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ETB · Eaton Vance Tax-Managed Buy-Write Income Fund

Know the company

Company overview

Eaton Vance Tax-Managed Buy-Write Income Fund owns stocks and sells covered calls. Its approach aims for shareholder cash while managing the timing and tax character of investment results.

Business
Equity option-income CEF
Listing
ETB · New York Stock Exchange
Reporting period
2026-06-30
Dividend schedule
Monthly

How the business works

Company dividends provide some income. Written options and stock gains are separate, often more important pieces of the cash story, and NAV shows what happened to the underlying capital.

Eaton Vance Tax-Managed Buy-Write Income Fund: financial report supporting reported earnings

Dividend & earnings snapshot

Reported earnings

Each measure shown separately, per share

Net investment income$0.01

Jan 1, 2026 to Jun 30, 2026

Distribution yield8.17%Sourced distributions divided by dated market price
Reported annual income yield0.26%Reported net investment income $0.0400 per share for 2025-01-01 to 2025-12-31, divided by approved 2025-12-31 market price $15.2700. Excludes capital gains; historical, not a current yield or forecast.
Reported annual investment income$0.04Per share for 2025 FY. Excludes investment gains.
Annual dividend$1.27Current regular payment annualized per share
Dividend payment history
Date or monthPer share
Sep 30, 2026$0.1058
Reported earnings and sources

Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.

Reporting periodPer shareSource
Jan 1, 2026 to Jun 30, 2026$0.01SEC
Announced Aug 27, 2026

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting periodEnding NAVNAV changeDistributions / shareReported NAV total returnSource
Jan 1, 2026 to Jun 30, 2026$16.83+2.87%$0.63+7.21%ETB SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2025 to Dec 31, 2025$16.36+4.94%$1.27+14.48%ETB SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2024 to Dec 31, 2024$15.59+9.71%$1.23+19.73%ETB SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
View older history (up to 7 years)
Reporting periodEnding NAVNAV changeDistributions / shareReported NAV total returnSource
Jan 1, 2023 to Dec 31, 2023$14.21+8.47%$1.12+18.10%ETB SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Jan 1, 2022 to Dec 31, 2022$13.10-20.32%$1.27-13.18%ETB own SEC Financial Highlights fiscal 2022. Total cash includes the separately stated NII, realized-gain and return-of-capital components. The company reports a separate $0.02/share NAV premium from common shares sold through a shelf offering; it is not investment return. The fiscal market value is reported, not a recovered exchange close.
Jan 1, 2021 to Dec 31, 2021$16.44+12.68%$1.30+22.40%ETB own SEC Financial Highlights fiscal 2021. Total cash includes the separately stated NII, realized-gain and return-of-capital components. The company reports a separate $0.03/share NAV premium from common shares sold through a shelf offering; it is not investment return. The fiscal market value is reported, not a recovered exchange close.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

How to read ETB income

Fund income alone does not measure the full contribution from options. Cash distributions can also include gains or return of capital.

Follow distributions together with NAV and total return. A large payment is not proof that the strategy earned that amount.

Income and distributions

Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Fund income alone does not measure the full contribution from options. Cash distributions can also include gains or return of capital.

Reporting periodNet investment income/shareTotal distributions/share
2026-01-01 to 2026-06-30 $0.01 $0.63
2025-01-01 to 2025-12-31 $0.04 $1.27
2024-01-01 to 2024-12-31 $0.06 $1.23
View older history (up to 7 years)
Reporting periodNet investment income/shareTotal distributions/share
2023-01-01 to 2023-12-31 $0.09 $1.12
2022-01-01 to 2022-12-31 $0.09 $1.27
2021-01-01 to 2021-12-31 $0.06 $1.30

The assets behind the earnings

How ETB makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Compare results for the reporting periods shown. Historical results are not a forecast.

The assets it owns

$499.664 million net assets132 holdings · As of 7/31/2026

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

Eaton Vance Tax-Managed Buy-Write Income Fund: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2026-01-01 through 2026-06-30 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$0.0100

For the six months ended June 30, 2026, ETB reported $0.01 of net investment income per share and $0.63 of common distributions. The comparison captures dividends and interest after costs, not the option economics central to the strategy.

Eaton Vance Tax-Managed Buy-Write Income Fund: financial report supporting reported earnings

The income-producing business

Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

Eaton Vance Tax-Managed Buy-Write Income Fund: financial report supporting reported earnings

What the reported earnings support

Eaton Vance Tax-Managed Buy-Write Income Fund reported $0.0100 per share for 2026-01-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

Eaton Vance Tax-Managed Buy-Write Income Fund: financial report supporting reported earnings

What would change the earnings picture?

Check option gains, realized stock results, distribution sources and NAV in the next report. Follow the after-tax result without assuming the cash payment was earned from dividends alone.

Net asset value (NAV)

NAV per share$17.03Sep 29, 2026
Market price$15.38Sep 29, 2026
PREMIUM / DISCOUNT TO NAV9.69% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Fly High context

Check option gains, realized stock results, distribution sources and NAV in the next report. Follow the after-tax result without assuming the cash payment was earned from dividends alone.

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U.S. federal · Tax year 2025

Dividend tax treatment

The fund's published 2025 breakdown shows mainly capital-gain distributions and return of capital. The mix can change from year to year.

This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Ordinary, nonqualified
0%
Qualified dividends
2.9%
Capital-gain distributions
81.66%
Return of capital
15.44%

Tax year: 2025. Total distributions: $1.27 per share.

Tax details and source
Total ordinary dividends (includes qualified)
2.9%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

Public Research updated October 1, 2026 4:43 am

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