BOSTON, Sept. 10, 2012 /PRNewswire/ -- Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: [ ETV ]), a closed-end management investment company, today announced the earnings of the Fund for the three and six months ended June 30, 2012. The Fund's fiscal year ends on December 31, 2012.

For the three months ended June 30, 2012, the Fund had net investment income of $1,787,629 ($0.028 per share). For the six months ended June 30, 2012, the Fund had net investment income of $3,337,838 ($0.052 per share). In comparison, for the three months ended June 30, 2011, the Fund had net investment income of $1,690,837 ($0.026 per share). For the six months ended June 30, 2011, the Fund had net investment income of $2,772,908 ($0.043 per share).

Net realized and unrealized losses for the three months ended June 30, 2012 were $5,752,722 ($0.089 per share). Net realized and unrealized gains for the six months ended June 30, 2012 were $64,598,134 ($1.013 per share). In comparison, net realized and unrealized gains for the three months ended June 30, 2011 were $4,966,356 ($0.079 per share). Net realized and unrealized gains for the six months ended June 30, 2011 were $26,203,420 ($0.412 per share).

On June 30, 2012, net assets of the Fund were $896,707,368. The net asset value per share on June 30, 2012 was $14.05 based on 63,816,866 shares outstanding. In comparison, on June 30, 2011, net assets of the Fund were $890,204,897. The net asset value per share on June 30, 2011 was $13.95 based on 63,816,866 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 $192.9 billion in assets as of July 31, 2012, 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 OPPORTUNITIES FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)

		Three Months Ended		Six Months Ended
		June 30,		June 30,
		2012	2011	2012	2011
Gross investment income		$ 4,236	$ 4,208	$ 8,251	$ 7,718
Operating expenses		(2,448)	(2,517)	(4,913)	(4,945)
	Net investment income	$ 1,788	$ 1,691	$ 3,338	$ 2,773
Net realized and unrealized gains (losses) on investments		$(5,753)	$ 4,966	$ 64,598	$ 26,203
	Net increase (decrease) in net assets from operations	$(3,965)	$ 6,657	$ 67,936	$ 28,976

Earnings per Share Outstanding
Gross investment income		$ 0.066	$ 0.066	$ 0.129	$ 0.121
Operating expenses		(0.038)	(0.040)	(0.077)	(0.078)
	Net investment income	$ 0.028	$ 0.026	$ 0.052	$ 0.043
Net realized and unrealized gains (losses) on investments		$(0.089)	$ 0.079	$ 1.013	$ 0.412
	Net increase (decrease) in net assets from operations	$(0.061)	$ 0.105	$ 1.065	$ 0.455

Net Asset Value at June 30
	Net assets			$ 896,707	$ 890,205
	Shares outstanding			63,817	63,817
	Net asset value per share outstanding			$ 14.05	$ 13.95

Market Value Summary
	Market price on NYSE at June 30			$ 12.43	$ 12.73
	High market price (period ended June 30)			$ 13.26	$ 13.39
	Low market price (period ended June 30)			$ 11.77	$ 12.44

SOURCE Eaton Vance Management

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

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