Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-end investment fund, which engages in the investment in a portfolio of common stocks and write of call options. The company was founded on April 29, 2005 and is headquartered in Boston, MA.

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Eaton Vance Tax-Managed Global Diversified Equity Income Fund

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 11/1/2024 Ex-Date – 11/11/2024 Record – 11/11/2024 Payable – 11/18/2024   Municipal Bond Funds: Fund Ticker   Distribution   Change From Prior Distribution   Closing Market Price – 10/31/24   Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV   $0.0500   -   $10.55   5.69% Eaton Vance Municipal Income Trust EVN   $0.051.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their October distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amou.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Eaton Vance Tax-Managed Buy-Write Income Fund is undervalued, trading at a -7% discount to NAV, despite a robust performance in 2024 and a history of trading at a premium. ETB closely tracks the S&P 500 via its holdings, and benefits from high volatility due to its short-dated, at-the-money options strategy. The fund's long-term stable NAV and 8.8% distribution rate make it a compelling alternative to an outright S&P 500 position, especially in a volatile market.

ETB: Equity CEF Still At A Discount, Over 8% Yield

Eaton Vance Tax-Managed Buy-Write Income Fund offers high-income potential and inflation protection through equity investments. The ETB closed-end fund yields 9.21%, outperforming peers in the same Morningstar category. The fund strategy involves owning stocks and selling index call options, with high exposure to technology stocks, potentially risky in current market conditions.

ETB: The Fund's Tech-Heavy Portfolio Might Be Risky In The Current Environment

Eaton Vance Tax-Managed Buy-Write Income Fund has outperformed First Trust Enhanced Equity Income Fund (FFA) since our last update, as we noted could occur. ETB is still trading at an attractive discount, making it still a worthwhile candidate for adding to one's portfolio. The whole suite of Eaton Vance equity CEFs saw a lift in their distributions recently and that includes ETB.

ETB: Attractive Discount And A Distribution Rate Of 9.25%

Eaton Vance Tax-Managed Buy-Write Income Fund offers income-focused investors the opportunity to earn a high level of income while still having the potential for capital gains. ETB has a yield of 9.63%, which compares well to similar funds in its category. The fund's performance has underperformed the S&P 500 Index, but when considering distributions, investors have seen a total return of 10.70%.

ETB: Tech-Heavy Portfolio And A History Of Underperformance Hurt This 9.63% Yielding CEF

After speculating earlier this year that Eaton Vance would raise its distributions on its equity CEFs, that was finally confirmed last week on April 1. The distribution increases range from 4.6% for ETV to 32.2% for EOS which gets most of the funds back up to their previous distribution levels from 2022.

Eaton Vance Raises Distributions On All Equity CEFs

It's taken well over a year, but I'm starting to sense that the Eaton Vance equity CEFs are finally turning the corner at market price support and appreciation. Now don't get me wrong. Their NAV performances have been stellar and in fact, the top four funds outperforming at NAV so far this year are all from Eaton Vance.

Eaton Vance Option CEFs Looking Better

First Trust Enhanced Equity Income Fund

Both the Eaton Vance Tax-Managed Buy-Write Income Fund and the First Trust Enhanced Equity Income Fund implement an options writing strategy but carry it out in different ways. They both deliver respectable distribution yields, with ETB paying monthly and FFA paying quarterly. However, the valuation difference between the two makes ETB look much more appealing on both an absolute and relative basis.

ETB And FFA: An Opportunity For A Swap

This happened in the fall of 2008 during the toxic mortgage crisis and in March 2020 during COVID-19. You see CEF shareholders sell at any price just to get out. Though this year has been more of a slow-motion crash in equity CEFs, that's not to say that we won't get a spike down sell-off that could see CEFs briefly hit -25% discounts or more. We had a name for when that happened. We'd call it the "dumb stage" of a market sell-off, and it could last one or two days before a recovery.

