BOSTON, March 6, 2012 /PRNewswire/ -- Eaton Vance
Tax-Managed Buy-Write Income Fund (NYSE: ETB), a diversified,
closed-end management investment company, today announced the
earnings of the Fund for the three months and year ended
December 31, 2011. The Fund's fiscal
year ended on December 31, 2011.
For the three months ended December 31,
2011, the Fund had net investment income of $1,419,951 ($0.057
per share). For the year ended December 31,
2011, the Fund had net investment income of $4,641,012 ($0.188
per share). In comparison, for the three months ended December 31, 2010, the Fund had net investment
income of $1,412,768 ($0.058 per share). For the year ended
December 31, 2010, the Fund had net
investment income of $4,548,310
($0.185 per share).
Net realized and unrealized gains for the three months ended
December 31, 2011 were $45,371,685 ($1.844
per share). Net realized and unrealized gains for the year ended
December 31, 2011 were $19,088,344 ($0.778
per share). In comparison, net realized and unrealized gains for
the three months ended December 31,
2010 were $22,135,975
($0.893 per share). Net realized and
unrealized gains for the year ended December
31, 2010 were $25,873,508
($1.045 per share).
On December 31, 2011, net assets
of the Fund were $362,180,420. The
net asset value per share on December 31,
2011 was $14.69 based on
24,654,545 shares outstanding. In comparison, on December 31, 2010, net assets of the Fund were
$370,403,354. The net asset value per
share on December 31, 2010 was
$15.02 based on 24,654,545 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 calendar quarter-end are also posted to the website
approximately 30 days following quarter-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 $191.7 billion
in assets as of January 31, 2012,
offering individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long
record of providing exemplary service and attractive returns
through a variety of market conditions has made Eaton Vance the
investment manager of choice for many of today's most discerning
investors. For more information about Eaton Vance, visit
www.eatonvance.com.
EATON VANCE
TAX-MANAGED BUY-WRITE INCOME FUND
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SUMMARY OF
RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three Months
Ended
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Year
Ended
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December
31,
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December
31,
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2011
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2010
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2011
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2010
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Gross investment
income
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$ 2,405
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$ 2,409
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$ 8,747
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$ 8,580
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Operating expenses
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(985)
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(996)
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(4,106)
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(4,032)
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Net investment income
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$ 1,420
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$ 1,413
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$ 4,641
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$ 4,548
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Net realized and unrealized
gains (losses)
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on investments
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$ 45,372
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$ 22,136
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$ 19,088
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$ 25,874
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Net increase (decrease) in net
assets
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from operations
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$
46,792
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$
23,549
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$
23,729
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$
30,422
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Earnings per Share
Outstanding
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Gross investment
income
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$ 0.098
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$ 0.099
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$ 0.355
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$ 0.349
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Operating expenses
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(0.041)
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(0.041)
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(0.167)
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(0.164)
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Net investment income
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$ 0.057
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$ 0.058
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$ 0.188
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$ 0.185
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Net realized and unrealized
gains (losses)
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on investments
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$ 1.844
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$ 0.893
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$ 0.778
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$ 1.045
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Net increase (decrease) in net
assets
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from operations
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$
1.901
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$
0.951
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$
0.966
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$
1.230
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Net Asset Value at December
31
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Net assets
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$ 362,180
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$ 370,403
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Shares outstanding
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24,655
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24,655
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Net asset value per share
outstanding
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$ 14.69
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$ 15.02
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Market Value Summary
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Market price on NYSE at December
31
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$ 12.84
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$ 14.41
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High market price (period ended
December 31)
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$ 14.82
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$ 17.26
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Low market price (period ended
December 31)
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$ 10.96
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$ 13.55
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SOURCE Eaton Vance Management