%   21.44%
Ratios/Supplemental Data                         
Net assets, end of year (000’s omitted)  $1,608,161   $1,774,707   $2,106,999   $1,544,154   $1,784,376 
Ratios (as a percentage of average daily net assets):                         
Expenses excluding interest and fees   1.13%   1.11%   1.10%   1.17%   1.14%
Interest and fee expense   1.40%   0.40%   0.14%   0.42%   0.81%
Total expenses   2.53%(4)   1.51%(4)   1.24%   1.59%   1.95%
Net investment income   2.08%   2.21%   2.26%   2.81%   2.51%
Portfolio Turnover   29%   31%   30%   54%   49%
Senior Securities:                         
Total amount outstanding (in 000’s)  $447,000   $447,000   $447,000   $447,000   $447,000 
Asset coverage per $1,000(5)  $4,598   $4,970   $5,714   $4,454   $4,992 

See related footnotes.)
 

Financial Highlights (continued)
   Period Ended  Year Ended August 31,
   October 31,
2018(6)		  2018  2017  2016  2015  2014
Net asset value – Beginning of year  $24.250   $22.210   $21.610   $21.220   $22.940   $19.500 
Income (Loss) From Operations                              
Net investment income(1)  $0.075   $0.562   $0.824   $0.743   $0.808   $1.429(9) 
Net realized and unrealized gain (loss)   (1.395)   3.218    1.516    1.387    (1.080)   3.334 
Total income (loss) from operations  $(1.320)  $3.780   $2.340   $2.130   $(0.272)  $4.763 
Less Distributions                              
From net investment income  $(0.214)  $(0.469)  $(0.863)  $(0.733)  $(1.085)  $(1.323)
From net realized gain   (0.076)   (1.271)   (0.877)   (1.007)   (0.363)   —   
Total distributions  $(0.290)  $(1.740)  $(1.740)  $(1.740)  $(1.448)  $(1.323)
Net asset value – End of year  $22.640   $24.250   $22.210   $21.610   $21.220   $22.940 
Market value – End of year  $22.170   $24.370   $21.730   $20.880   $19.290   $20.560 
Total Investment Return on Net Asset Value(3)   (5.48)%(7)   17.79%   11.57%   11.25%   (0.67)%   25.90%
Total Investment Return on Market Value(3)   (7.90)%(7)   20.98%   12.97%   18.24%   0.76%   24.80%
Ratios/Supplemental Data                              
Net assets, end of year (000’s omitted)  $1,650,454   $1,767,150   $1,617,605   $1,573,697   $1,545,306   $1,671,173 
Ratios (as a percentage of average daily net assets):                              
Expenses excluding interest and fees(10)   1.14%(8)   1.14%   1.16%   1.18%   1.14%   1.15%
Interest and fee expense   0.74%(8)   0.61%   0.46%   0.29%   0.21%   0.22%
Total expenses(10)   1.88%(8)   1.75%   1.62%   1.47%   1.35%   1.37%
Net investment income   1.88%(8)   2.41%   3.75%   3.53%   3.57%   6.63%(9)
Portfolio Turnover   4%(7)   58%   85%   91%   99%   68%
Senior Securities:                              
Total amount outstanding (in 000’s)  $447,000   $447,000   $447,000   $447,000   $447,000   $447,000 
Asset coverage per $1,000(5)  $4,692   $4,953   $4,619   $4,521   $4,457   $4,739 

  (1)Computed using average common shares outstanding.
  (2)Amount is less than $0.0005.
  (3)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.
  (4)Includes a reduction by the investment adviser of a portion of its adviser fee due to the Fund’s investment in the Morgan Stanley Institutional Liquidity Funds – Government Portfolio (equal to less than 0.005% of average daily net assets for the years ended October 31, 2023 and 2022).
  (5)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.
  (6)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.
  (7)Not annualized.
  (8)Annualized.
  (9)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%.
  (10)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.

February 20, 2024

 

 

v3.24.0.1
N-2 - USD ($)
Feb. 18, 2022
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
 [1]
Aug. 31, 2018
Aug. 31, 2017
Aug. 31, 2016
Aug. 31, 2015
Aug. 31, 2014
Cover [Abstract]                        
Entity Central Index Key 0001253327                      
Amendment Flag false                      
Document Type 424B3                      
Entity Registrant Name EATON VANCE TAX ADVANTAGED DIVIDEND INCOME FUND                      
Financial Highlights [Abstract]                        
Senior Securities [Table Text Block]

Selected data for a Common Share outstanding during the periods stated.

