Eaton Vance Tax-Managed Buy-Write Income Fund Report of Earnings

Dec 23, 2010, 13:47 ET from Eaton Vance Management

BOSTON, Dec. 23, 2010 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB), a closed-end investment company, today announced the earnings of the Fund for the three and nine months ended September 30, 2010. The Fund's fiscal year ends on December 31, 2010.

For the three months ended September 30, 2010, the Fund had net investment income of $1,033,036 ($0.042 per share). For the nine months ended September 30, 2010, the Fund had net investment income of $3,135,542 ($0.127 per share). In comparison, for the three months ended September 30, 2009, the Fund had net investment income of $1,223,474 ($0.050 per share). For the nine months ended September 30, 2009, the Fund had net investment income of $4,207,195 ($0.171 per share).

Net realized and unrealized gains for the three months ended September 30, 2010 were $32,149,554 ($1.307 per share). Net realized and unrealized gains for the nine months ended September 30, 2010 were $3,737,533 ($0.152 per share). In comparison, net realized and unrealized gains for the three months ended September 30, 2009 were $30,527,646 ($1.243 per share). Net realized and unrealized gains for the nine months ended September 30, 2009 were $57,089,541 ($2.322 per share).

On September 30, 2010, net assets of the Fund were $357,679,438. The net asset value per share on September 30, 2010 was $14.52 based on 24,636,523 shares outstanding. In comparison, on September 30, 2009, net assets of the Fund were $363,782,116. The net asset value per share on September 30, 2009 was $14.80 based on 24,586,013 shares outstanding.

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 $185.2 billion in assets as of October 31, 2010, 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 INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

September 30,

September 30,

2010

2009

2010

2009

Gross investment income

$   2,021

$   2,181

$     6,171

$     7,011

Operating expenses

(987)

(958)

(3,035)

(2,804)

Net investment income

$   1,034

$   1,223

$     3,136

$     4,207

Net realized and unrealized gains (losses)

 on investments

$ 32,150

$ 30,528

$     3,738

$   57,090

Net increase (decrease) in net assets

 from operations

$ 33,184

$ 31,751

$     6,874

$   61,297

Earnings per Share Outstanding

Gross investment income

$   0.081

$   0.089

$     0.250

$     0.285

Operating expenses

(0.039)

(0.039)

(0.123)

(0.114)

Net investment income

$   0.042

$   0.050

$     0.127

$     0.171

Net realized and unrealized gains (losses)

 on investments

$   1.307

$   1.243

$     0.152

$     2.322

Net increase (decrease) in net assets

 from operations

$   1.349

$   1.293

$     0.279

$     2.493

Net Asset Value at September 30

Net assets  

$ 357,679

$ 363,782

Shares outstanding

24,637

24,586

Net asset value per share outstanding

$     14.52

$     14.80

Market Value Summary

Market price on NYSE at September 30

$     15.36

$     16.21

High market price (period ended September 30)

$     17.26

$     16.33

Low market price (period ended September 30)

$     13.55

$       9.08

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com