ETB

Eaton Vance Tax-Managed Buy-Write Income Fund is a diversified closed-end investment fund that seeks to provide current income and gains with a secondary objective of capital appreciation. The fund employs a buy-write strategy, investing primarily in common stocks of large-capitalization U.S. companies and writing covered call options on those holdings to generate premium income. This strategy is designed to reduce portfolio volatility and enhance income generation while maintaining equity market exposure. The fund's tax-managed approach aims to minimize taxable distributions to shareholders through selective realization of gains and losses and efficient portfolio management techniques.