BOSTON, Sept. 8, 2011 /PRNewswire/ -- 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 and six months ended June 30, 2011. The Fund's fiscal year ends on December 31, 2011.
For the three months ended June 30, 2011, the Fund had net investment income of $1,690,837 ($0.026 per share). For the six months ended June 30, 2011, the Fund had net investment income of $2,772,908 ($0.043 per share). In comparison, for the three months ended June 30, 2010, the Fund had net investment income of $1,325,132 ($0.020 per share). For the six months ended June 30, 2010, the Fund had net investment income of $2,567,302 ($0.040 per share).
Net realized and unrealized gains for the three months ended June 30, 2011 were $4,966,356 ($0.079 per share). Net realized and unrealized gains for the six months ended June 30, 2011 were $26,203,420 ($0.412 per share). In comparison, net realized and unrealized losses for the three months ended June 30, 2010 were $80,516,135 ($1.269 per share). Net realized and unrealized losses for the six months ended June 30, 2010 were $70,449,374 ($1.110 per share).
On June 30, 2011, net assets of the Fund were $890,204,897. The net asset value per share on June 30, 2011 was $13.95 based on 63,816,866 shares outstanding. In comparison, on June 30, 2010, net assets of the Fund were $805,340,118. The net asset value per share on June 30, 2010 was $12.64 based on 63,711,335 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 $199.0 billion in assets as of July 31, 2011, 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 OPPORTUNITIES FUND | |||||||||
SUMMARY OF RESULTS OF OPERATIONS | |||||||||
(in thousands, except per share amounts) | |||||||||
Three Months Ended | Six Months Ended | ||||||||
June 30, | June 30, | ||||||||
2011 | 2010 | 2011 | 2010 | ||||||
Gross investment income | $ 4,208 | $ 3,691 | $ 7,718 | $ 7,345 | |||||
Operating expenses | (2,517) | (2,366) | (4,945) | (4,778) | |||||
Net investment income | $ 1,691 | $ 1,325 | $ 2,773 | $ 2,567 | |||||
Net realized and unrealized gains (losses) | |||||||||
on investments | $ 4,966 | $ (80,516) | $ 26,203 | $ (70,449) | |||||
Net increase (decrease) in net assets | |||||||||
from operations | $ 6,657 | $ (79,191) | $ 28,976 | $ (67,882) | |||||
Earnings per Share Outstanding | |||||||||
Gross investment income | $ 0.066 | $ 0.057 | $ 0.121 | $ 0.115 | |||||
Operating expenses | (0.040) | (0.037) | (0.078) | (0.075) | |||||
Net investment income | $ 0.026 | $ 0.020 | $ 0.043 | $ 0.040 | |||||
Net realized and unrealized gains (losses) | |||||||||
on investments | $ 0.079 | $ (1.269) | $ 0.412 | $ (1.110) | |||||
Net increase (decrease) in net assets | . | ||||||||
from operations | $ 0.105 | $ (1.249) | $ 0.455 | $ (1.070) | |||||
Net Asset Value at June 30 | |||||||||
Net assets | $ 890,205 | $ 805,340 | |||||||
Shares outstanding | 63,817 | 63,711 | |||||||
Net asset value per share outstanding | $ 13.95 | $ 12.64 | |||||||
Market Value Summary | |||||||||
Market price on NYSE at June 30 | $ 12.73 | $ 13.06 | |||||||
High market price (period ended June 30) | $ 13.39 | $ 15.00 | |||||||
Low market price (period ended June 30) | $ 12.44 | $ 12.74 | |||||||
SOURCE Eaton Vance Management