Equity CEFs: Buy ETB As We Enter The Dumb Stage Of The CEF Sell-Off

The Eaton Vance Tax-Managed Buy-Write Income Fund employs a unique strategy that relies heavily on common equities and option strategies to generate income. The fund has experienced poor performance recently due to changes in the economic environment, including the Federal Reserve's shift in monetary policy. The fund's distribution has been consistent, but it was forced to cut its distribution earlier this year due to losses from its technology-heavy portfolio.

ETB: A Good 8.78%-Yielding Fund, If You Are Comfortable With The Risk

Eaton Vance Tax-Managed Buy-Write Income Fund writes call options to boost its income. ETB distributes 8% on the current market price to its income seeking unitholders. The closed-end fund has left us impressed, but we still do not recommend a buy at this point in the cycle.

ETB: 8% Yielding Options Fund

BOSTON--(BUSINESS WIRE)--Eaton Vance Management (“Eaton Vance”), an indirect wholly-owned subsidiary of Morgan Stanley (NYSE: MS), announced the portfolio managers of certain funds as follows: Eaton Vance Enhanced Equity Income Fund ( NYSE: EOI) Charles B. Gaffney Douglas R. Rogers Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) Charles B. Gaffney Douglas R. Rogers Eaton Vance Tax Managed Diversified Equity Income Fund (NYSE: ETY) Charles B. Gaffney Douglas R. Rogers Eaton V.

Eaton Vance Management Announces Portfolio Management Teams of Certain Closed-End Funds

FFA and ETB utilize an options writing strategy rather than being leveraged. With no leverage, they can be relatively less volatile during uncertain periods.

FFA Vs. ETB: Discounted Call Writing Funds

The ETB fund provides high current income by writing calls against a diversified portfolio of stocks. Call-writing funds trade off upside for premiums, which could lower long-term returns.

ETB: Better Call-Writing Funds Elsewhere

I've avoided the Eaton Vance Tax-Managed Buy-Write Income Fund for years as it rose to a higher-and-higher premium which reached 20%-plus as recently as October. ETB is one of Eaton Vance's smaller equity CEFs at only $382 million in assets, so it will trade with more volatility at market price.

Equity CEFs: Initiating ETB With A Strong Buy

ETB is a "buy-write" equity CEF from Eaton Vance. The fund aims to mimic the S&P 500 index through its holdings.

ETB And The Year Of Wild Premium Swings

Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) is an equity buy-write fund. We assigned the CEF a Sell rating during the summer on the back of an unsustainable premium to NAV.

ETB: Moving From Sell To Hold After The Premium Collapse

ETB is a "buy-write" equity CEF from Eaton Vance. The CEF has an outstanding historical performance and has a great management team.

ETB: Great Fund, Currently Overpriced

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The worst half to a year in a half-century is over, with the S&P 500 down -20.0% through June 30. What's in store for the second half? Well, that depends on whose advice you trust, and frankly, there's something for everyone, from bullish recoveries to end-of-the-world type scenarios.

Equity CEF Performance: Updated Through July 1, 2022

ETB continues to keep up its premium through 2022, despite the general widening of discounts and reduction in premiums we've seen in the CEF space. On the other hand, it hasn't escaped the declines of the broader markets, and performance is still down YTD.

ETB: Continuing To Expand Its Premium

One of the best things about closed-end funds (CEFs) is that you can find CEFs that win in every kind of market.

This 8% Dividend Shakes Off Volatility, Pays You Every Month

The last time I touched on ETB, the option writing fund from Eaton Vance wasn't getting as much attention as ETV.

ETB: Attractive 7.63% Distribution Yield, But On The More Expensive Side

ETB is a buy-write CEF and has a primary objective of current income and capital gains.

ETB: Get A 7.8% Yield From This FAANG Portfolio

Morgan Stanley

BOSTON, May 13, 2021 /PRNewswire/ -- Eaton Vance Management ("Eaton Vance"), an indirect wholly-owned subsidiary of Morgan Stanley (NYSE: MS), announced today that Michael A. Allison, CFA, CFP®, Vice President and director of equity strategy implementation will retire from Eaton Vance on or about December 31, 2021.

News for Eaton Vance Tax-Managed Buy-Write Income Fund ETF (ETB)