EATON VANCE TAX-MANAGED BUY-WRITE INCOME FUND BOSTON, Oct. 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 six months ended June 30, 2014. The Fund's fiscal year ends on December 31, 2014.
For the three months ended June 30, 2014, the Fund had net investment income of $1,058,043 ($0.043 per share). For the six months ended June 30, 2014, the Fund had net investment income of $2,060,641 ($0.084 per share). In comparison, for the three months ended June 30, 2013, the Fund had net investment income of $1,146,636 ($0.047 per share). For the six months ended June 30, 2013, the Fund had net investment income of $2,218,052 ($0.090 per share).
Net realized and unrealized gains for the three months ended June 30, 2014 were $15,724,215 ($0.635 per share). Net realized and unrealized gains for the six months ended June 30, 2014 were $19,404,244 ($0.784 per share). In comparison, net realized and unrealized gains for the three months ended June 30, 2013 were $4,830,044 ($0.194 per share). Net realized and unrealized gains for the six months ended June 30, 2013 were $28,834,677 ($1.168 per share).
On June 30, 2014, net assets of the Fund were $406,122,087. The net asset value per share on June 30, 2014 was $16.47 based on 24,654,545 shares outstanding. In comparison, on June 30, 2013, net assets of the Fund were $382,360,671. The net asset value per share on June 30, 2013 was $15.51 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 $293.6 billion in assets as of September 30, 2014, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation 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 Six Months Ended
June 30, June 30,
-------- --------
2014 2013 2014 2013
---- ---- ---- ----
Gross investment income $2,192 $2,251 $4,298 $4,401
Operating expenses (1,134) (1,104) (2,237) (2,183)
------ ------ ------ ------
Net investment income $1,058 $1,147 $2,061 $2,218
Net realized and unrealized gains (losses)
on investments $15,724 $4,830 $19,404 $28,835
------- ------ ------- -------
Net increase (decrease) in net
assets
from operations $16,782 $5,977 $21,465 $31,053
Earnings per Share Outstanding
------------------------------
Gross investment income $0.089 $0.092 $0.174 $0.179
Operating expenses (0.046) (0.045) (0.090) (0.089)
------ ------ ------ ------
Net investment income $0.043 $0.047 $0.084 $0.090
Net realized and unrealized gains (losses)
on investments $0.635 $0.194 $0.784 $1.168
------ ------ ------ ------
Net increase (decrease) in net
assets
from operations $0.678 $0.241 $0.868 $1.258
Net Asset Value at June 30
--------------------------
Net assets $406,122 $382,361
Shares outstanding 24,655 24,655
Net asset value per share
outstanding $16.47 $15.51
Market Value Summary
--------------------
Market price on NYSE at June 30 $15.97 $14.51
High market price (period ended
June 30) $16.33 $15.58
Low market price (period ended June
30) $14.77 $14.06
SOURCE Eaton Vance Management
