Eaton Vance Tax-Managed Buy-Write Income Fund Report Of Earnings - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Eaton Vance Tax-Managed Buy-Write Income Fund Report Of Earnings

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SOURCE Eaton Vance Management

BOSTON, March 14, 2014 /PRNewswire/ -- Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB), a closed-end management investment company, today announced the earnings of the Fund for the three and nine months ended December 31, 2013. The Fund's fiscal year ended on December 31, 2013.

For the three months ended December 31, 2013, the Fund had net investment income of $1,214,577 ($0.049 per share). For the year ended December 31, 2013, the Fund had net investment income of $4,535,374 ($0.184 per share). In comparison, for the three months ended December 31, 2012, the Fund had net investment income of $1,545,752 ($0.062 per share). For the year ended December 31, 2012, the Fund had net investment income of $5,113,160 ($0.207 per share).

Net realized and unrealized gains for the three months ended December 31, 2013 were $22,896,716 ($0.926 per share). Net realized and unrealized gains for the year ended December 31, 2013 were $60,766,176 ($2.462 per share). In comparison, Net realized and unrealized losses for the three months ended December 31, 2012 were $6,984,135 ($0.280 per share). Net realized and unrealized gains for the year ended December 31, 2012 were $31,942,797 ($1.299 per share).

On December 31, 2013, net assets of the Fund were $400,633,347. The net asset value per share on December 31, 2013 was $16.25 based on 24,654,545 shares outstanding. In comparison, on December 31, 2012, net assets of the Fund were $367,284,087. The net asset value per share on December 31, 2012 was $14.90 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 month-end are also posted to the website approximately 30 days following month-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 $278.6 billion in assets as of January 31, 2014, 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

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)




















Three Months Ended


Year Ended







December 31,


December 31,







2013


2012


2013


2012

Gross investment income




$         2,336


$         2,605


$         8,963


$         9,334

Operating expenses




(1,122)


(1,059)


(4,428)


(4,221)


Net investment income



$         1,214


$         1,546


$         4,535


$         5,113

Net realized and unrealized gains (losses)









  on investments





$      22,896


$       (6,984)


$      60,766


$      31,943


Net increase (decrease) in net assets










  from operations




$      24,110


$       (5,438)


$      65,301


$      37,056














Earnings per Share Outstanding










Gross investment income




$         0.095


$         0.105


$         0.364


$         0.378

Operating expenses




(0.046)


(0.043)


(0.180)


(0.171)


Net investment income 



$         0.049


$         0.062


$         0.184


$         0.207

Net realized and unrealized gains (losses)









  on investments





$         0.926


$       (0.280)


$         2.462


$         1.299


Net increase (decrease) in net assets










  from operations




$         0.975


$       (0.218)


$         2.646


$         1.506



























Net Asset Value at December 31











Net assets  








$    400,633


$    367,284


Shares outstanding 







24,655


24,655


Net asset value per share outstanding






$         16.25


$         14.90














Market Value Summary 












Market price on NYSE at December 31





$         14.89


$         14.03


High market price (period ended December 31)





$         15.58


$         15.26


Low market price (period ended December 31)





$         14.06


$         12.59

 

©2012 PR Newswire. All Rights Reserved.

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