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

BOSTON, Feb. 26 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW), a diversified closed-end investment company, today announced the earnings of the Fund for the three months ended December 31, 2009 and the year ended December 31, 2009.  The Fund's fiscal year ended on December 31, 2009.

For the three months ended December 31, 2009, the Fund had net investment income of $2,975,491 ($0.028 per common share). For the year ended December 31, 2009, the Fund had net investment income of $21,206,060 ($0.199 per common share).  In comparison, for the three months ended December 31, 2008, the Fund had net investment income of $5,002,005 ($0.047 per common share).  For the year ended December 31, 2008, the Fund had net investment income of $30,550,494 ($0.287 per common share).  

Net realized and unrealized gains for the three months ended December 31, 2009 were $91,972,655 ($0.867 per common share) and net realized and unrealized gains for the year ended December 31, 2009 were $317,750,871 ($2.991 per common share). In comparison, net realized and unrealized losses for the three months ended December 31, 2008 were $205,299,435 ($1.934 per common share) and net realized and unrealized losses for the year ended December 31, 2008 were $606,372,197 ($5.707 per common share).

On December 31, 2009, net assets of the Fund were $1,478,242,446.  The net asset value per common share on December 31, 2009 was $13.84 based on 106,805,481 common shares outstanding.  In comparison, on December 31, 2008, net assets of the Fund were $1,323,987,426.  The net asset value per common share on December 31, 2008 was $12.45 based on 106,308,067 common 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 $161.6 billion in assets as of January 31, 2010, offering individuals and institutions a broad array of investment products 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 GLOBAL BUY-WRITE OPPORTUNITIES FUND
                    SUMMARY OF RESULTS OF OPERATIONS             
                (in thousands, except per share amounts)         
                                                                 
                      Three Months Ended        Year Ended       
                         December 31,          December 31,      
                         -------------         -------------     
                         2009       2008        2009        2008 
                         ----       ----        ----        ---- 
    Gross investment                                             
     income            $7,066     $8,672     $36,004     $49,287 
    Operating                                                    
     expenses         ($4,091)   ($3,670)   ($14,798)   ($18,737)
                      -------    -------    --------    -------- 
      Net investment                                             
       income          $2,975     $5,002     $21,206     $30,550 
    Net realized and
     unrealized gains
     (losses) on
     investments      $91,973  ($205,299)   $317,751   ($606,372)
                      -------  ---------    --------   --------- 
      Net increase
      (decrease) in
      net assets from                                                     
      operations      $94,948  ($200,297)   $338,957   ($575,822)
                      =======  =========    ========   ========= 
                                                                 
    Earnings per Share
     Outstanding                               
    ------------------                     
    Gross investment                                             
     income            $0.066     $0.082      $0.338      $0.463 
    Operating                                                    
     expenses         ($0.038)   ($0.035)    ($0.139)    ($0.176)
                      -------    -------     -------     ------- 
      Net investment                                             
       income          $0.028     $0.047      $0.199      $0.287 
    Net realized and
     unrealized gains
     (losses) on
     investments       $0.867    ($1.934)     $2.991     ($5.707)
                       ------    -------      ------     ------- 
      Net increase
      (decrease) in
      net assets from                                       
      operations       $0.895    ($1.887)     $3.190     ($5.420)
                       ======    =======      ======     ======= 
                                                                 
                                                                 
    Net Asset Value at 
    December 31 (Common 
    Shares)               
    -------------------               
      Net assets                          $1,478,242  $1,323,987 
      Shares outstanding                     106,805     106,308 
      Net asset value per
       share outstanding                      $13.84      $12.45 
                                                                 
    Market Value Summary
    (Common Shares )                        
    --------------------                        
      Market price on 
       NYSE at December 31                    $13.89      $10.12 
      High market price 
       (period ended                            
       December 31)                           $14.79      $17.80 
      Low market price
      (period ended                             
       December 31)                            $7.84       $7.86 

SOURCE Eaton Vance Management