Eaton Vance Tax Managed Buy Write Income Fund

Eaton Vance applies in-depth fundamental analysis to the active management ofequity, income, alternative and multi-asset strategies. Eaton Vance's investmentteams follow time-tested principles of investing that emphasize ongoing riskmanagement, tax management (where applicable) and the pursuit of consistentlong-term returns. The firm's investment capabilities encompass the globalcapital markets. Eaton Vance is a part of Morgan Stanley Investment Management,the asset management division of Morgan Stanley.

eaton vance tax managed buy write income fund

This press release is for informational purposes only and is not intended to,and does not, constitute an offer to purchase or sell shares of a fund.Additional information about the funds, including performance and portfoliocharacteristics, is available at eatonvance.com.

UBS launched its ETRACS Monthly Pay 2x Leveraged Closed-End Fund ETN (CEFL), which tracks the ISE High Income Index (200%). The underlying index is comprised of 30 closed-end funds (CEFs) that are ranked highest overall by the ISE in three criteria: fund yield, discount to net asset value, and liquidity. CEFL seeks to provide significant income potential with a variable monthly coupon linked to two times the cash distributions on the index constituents. Investors should note that the underlying index is reset monthly, not daily [see 101 High Yielding ETFs For Every Dividend Investor].

For those not familiar with closed-end funds (CEFs), these securities differ from mutual funds and ETFs in that they can be bought at significant discounts to the net asset value of the shares. This allows an investor to generate significantly higher levels of income, and also provides a cushion in downturns or a measure of capital appreciation in upturns. 041b061a72