Valerie Mosley
About Valerie A. Mosley
Independent Trustee of Eaton Vance Enhanced Equity Income Fund (EOI), born 1960, serving since 2014; current Class III term expires at the 2025 Annual Meeting . Chairwoman and CEO of Valmo Ventures and founder of BrightUp; previously Partner/SVP, Portfolio Manager and Investment Strategist at Wellington Management (1992–2012), CIO at PG Corbin Asset Management (1990–1992), and institutional corporate bond sales at Kidder Peabody (1986–1990) . She is Chairperson of EOI’s Governance Committee and a member of the Contract Review and Portfolio Management Committees; she is a noninterested (independent) trustee within the meaning of the 1940 Act and serves across 123 funds in the Eaton Vance fund complex . Education: B.A. Duke University and M.B.A. Wharton (Finance) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Wellington Management Company, LLP | Partner/SVP, Portfolio Manager, Investment Strategist | 1992–2012 | Chaired industry strategy group (long-term headwinds/tailwinds) |
| PG Corbin Asset Management | Chief Investment Officer | 1990–1992 | Investment leadership |
| Kidder Peabody | Institutional corporate bond sales | 1986–1990 | Fixed income market engagement |
External Roles
| Company/Organization | Role | Tenure | Committees |
|---|---|---|---|
| DraftKings Inc. (NASDAQ: DKNG) | Director | Since Sept 2020 | Audit; Nominating & Corporate Governance |
| Envestnet, Inc. (NYSE: ENV) | Director | Since 2018 | Nominating & Governance; Compliance & Information Security |
| Caribou Financial, Inc. | Board member | Current | Not disclosed |
| Dynex Capital, Inc. | Director (former) | 2013–2020 | Not disclosed |
| Groupon, Inc. | Director (former) | 2020–2022 | Nominating (former) |
| Progress Investment Management Company | Director (former) | Until 2020 | Not disclosed |
| NYS Common Retirement Fund Investment Advisory Committee; New Profit (non-profit) | Member/Board | Current | Advisory/board service |
Board Governance
- Independence: Noninterested (independent) trustee; Governance Committee members are independent under NYSE standards .
- Committee assignments (EOI):
- Governance Committee – Chairperson
- Contract Review Committee – Member
- Portfolio Management Committee – Member
- Engagement and attendance:
- FY ended Sept 30, 2024: Board met 8 times; each trustee attended ≥75% of Board and committee meetings where they served; none attended the Fund’s 2024 Annual Meeting of Shareholders .
- Board leadership: Independent Chairperson of the Board is George J. Gorman .
| EOI Committee (Mosley) | Role | FY 2024 Meetings Held |
|---|---|---|
| Governance | Chair | 4 |
| Contract Review | Member | 5 |
| Portfolio Management | Member | 7 |
The Closed-End Fund Committee was established after FY 2024; Mosley is not listed as a member of that committee .
Fixed Compensation
- Structure: Noninterested trustees receive an annual retainer and committee-related retainers; no pension/retirement plan; trustees may defer fees under a Deferred Compensation Plan invested in Eaton Vance funds .
- Fund complex compensation is allocated pro rata to each fund based on average net assets; EOI’s share is modest versus the complex .
| Component | Amount (Annual) |
|---|---|
| Annual retainer (noninterested trustee) | $325,000 |
| Additional retainer – Chairperson of noninterested trustees | $150,000 |
| Committee service | $82,500 |
| Additional retainer – serving on 4+ committees | $15,000 |
| Committee Chair retainer | $35,000 (split if co-chairs) |
| Expenses | Reimbursed out-of-pocket expenses |
| Mosley Compensation (Calendar 2024) | Amount |
|---|---|
| Total Compensation from EOI fund | $4,642 (includes $327 deferred) |
| Total Compensation from Fund Complex | $430,000 (includes $30,000 deferred) |
Performance Compensation
- No performance-based elements (no stock awards, PSUs/RSUs, or options) are disclosed for noninterested trustees; compensation consists of cash retainers and committee fees with optional deferral into fund shares .
Other Directorships & Interlocks
| Company | Potential Interlock/Consideration |
|---|---|
| DraftKings, Envestnet | External board roles in companies that EOI could hold or evaluate within its equity income strategy; no related-party transactions disclosed in EOI’s proxy . |
| Service provider oversight | Mosley serves on the Contract Review Committee that reviews service provider contracts and conflicts of interest, including matters involving Eaton Vance/Morgan Stanley affiliates . |
Expertise & Qualifications
- Deep investment management background (Wellington partner/PM/strategist; CIO roles) .
- Governance leadership (Chair, Governance Committee at EOI) .
- Technology/fintech exposure via BrightUp/Caribou and external boards (DraftKings, Envestnet) .
- Education: Duke B.A.; Wharton M.B.A. (Finance) .
Equity Ownership
- EOI fund-level ownership: As of April 29, 2025, no trustee other than Mr. Quinton held EOI shares; Mosley held none .
- Eaton Vance family of funds aggregate beneficial ownership: Over $100,000 for Mosley (may include deferred comp holdings) .
| Holding Category | Amount |
|---|---|
| EOI shares (beneficially owned as of Apr 29, 2025) | None |
| Aggregate holdings across EV fund complex | Over $100,000 |
Governance Assessment
- Strengths: Independent status; chairs Governance Committee and participates in Portfolio Management and Contract Review oversight, supporting board effectiveness and conflict monitoring . Extensive investment expertise and external board experience align with EOI’s oversight needs .
- Alignment: Compensation is cash-based with an option to defer into fund shares, and Mosley reports “Over $100,000” in aggregate holdings across Eaton Vance funds, which partially aligns trustee incentives with fund performance; however, she held no direct EOI shares at the record date .
- Engagement: Trustees met frequently (8 Board meetings; active committees) and each trustee met the ≥75% attendance threshold, but none attended the 2024 Annual Meeting of Shareholders (note for investor engagement monitoring) .
- Conflicts/Red Flags: No related-party transactions or Section 16(a) reporting delinquencies disclosed; the Contract Review Committee specifically oversees conflicts with service providers, and the adviser is Eaton Vance (wholly owned by Morgan Stanley), which the Board monitors via committee structures .