EXD News and Press, Eaton Vance Tax-Advantaged Bond of Beneficial Interest

2023-04-17 14:55:39 ET Summary ETV's premium had collapsed after they cut their distribution last year, the first time in nearly a decade. Given the depressed prices in tech in 2022, it seemed fitting to adjust the distribution as this is a tech-heavy fund. The distribution yi...

The merger of Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD) into Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) was completed at the close of the New York Stock Exchange on April 14, 2023. EXD shareholder approval of the Agreement and Plan of Reorganization pursuan...

2023-03-27 06:16:32 ET Summary 3 out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. EXD/ETV merger approved. Merger will close April 14, 2023. Author's note: This article was released to CEF/ETF Income Laboratory members on Mar...

2023-03-21 04:31:45 ET Summary EXD is set to be merged into ETV. On March 16 the Eaton Vance Tax-Managed Buy-Write Strategy Fund approved an Agreement and Plan of Reorganization. On April 14 the EXD ticker is set to be retired, with shareholders receiving shares in ETV. Wh...

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 O...

Summary 0 out of 22 closed-end fund sectors positive on price and 3 out of 22 sectors positive on NAV last week. KIO rights offering results. MLPs are the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on ...

Summary 1 out of 22 CEF sectors positive on price and 0 out of 22 sectors positive on NAV last week. Senior loans lead while real estate lags. MLPs remain the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on ...

Summary 17 out of 22 CEF sectors positive on price and 18 out of 22 sectors positive on NAV last week. RSF offering results. DEX tender offer expires. A new corporate actions tracker for our members. Author’s note: This article was released to CEF/ETF Income Labor...

Summary EXD was set to be merged into ETV, subject to a Special Meeting of Shareholders scheduled for February 2, 2023. Due to a lack of shareholder voting and engagement, the meeting has now been postponed to March. We feel that Eaton Vance has dropped the ball a bit on this one, h...

Summary It was back in November of 2012, yes, over a decade ago, that I wrote my first article discussing the benefits of high Return of Capital (ROC) in equity CEF distributions. Back then, I first wrote (link below) about the risks and tax-differences between high ROC in equity based ...