Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV), a
closed-end investment management company, today announced the earnings
of the Fund for the three and nine months ended September 30, 2008. The
Fund’s fiscal year ends on December 31, 2008.
For the three months ended September 30, 2008, the Fund had net
investment income of $1,783,809 ($0.028 per common share). The Funds net
investment income for the nine months ended September 30, 2008 was
$5,045,741 ($0.080 per common share). In comparison, for the three
months ended September 30, 2007, the Fund had net investment income of
$1,279,487 ($0.020 per common share). The Funds net investment income
for the nine months ended September 30, 2007 was $4,674,361 ($0.074 per
common share).
Net realized and unrealized losses for the three months ended September
30, 2008 were $95,518,875 ($1.513 per common share). The Funds net
realized and unrealized losses for the nine months ended September 30,
2008 were $183,510,873 ($2.905 per common share). In comparison, net
realized and unrealized gains for the three months ended September 30,
2007 were $17,465,916 ($0.274 per common share). The Funds net realized
and unrealized gains for the nine months ended September 30, 2007 were
$89,691,190 ($1.420 per common share).
On September 30, 2008, net assets of the Fund applicable to common
shares were $937,720,150. The net asset value per common share on
September 30, 2008 was $14.84 based on 63,173,419 common shares
outstanding. In comparison, on September 30, 2007, net assets of the
Fund applicable to common shares were $1,219,393,976. The net asset
value per common share on September 30, 2007 was $19.30 based on
63,173,419 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 $123.1 billion in assets
under management on October 31, 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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Nine Months Ended
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September 30,
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September 30,
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2008
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2007
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2008
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2007
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Gross investment income
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$4,582
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$4,525
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$13,711
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$14,368
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Operating expenses
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($2,798
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)
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($3,245
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)
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($8,665
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)
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($9,694
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)
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Net investment income
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$1,784
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$1,280
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$5,046
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$4,674
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Net realized and unrealized gains (losses) on investments
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($95,519
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)
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$17,466
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($183,511
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)
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$89,691
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Net increase (decrease) in net assets from operations
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($93,735
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)
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$18,746
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($178,465
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)
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$94,365
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Earnings per Share Outstanding
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Gross investment income
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$0.072
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$0.071
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$0.217
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$0.227
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Operating expenses
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($0.044
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)
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($0.051
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)
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($0.137
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)
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($0.153
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)
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Net investment income
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$0.028
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$0.020
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$0.080
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$0.074
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Net realized and unrealized gains (losses) on investments
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($1.513
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)
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$0.274
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($2.905
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)
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$1.420
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Net increase (decrease) in net assets from operations
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($1.485
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)
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$0.294
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($2.825
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)
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$1.494
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Net Asset Value at September 30
(Common Shares)
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Net assets (000)
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$937,720
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$1,219,394
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Shares outstanding (000)
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63,173
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63,173
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Net asset value per share outstanding
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$14.84
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$19.30
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Market Value Summary (Common Shares
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Market price on NYSE at September 30
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$11.97
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$18.14
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High market price (period ended September 30)
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$17.69
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$20.78
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Low market price (period ended September 30)
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$11.65
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$16.73
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Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Investor
Contact, 800-262-1122
