Eaton Vance Tax-Managed Buy-Write Opportunities Fund Report Of Earnings

26 Dec, 2013, 12:33 ET from Eaton Vance Management

BOSTON, Dec. 26, 2013 /PRNewswire/ -- Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV), a closed-end management investment company, today announced the earnings of the Fund for the three and nine months ended September 30, 2013. The Fund's fiscal year ends on December 31, 2013.

For the three months ended September 30, 2013, the Fund had net investment income of $2,118,579 ($0.034 per share). For the nine months ended September 30, 2013, the Fund had net investment income of $6,015,205 ($0.095 per share). In comparison, for the three months ended September 30, 2012, the Fund had net investment income of $2,122,523 ($0.033 per share). For the nine months ended September 30, 2012, the Fund had net investment income of $5,460,361 ($0.085 per share).

Net realized and unrealized gains for the three months ended September 30, 2013 were $27,956,946 ($0.436 per share). Net realized and unrealized gains for the nine months ended September 30, 2013 were $82,673,435 ($1.300 per share). In comparison, net realized and unrealized gains for the three months ended September 30, 2012 were $43,722,311 ($0.684 per share). Net realized and unrealized gains for the nine months ended September 30, 2012 were $108,320,445 ($1.697 per share).

On September 30, 2013, net assets of the Fund were $901,403,722. The net asset value per share on September 30, 2013 was $14.17 based on 63,614,866 shares outstanding. In comparison, on September 30, 2012, net assets of the Fund were $920,232,557. The net asset value per share on September 30, 2012 was $14.44 based on 63,730,866 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 $280.7 billion in assets as of October 31, 2013, 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.

EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

September 30,

September 30,

2013

2012

2013

2012

Gross investment income

$         4,621

$         4,646

$      13,424

$      12,897

Operating expenses

(2,503)

(2,524)

(7,409)

(7,437)

Net investment income

$         2,118

$         2,122

$         6,015

$         5,460

Net realized and unrealized gains (losses)

  on investments

$      27,957

$      43,722

$      82,673

$    108,320

Net increase (decrease) in net assets

  from operations

$      30,075

$      45,844

$      88,688

$    113,780

Earnings per Share Outstanding

Gross investment income

$         0.073

$         0.073

$         0.211

$         0.202

Operating expenses

(0.039)

(0.040)

(0.116)

(0.117)

Net investment income 

$         0.034

$         0.033

$         0.095

$         0.085

Net realized and unrealized gains (losses)

  on investments

$         0.436

$         0.684

$         1.300

$         1.697

Net increase (decrease) in net assets

  from operations

$         0.470

$         0.717

$         1.395

$         1.782

Net Asset Value at September 30

Net assets 

$    901,404

$    920,233

Shares outstanding 

63,615

63,731

Net asset value per share outstanding

$         14.17

$         14.44

Market Value Summary

Market price on NYSE at September 30

$         13.07

$         13.01

High market price (period ended September 30)

$         13.71

$         13.36

Low market price (period ended September 30)

$         12.68

$         11.72

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com