Eaton Vance Tax-Managed Buy-Write Income Fund Report of Earnings
December 14 2009 - 3:08PM
PR Newswire (US)
BOSTON, Dec. 14 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Managed
Buy-Write Income Fund (NYSE:ETB), a diversified closed-end
investment company, today announced the earnings of the Fund for
the three months ended September 30, 2009 and the nine months ended
September 30, 2009. The Fund's fiscal year ends on December 31,
2009. For the three months ended September 30, 2009, the Fund had
net investment income of $1,223,474 ($0.050 per common share). For
the nine months ended September 30, 2009, the Fund had net
investment income of $4,207,195 ($0.171 per common share). In
comparison, for the three months ended September 30, 2008, the Fund
had net investment income of $1,596,429 ($0.065 per common share).
For the nine months ended September 30, 2008, the Fund had net
investment income of $4,881,514 ($0.199 per common share). Net
realized and unrealized gains for the three months ended September
30, 2009 were $30,527,646 ($1.243 per common share) and net
realized and unrealized gains for the nine months ended September
30, 2009 were $57,089,541 ($2.322 per common share). In comparison,
net realized and unrealized losses for the three months ended
September 30, 2008 were $19,915,052 ($0.808 per common share) and
net realized and unrealized losses for the nine months ended
September 30, 2008 were $57,075,779 ($2.322 per common share). On
September 30, 2009, net assets of the Fund were $363,782,116. The
net asset value per common share on September 30, 2009 was $14.80
based on 24,586,013 common shares outstanding. In comparison, on
September 30, 2008, net assets of the Fund were $400,253,300. The
net asset value per common share on September 30, 2008 was $16.28
based on 24,581,806 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 $154.9 billion in assets as
of October 31, 2009, 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
http://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, ------------- ------------- 2009 2008 2009 2008
---- ---- ---- ---- Gross investment income $2,181 $2,759 $7,011
$8,485 Operating expenses ($958) ($1,162) ($2,804) ($3,603) -----
------- ------- ------- Net investment income $1,223 $1,597 $4,207
$4,882 Net realized and unrealized gains (losses) on investments
$30,528 ($19,915) $57,090 ($57,076) ------- -------- -------
-------- Net increase (decrease) in net assets from operations
$31,751 ($18,318) $61,297 ($52,194) ======= ======== =======
======== Earnings per Share Outstanding
------------------------------ Gross investment income $0.089
$0.112 $0.285 $0.345 Operating expenses ($0.039) ($0.047) ($0.114)
($0.146) ------- ------- ------- ------- Net investment income
$0.050 $0.065 $0.171 $0.199 Net realized and unrealized gains
(losses) on investments $1.243 ($0.808) $2.322 ($2.322) ------
------- ------ ------- Net increase (decrease) in net assets from
operations $1.293 ($0.743) $2.493 ($2.123) ====== ======= ======
======= Net Asset Value at September 30 (Common Shares)
------------------------------- Net assets $363,782 $400,253 Shares
outstanding 24,586 24,582 Net asset value per share outstanding
$14.80 $16.28 Market Value Summary (Common Shares)
-------------------- Market price on NYSE at September 30 $16.21
$13.05 High market price (period ended September 30) $16.33 $18.11
Low market price (period ended September 30) $9.08 $12.75
DATASOURCE: Eaton Vance Management CONTACT: Investors, Eaton Vance
Management, +1-800-262-1122 Web Site: http://www.eatonvance.com/
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