BOSTON, April 30, 2012 /PRNewswire/ -- Eaton Vance
Tax-Managed Buy-Write Income Fund (NYSE: ETB), today announced
important information concerning its distribution declared in April
2012. This press release is issued as required by the Fund's
managed distribution plan (Plan) and an exemptive order received
from the U.S. Securities and Exchange Commission. The Board
of Trustees has approved the implementation of the Plan to make
quarterly cash distributions to common shareholders, stated in
terms of a fixed amount per common share. This information is sent
to you for informational purposes only and is an estimate of the
sources of the April distribution. It is not determinative of
the tax character of the Fund's distributions for the 2012 calendar
year. Shareholders should note that the Fund's total regular
distribution amount is subject to change as a result of market
conditions or other factors.
The amounts and sources of distributions reported in this notice
are estimates, are not being provided for tax reporting purposes
and the distribution may later be determined to be from other
sources including realized short-term gains, long-term gains, to
the extent permitted by law, and return of capital. The actual
amounts and sources for tax reporting purposes will depend upon the
Fund's investment experience during the remainder of its fiscal
year and may be subject to changes based on tax regulations.
The Fund will send you a Form 1099-DIV for the calendar year that
will tell you how to report these distributions for federal income
tax purposes.
Distribution Period: April 2012
Distribution Amount per Common Share: $0.3240
The following table sets forth an estimate of the sources of the
Fund's April distribution and its cumulative distributions paid
this fiscal year to date. Amounts are expressed on a per
common share basis and as a percentage of the distribution
amount.
|
Eaton
Vance Tax-Managed Buy-Write Income Fund
|
|
Source
|
Current
Distribution
|
% of
Current Distribution
|
Cumulative
Distributions for the Fiscal Year-to-Date(1)
|
% of the
Cumulative Distributions for the Fiscal Year-to-Date(1)
|
|
Net
Investment Income
|
$0.0437
|
13.5%
|
$0.0929
|
14.3%
|
|
Net
Realized Short-Term Capital Gains
|
$0.0000
|
0.0%
|
$0.0000
|
0.0%
|
|
Net
Realized Long-Term Capital Gains
|
$0.0000
|
0.0%
|
$0.0000
|
0.0%
|
|
Return of
Capital or Other Capital Source(s)
|
$0.2803
|
86.5%
|
$0.5551
|
85.7%
|
|
Total per
common share
|
$0.3240
|
100.0%
|
$0.6480
|
100.0%
|
(1) The Fund's fiscal year is January 1,
2012 to December 31, 2012
IMPORTANT DISCLOSURE: You should not draw any
conclusions about the Fund's investment performance from the amount
of this distribution or from the terms of the Fund's Plan.
The Fund estimates that it has distributed more than its income and
net realized capital gains; therefore, a portion of your
distribution may be a return of capital. A return of capital may
occur for example, when some or all of the money that you invested
in the Fund is paid back to you. A return of capital distribution
does not necessarily reflect the Fund's investment performance and
should not be confused with 'yield' or 'income.' The amounts
and sources of distributions reported in this Notice are only
estimates and are not being provided for tax reporting
purposes. The actual amounts and sources of the amounts for
accounting and/or tax reporting purposes will depend upon the
Fund's investment experience during the remainder of its fiscal
year and may be subject to changes based on tax regulations. The
Fund will send you a Form 1099-DIV for the calendar year that will
tell you how to report these distributions for federal income tax
purposes.
Set forth in the table below is information relating to the
Fund's performance based on its net asset value (NAV) for certain
periods.
|
Average
annual total return at NAV for the 5-year period ended on March 31,
2012(1)
|
7.43%
|
|
Annualized
current distribution rate expressed as a percentage of NAV as of
March 31, 2012(2)
|
8.43%
|
|
Cumulative
total return at NAV for the fiscal year through March 31,
2012(3)
|
7.20%
|
|
Cumulative
fiscal year to date distribution rate as a percentage of NAV as of
March 31, 2012(4)
|
2.11%
|
(1) Average annual total return at NAV represents the simple
arithmetic average of the annual NAV total returns of the Fund for
the 5-year period ended on March 31,
2012.
(2) The annualized current distribution rate is the cumulative
distribution rate annualized as a percentage of the Fund's NAV as
of March 31, 2012.
(3) Cumulative total return at NAV is the percentage change in the
Fund's NAV for the period from the beginning of its fiscal year to
March 31, 2012 including
distributions paid and assuming reinvestment of those
distributions.
(4) Cumulative fiscal year distribution rate for the period from
the beginning of its fiscal year to March
31, 2012 measured on the dollar value of distributions in
the year-to-date period as a percentage of the Fund's NAV as of
March 31, 2012.
The Funds are 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 $197.2 billion
in assets as of March 31, 2012,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's
long record of providing exemplary service 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.
SOURCE Eaton Vance Management