EATON VANCE TAX-MANAGED BUY-WRITE INCOME FUND BOSTON, July 31, 2014 /PRNewswire/ -- Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB), today announced important information concerning its distribution declared in July 2014. This press release is issued as required by the Fund's 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 cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the July distribution. It is not determinative of the tax character of the Fund's distributions for the 2014 calendar year. Shareholders should note that the Fund's total regular distribution amount is subject to change as a result of market conditions or other factors.
The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Distribution Period: July 2014
Distribution Amount per Common Share: $0.1080
The following table sets forth an estimate of the sources of the Fund's July distribution and its cumulative distributions paid this fiscal year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.
Eaton Vance Tax-Managed Buy-Write Income Fund
---------------------------------------------
Source Current Distribution % of Current Distribution Cumulative Distributions for % of the Cumulative
the Fiscal Year-to-Date(1) Distributions for the Fiscal
Year-to-Date(1)
------ -------------------- ------------------------- ---------------------------- ----------------------------
Net Investment Income $0.0139 12.8% $0.0991 13.1%
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Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0000 0.0%
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Net Realized Long-Term Capital Gains $0.0000 0.0% $0.0000 0.0%
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Return of Capital or Other Capital Source(s) $0.0941 87.2% $0.6569 86.9%
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Total per common share $0.1080 100.0% $0.7560 100.0%
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(1) The Fund's fiscal
year is January 1, 2014 to
December 31, 2014
IMPORTANT DISCLOSURE: You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Plan. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.' The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and/or tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Set forth in the table below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods.
Average annual total return at
NAV for the 5-year period
ended on June 30, 2014(1) 14.30%
------------------------------ -----
Annualized current
distribution rate expressed
as a percentage of NAV as of
June 30, 2014(2) 7.87%
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Cumulative total return at NAV
for the fiscal year through
June 30, 2014(3) 5.63%
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Cumulative fiscal year to date
distribution rate as a
percentage of NAV as of June
30, 20144 3.93%
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(1) Average annual total return
at NAV represents the change in
NAV of the Fund, with all
distributions reinvested, for
the 5-year period ended on June
30, 2014.
(2) The annualized current
distribution rate is the
cumulative distribution rate
annualized as a percentage of
the Fund's NAV as of June 30,
2014.
(3) Cumulative total return at
NAV is the percentage change in
the Fund's NAV for the period
from the beginning of its
fiscal year to June 30, 2014
including distributions paid
and assuming reinvestment of
those distributions.
4 Cumulative fiscal year
distribution rate for the
period from the beginning of
its fiscal year to June 30,
2014 measured on the dollar
value of distributions in the
year-to-date period as a
percentage of the Fund's NAV as
of June 30, 2014.
SOURCE Eaton Vance Management
