Special Meeting of Shareholders of Eaton Vance Tax-Managed Buy-Write Strategy Fund
16 Marzo 2023 - 9:25PM
Business Wire
At a Special Meeting of Shareholders held today, shareholders of
Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD) (the
“Fund”) approved an Agreement and Plan of Reorganization pursuant
to which the Fund will be reorganized with and into Eaton Vance
Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) (the
“Acquiring Fund”) (the “Reorganization”), as approved by the Fund’s
Board of Trustees.
The Reorganization is currently expected to be completed as of
the close of business of the New York Stock Exchange on or about
April 14, 2023, subject to the satisfaction of customary closing
conditions. Each shareholder of the Fund will be issued common
shares of the Acquiring Fund at an exchange ratio based on the
Fund’s and Acquired Fund’s respective net asset values per share.
Following the Reorganization, the Acquiring Fund will continue to
be managed in accordance with its existing investment objectives
and strategies.
Effective upon the closing of the Reorganization, Eaton Vance
has agreed to implement breakpoints in the advisory fee rate
schedule of the Acquiring Fund. The Acquiring Fund’s prospectus
will be supplemented on or about the closing of the Reorganization
to reflect the new advisory fee rate breakpoint schedule.
Additional Information about the Funds and
the Reorganization
This press release is not intended to, and does not, constitute
an offer to purchase or sell shares of the Funds; nor is this press
release intended to solicit a proxy from any shareholder of the
Funds.
The Funds’ shares are subject to investment risk, including
possible loss of principal invested. No Fund is a complete
investment program and you may lose money investing in a Fund. An
investment in a Fund may not be appropriate for all investors.
Additional information about the Funds, including performance and
portfolio characteristic information, is available at
www.eatonvance.com.
Statements in this press release that are not historical facts
are forward-looking statements as defined by the United States
securities laws. You should exercise caution in interpreting and
relying on forward-looking statements because they are subject to
uncertainties and other factors that are, in some cases, beyond a
Fund’s control and could cause actual results to differ materially
from those set forth in the forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230316005717/en/
Investor Contact: (800) 262-1122
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