ETB Research | Milton Maxwell

ETB

Eaton Vance Tax-Managed Buy-Write Income Fund

14.99

-0.05-0.33%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

440.33M

P/E (TTM)

10.34

Basic EPS (TTM)

1.45

Dividend Yield

0.08%

Recent Filings

8-K

Board appoints new Chairperson

8/28/25Aug 28, 2025

Eaton Vance Tax-Managed Buy-Write Income Fund's Board appointed Scott E. Wennerholm as Chairperson effective August 27, 2025, for a four-year term. He replaces Susan J. Sutherland, who had acted in the role since August 9, 2025, after the prior Chairperson's passing. This stabilizes leadership amid recent transition. No further details on Wennerholm's background disclosed.

8-K

Board chair passes away

8/14/25Aug 14, 2025

Eaton Vance Tax-Managed Buy-Write Income Fund's Board Chairperson Mark R. Fetting unexpectedly passed away on August 9, 2025, prompting the board to appoint Susan J. Sutherland as acting Chairperson. The board shrank from ten to nine members effective August 12, 2025. This sudden shift tests the fund's governance continuity amid ongoing operations.

8-K

By-laws amend control provisions

10/10/24Oct 10, 2024

Eaton Vance Tax-Managed Buy-Write Income Fund eliminated its Control Share Provisions through Amendment No. 1 to the By-Laws, effective October 10, 2024, following a board vote on January 26, 2023, to exempt such acquisitions going forward. This change removes restrictions on shareholder control acquisitions, potentially easing ownership shifts. The board made conforming updates. No financial impacts disclosed.

8-K

Suspends control share restrictions

2/1/23Feb 1, 2023

Eaton Vance Tax-Managed Buy-Write Income Fund suspended its Control Share By-Law on January 26, 2023, exempting all prior and new share purchases from restrictions that limited voting rights for large holders. This follows a Massachusetts Superior Court ruling on January 23, 2023, upholding the Board's fiduciary duty but invalidating the by-law under the Investment Company Act. Litigation continues. The move eases activist investor barriers while the Board monitors developments.

8-K

Fund adopts anti-activist bylaws

8/13/20Aug 13, 2020

Eaton Vance Tax-Managed Buy-Write Income Fund amended its By-Laws on August 13, 2020, introducing Control Share Provisions to curb activist investor influence. These rules limit voting rights for shares acquired in blocks granting 10% or more voting power, requiring approval from non-interested shareholders. The move shields the fund from opportunistic takeovers. Pre-2020 holdings remain unaffected.

About

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of large-cap companies. It also writes call options on one or more U.S. indices on a substantial portion of the value of its common stock portfolio. The fund benchmarks the performance of its portfolio against the S&P 500 Index. Eaton Vance Tax-Managed Buy-Write Income Fund was formed on April 29, 2005 and is domiciled in the United States.

CEO

Mr. Thomas Chanlin Seto

IPO

4/27/2005

Website

https://funds.eatonvance.com/Tax-Managed-Buy-Write-Income-Fund-ETB.php

Sector

Financial Services

Industry

Asset Management