Eaton Vance Tax-Managed Buy-Write Income Fund Report Of Earnings

       Eaton Vance Tax-Managed Buy-Write Income Fund Report Of Earnings

PR Newswire

BOSTON, June 21, 2013

BOSTON, June 21, 2013 /PRNewswire/ --Eaton Vance Tax-Managed Buy-Write Income
Fund (NYSE: ETB), a closed-end management investment company, today announced
the earnings of the Fund for the three months ended March 31, 2013. The
Fund's fiscal year ends on December 31, 2013.

For the three months ended March 31, 2013, the Fund had net investment income
of $1,071,416 ($0.043 per share). In comparison, for the three months ended
March 31, 2012, the Fund had net investment income of $1,117,169 ($0.045 per
share).

Net realized and unrealized gains for the three months ended March 31, 2013
were $24,004,633 ($0.974 per share). In comparison, net realized and
unrealized gains for the three months ended March 31, 2012 were $23,913,163
($0.970 per share).

On March 31, 2013, net assets of the Fund were $384,372,063. The net asset
value per share on March 31, 2013 was $15.59 based on 24,654,545 shares
outstanding. In comparison, on March 31, 2012, net assets of the Fund were
$379,222,681. The net asset value per share on March 31, 2012 was $15.38 based
on 24,654,545 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 month-end are also posted to the
website approximately 30 days following month-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 $260.3 billion in assets as of April 30, 2013,
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 INCOME FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                                          Three Months        Three Months
                                          Ended               Ended
                                          March 31,           March 31,
                                          2013                2012
Gross investment income                   $     2,150    $     
                                                              2,159
Operating expenses                        (1,079)             (1,042)
    Net investment income                 $     1,071    $     
                                                              1,117
Net realized and unrealized gains
(losses)
 on investments                          $    24,005     $    
                                                              23,913
    Net increase (decrease) in net
    assets
     from operations                     $    25,076     $    
                                                              25,030
Earnings per Share Outstanding
Gross investment income                   $     0.087    $     
                                                              0.087
Operating expenses                        (0.044)             (0.042)
    Net investment income                $     0.043    $     
                                                              0.045
Net realized and unrealized gains
(losses)
 on investments                          $     0.974    $     
                                                              0.970
    Net increase (decrease) in net
    assets
     from operations                     $     1.017    $     
                                                              1.015
Net Asset Value at March 31
    Net assets                           $   384,372      $    379,223
    Shares outstanding                    24,655              24,655
    Net asset value per share             $     15.59    $     
    outstanding                                               15.38
Market Value Summary
    Market price on NYSE at March 31      $     14.64    $     
                                                              13.70
    High market price (period ended       $     14.97    $     
    March 31)                                                 13.78
    Low market price (period ended March  $     14.06    $     
    31)                                                       12.81



SOURCE Eaton Vance Management

Website: http://www.eatonvance.com
Contact: Investor Contact: (800) 262-1122
 
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