Eaton Vance Enhanced Equity Income Fund II announced earnings for the three months and six months ended June 30, 2012. For the three months ended June 30, 2012, the fund had net investment income of $602,000 or $0.013 per common share. In comparison, for the three months ended June 30, 2011, the fund had net investment income of $927,000 or $0.019 per common share. Net realized and unrealized losses on investments for the three months ended June 30, 2012 were $11,917,000 or $0.246 per common share. In comparison, net realized and unrealized gains on investments for the three months ended June 30, 2011 were $1,677,000 or $0.037 per common share. Net decrease in net assets from operations was $11,315,000 or $0.233 per share against net increase in net assets from operations of $1,263,000 or $0.056 per share a year ago. On June 30, 2012, net assets of the fund were $588,557,734. The net asset value per common share on June 30, 2012 was $12.14 based on 48,492,823 common shares outstanding. In comparison, on June 30, 2011, net assets of the fund were $625,338,117. The net asset value per common share on June 30, 2011 was $12.90 based on 48,492,823 common shares outstanding.

For the six months ended June 30, 2012, the fund had net investment income of $836,000 or $0.017 per common share. For the six months ended June 30, 2011, the fund had net investment income of $893,000 or $0.018 per common share. Net realized and unrealized gains on investments for the six months ended June 30, 2012 were $44,409,000 or $0.907 per common share. In comparison, net realized and unrealized gains on investments for the six months ended June 30, 2011 were $29,198,000 or $0.605 per common share. Net increase in net assets from operations was $44,845,000 or $0.924 per share against $30,091,000 or $0.623 per share a year ago.