   Year Ended October 31,
   2023  2022  2021  2020  2019
Net asset value – Beginning of year  $23.810   $28.610   $21.010   $24.340   $22.640 
Income (Loss) From Operations                         
Net investment income(1)  $0.494   $0.575   $0.603   $0.622   $0.577 
Net realized and unrealized gain (loss)   (0.948)   (3.428)   8.790    (2.212)   2.862 
Total income (loss) from operations  $(0.454)  $(2.853)  $9.393   $(1.590)  $3.439 
Less Distributions                         
From net investment income  $(0.444)  $(0.581)  $(0.594)  $(0.591)  $(0.560)
From net realized gain   (1.342)   (1.370)   (1.199)   (1.149)   (1.180)
Total distributions  $(1.786)  $(1.951)  $(1.793)  $(1.740)  $(1.740)
Premium from common shares sold through shelf offering(1)  $—     $0.004   $0.000(2)   $0.000(2)   $0.001 
Net asset value – End of year  $21.570   $23.810   $28.610   $21.010   $24.340 
Market value – End of year  $19.290   $24.420   $29.360   $18.730   $24.950 
Total Investment Return on Net Asset Value(3)   (1.99)%   (10.19)%   45.70%   (6.13)%   16.02%
Total Investment Return on Market Value(3)   (14.54)%   (10.24)%   67.72%   (18.36)%   21.44%
Ratios/Supplemental Data                         
Net assets, end of year (000’s omitted)  $1,608,161   $1,774,707   $2,106,999   $1,544,154   $1,784,376 
Ratios (as a percentage of average daily net assets):                         
Expenses excluding interest and fees   1.13%   1.11%   1.10%   1.17%   1.14%
Interest and fee expense   1.40%   0.40%   0.14%   0.42%   0.81%
Total expenses   2.53%(4)   1.51%(4)   1.24%   1.59%   1.95%
Net investment income   2.08%   2.21%   2.26%   2.81%   2.51%
Portfolio Turnover   29%   31%   30%   54%   49%
Senior Securities:                         
Total amount outstanding (in 000’s)  $447,000   $447,000   $447,000   $447,000   $447,000 
Asset coverage per $1,000(5)  $4,598   $4,970   $5,714   $4,454   $4,992 
   Period Ended  Year Ended August 31,
   October 31,
2018(6)		  2018  2017  2016  2015  2014
Net asset value – Beginning of year  $24.250   $22.210   $21.610   $21.220   $22.940   $19.500 
Income (Loss) From Operations                              
Net investment income(1)  $0.075   $0.562   $0.824   $0.743   $0.808   $1.429(9) 
Net realized and unrealized gain (loss)   (1.395)   3.218    1.516    1.387    (1.080)   3.334 
Total income (loss) from operations  $(1.320)  $3.780   $2.340   $2.130   $(0.272)  $4.763 
Less Distributions                              
From net investment income  $(0.214)  $(0.469)  $(0.863)  $(0.733)  $(1.085)  $(1.323)
From net realized gain   (0.076)   (1.271)   (0.877)   (1.007)   (0.363)   —   
Total distributions  $(0.290)  $(1.740)  $(1.740)  $(1.740)  $(1.448)  $(1.323)
Net asset value – End of year  $22.640   $24.250   $22.210   $21.610   $21.220   $22.940 
Market value – End of year  $22.170   $24.370   $21.730   $20.880   $19.290   $20.560 
Total Investment Return on Net Asset Value(3)   (5.48)%(7)   17.79%   11.57%   11.25%   (0.67)%   25.90%
Total Investment Return on Market Value(3)   (7.90)%(7)   20.98%   12.97%   18.24%   0.76%   24.80%
Ratios/Supplemental Data                              
Net assets, end of year (000’s omitted)  $1,650,454   $1,767,150   $1,617,605   $1,573,697   $1,545,306   $1,671,173 
Ratios (as a percentage of average daily net assets):                              
Expenses excluding interest and fees(10)   1.14%(8)   1.14%   1.16%   1.18%   1.14%   1.15%
Interest and fee expense   0.74%(8)   0.61%   0.46%   0.29%   0.21%   0.22%
Total expenses(10)   1.88%(8)   1.75%   1.62%   1.47%   1.35%   1.37%
Net investment income   1.88%(8)   2.41%   3.75%   3.53%   3.57%   6.63%(9)
Portfolio Turnover   4%(7)   58%   85%   91%   99%   68%
Senior Securities:                              
Total amount outstanding (in 000’s)  $447,000   $447,000   $447,000   $447,000   $447,000   $447,000 
Asset coverage per $1,000(5)  $4,692   $4,953   $4,619   $4,521   $4,457   $4,739 

  (1)Computed using average common shares outstanding.
  (2)Amount is less than $0.0005.
  (3)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.
  (4)Includes a reduction by the investment adviser of a portion of its adviser fee due to the Fund’s investment in the Morgan Stanley Institutional Liquidity Funds – Government Portfolio (equal to less than 0.005% of average daily net assets for the years ended October 31, 2023 and 2022).
  (5)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.
  (6)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.
  (7)Not annualized.
  (8)Annualized.
  (9)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%.
  (10)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.
                      
Senior Securities Amount   $ 447,000 $ 447,000 $ 447,000 $ 447,000 $ 447,000 $ 447,000 $ 447,000 $ 447,000 $ 447,000 $ 447,000 $ 447,000
Senior Securities Coverage per Unit [2]   $ 4,598 $ 4,970 $ 5,714 $ 4,454 $ 4,992 $ 4,692 $ 4,953 $ 4,619 $ 4,521 $ 4,457 $ 4,739
[1] 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.
[2] 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.
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