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, 2008. The Fund’s
fiscal year ends on December 31, 2008.
For the three months ended March 31, 2008, the Fund had net investment
income of $1,584,251 ($0.025 per common share). In comparison, for the
three months ended March 31, 2007, the Fund had net investment income of
$2,172,673 ($0.035 per common share).
Net realized and unrealized losses for the three months ended March 31,
2008 were $86,518,238 ($1.370 per common share). In comparison, net
realized and unrealized gains for the three months ended March 31, 2007
were $21,768,684 ($0.346 per common share).
On March 31, 2008, net assets applicable to common shares of the Fund
were $1,091,266,043. The net asset value per common share on March 31,
2008 was $17.27 based on 63,173,419 common shares outstanding. In
comparison, on March 31, 2007, net assets applicable to common shares of
the Fund were $1,206,678,832. The net asset value per common share on
March 31, 2007 was $19.14 based on 62,939,729 common shares outstanding.
The Fund is managed by Eaton Vance Management, a subsidiary of Eaton
Vance Corp, which is listed on the New York Stock Exchange under the
symbol EV. Eaton Vance and its affiliates had approximately $159.1
billion in assets under management on April 30, 2008. Eaton Vance
Management will make available periodic summary information regarding
portfolio investments. Those interested should call Eaton Vance
Marketing at (800) 262-1122.
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EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND
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SUMMARY OF RESULTS OF OPERATIONS
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(in thousands, except per share amounts)
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Three Months Ended
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Three Months Ended
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March 31, 2008
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March 31, 2007
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Gross investment income
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$
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4,549
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$
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5,364
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Operating expenses
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($2,965
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)
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($3,191
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)
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Net investment income (losses)
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$
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1,584
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$
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2,173
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Net realized and unrealized gains (losses) on investments
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($86,518
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)
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$
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21,769
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Net increase (decrease) in net assets from operations
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($84,934
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)
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$
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23,942
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Earnings per Common Share Outstanding
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Gross investment income
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$
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0.072
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$
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0.085
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Operating expenses
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($0.047
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)
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($0.050
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)
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Net investment income (losses)
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$
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0.025
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$
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0.035
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Net realized and unrealized gains (losses) on investments
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($1.370
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)
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$
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0.346
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Net increase (decrease) in net assets from operations
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($1.345
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)
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$
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0.381
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Net Asset Value at March 31 (Common Shares)
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Net assets (000)
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$
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1,091,266
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$
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1,206,679
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Shares outstanding (000)
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63,173
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63,058
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Net asset value per share outstanding
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$
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17.27
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$
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19.14
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Market Value Summary (Common Shares)
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Market price on NYSE at March 31
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$
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15.89
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$
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20.51
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High market price (period ended March 31)
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$
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17.44
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$
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20.78
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Low market price (period ended March 31)
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$
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15.64
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$
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19.57
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Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Investor
Contact: 800-262-1122
