Boston-based Eaton Vance said on Friday it has launched the Vance Tax-Advantaged Dividend Income Fund, a new closed-end mutual fund worth $1.3 billion, Reuters reports.

The portfolio is the fourteenth of its kind opened this year and is one of the largest of this type of offering. The firm will sell 66 million shares of the fund at $20 a share, totaling $1.32 billion. Eaton Vance said it will also lend more than one-third of the fund’s assets, potentially bringing its total assets to approximately $2 billion.

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