BOSTON, Jan. 14, 2015 /PRNewswire/ -- Eaton Vance
Tax-Managed Buy-Write Income Fund (NYSE: ETB), a closed-end
management investment company, today announced the earnings of the
Fund for the three and nine months ended September 30, 2014. The Fund's fiscal year ended
on December 31, 2014.
For the three months ended September 30,
2014, the Fund had net investment income of $1,037,743 ($0.042
per share). For the nine months ended September 30, 2014, the Fund had net investment
income of $3,098,384 ($0.126 per share). In comparison, for the three
months ended September 30, 2013, the
Fund had net investment income of $1,102,745 ($0.045
per share). For the nine months ended September 30, 2013, the Fund had net investment
income of $3,320,797 ($0.135 per share).
Net realized and unrealized gains for the three months ended
September 30, 2014 were $3,297,103 ($0.134
per share). Net realized and unrealized gains for the nine months
ended September 30, 2014 were
$22,701,347 ($0.921 per share). In comparison, net realized
and unrealized gains for the three months ended September 30, 2013 were $9,034,783 ($0.368
per share). Net realized and unrealized gains for the nine months
ended September 30, 2013 were
$37,869,460 ($1.536 per share).
On September 30, 2014, net assets
of the Fund were $402,468,860. The
net asset value per share on September 30,
2014 was $16.32 based on
24,654,545 shares outstanding. In comparison, on September 30, 2013, net assets of the Fund were
$384,510,126. The net asset value per
share on September 30, 2013 was
$15.60 based on 24,654,545 shares
outstanding.
The Fund periodically makes certain performance data and
information about portfolio characteristics available on
www.eatonvance.com (on the fund information page under "Individual
Investors – Closed-End Funds"). Fund portfolio holdings for the
most recent month-end are also posted to the website approximately
30 days following month-end.
The Fund is managed by Eaton Vance Management, a subsidiary of
Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment
management firms in the United
States, with a history dating back to 1924. Eaton Vance and
its affiliates managed $296.0 billion
in assets as of December 31, 2014,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service, timely innovation and
attractive returns through a variety of market conditions has made
Eaton Vance the investment manager of choice for many of today's
most discerning investors. For more information about Eaton Vance,
visit www.eatonvance.com.
EATON VANCE
TAX-MANAGED BUY-WRITE INCOME FUND
|
SUMMARY OF RESULTS
OF OPERATIONS
|
(in thousands,
except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Three Months
Ended
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|
Nine Months
Ended
|
|
|
|
|
|
|
September
30,
|
|
September
30,
|
|
|
|
|
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
Gross investment
income
|
|
|
|
$ 2,197
|
|
$ 2,226
|
|
$ 6,495
|
|
$ 6,627
|
Operating
expenses
|
|
|
|
(1,159)
|
|
(1,123)
|
|
(3,397)
|
|
(3,306)
|
|
Net investment
income
|
|
|
$ 1,038
|
|
$ 1,103
|
|
$ 3,098
|
|
$ 3,321
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
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on
investments
|
|
|
|
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$ 3,297
|
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$ 9,035
|
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$ 22,701
|
|
$ 37,870
|
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Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
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from
operations
|
|
|
|
$
4,335
|
|
$
10,138
|
|
$
25,799
|
|
$
41,191
|
|
|
|
|
|
|
|
|
|
|
|
|
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Earnings per Share
Outstanding
|
|
|
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|
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|
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Gross investment
income
|
|
|
|
$ 0.090
|
|
$ 0.090
|
|
$ 0.264
|
|
$ 0.269
|
Operating
expenses
|
|
|
|
(0.048)
|
|
(0.045)
|
|
(0.138)
|
|
(0.134)
|
|
Net investment
income
|
|
|
$ 0.042
|
|
$ 0.045
|
|
$ 0.126
|
|
$ 0.135
|
Net realized and
unrealized gains (losses)
|
|
|
|
|
|
|
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on
investments
|
|
|
|
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$ 0.134
|
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$ 0.368
|
|
$ 0.921
|
|
$ 1.536
|
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Net increase
(decrease) in net assets
|
|
|
|
|
|
|
|
|
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from
operations
|
|
|
|
$
0.176
|
|
$
0.413
|
|
$
1.047
|
|
$
1.671
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Net Asset Value at
September 30
|
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Net
assets
|
|
|
|
|
|
|
|
$ 402,469
|
|
$ 384,510
|
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Shares
outstanding
|
|
|
|
|
|
|
24,655
|
|
24,655
|
|
Net asset value per
share outstanding
|
|
|
|
|
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$ 16.32
|
|
$ 15.60
|
|
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Market Value
Summary
|
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Market price on NYSE
at September 30
|
|
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$ 15.63
|
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$ 14.38
|
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High market price
(period ended September 30)
|
|
|
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$ 16.41
|
|
$ 15.58
|
|
Low market price
(period ended September 30)
|
|
|
|
|
$ 14.77
|
|
$ 14.06
|
|
|
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/eaton-vance-tax-managed-buy-write-income-fund-report-of-earnings-300020891.html
SOURCE Eaton Vance Management