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

Jun 07, 2010, 16:05 ET from Eaton Vance Management

BOSTON, June 7 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV), a diversified closed-end investment company, today announced the earnings of the Fund for the three months ended March 31, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended March 31, 2010, the Fund had net investment income of $1,242,170 ($0.020 per share). In comparison, for the three months ended March 31, 2009, the Fund had net investment income of $2,230,088 ($0.035 per share).  

Net realized and unrealized gains for the three months ended March 31, 2010 were $10,066,761 ($0.159 per share). In comparison, net realized and unrealized gains for the three months ended March 31, 2009 were $5,512,805 ($0.087 per share).

On March 31, 2010, net assets of the Fund were $907,218,654.  The net asset value per share on March 31, 2010 was $14.29 based on 63,506,181 shares outstanding.  In comparison, on March 31, 2009, net assets of the Fund were $739,065,559.  The net asset value per share on March 31, 2009 was $11.70 based on 63,173,419 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 $176.2 billion in assets as of April 30, 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 OPPORTUNITIES FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Three Months Ended

March 31,

March 31,

2010

2009

Gross investment income

$                          3,654

$                          4,229

Operating expenses

(2,412)

(1,999)

Net investment income

$                          1,242

$                          2,230

Net realized and unrealized gains (losses)

 on investments

$                        10,067

$                          5,513

Net increase (decrease) in net assets

 from operations

$                        11,309

$                          7,743

Earnings per Share Outstanding

Gross investment income

$                          0.058

$                          0.067

Operating expenses

(0.038)

(0.032)

Net investment income

$                          0.020

$                          0.035

Net realized and unrealized gains (losses)

 on investments

$                          0.159

$                          0.087

Net increase (decrease) in net assets

 from operations

$                          0.179

$                          0.122

Net Asset Value at March 31

Net assets

$                      907,219

$                      739,066

Shares outstanding

63,506

63,173

Net asset value per share outstanding

$                          14.29

$                          11.70

Market Value Summary

Market price on NYSE at March 31

$                          14.44

$                          10.55

High market price (period ended March 31)

$                          15.00

$                          11.64

Low market price (period ended March 31)

$                          13.02

$                            8.62

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com