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The merger between Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) was completed on April 14, 2023. This decision followed shareholder approval of the Agreement and Plan of Reorganization obtained on March 16, 2023. The exchange ratio for the merger was set at 0.750447085, converting shares of EXD into shares of ETV based on the Funds' closing net assets on the merger date. Both funds are managed by Eaton Vance Management, a part of Morgan Stanley Investment Management. Investors are cautioned that shares may trade at a discount from their net asset value, and investing in these funds entails risks, including potential loss.
At a Special Meeting held in Boston, shareholders of the Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD) approved a Reorganization to merge with the Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV). The merger is targeted for completion on or around April 14, 2023, subject to customary conditions. Shareholders will receive common shares of the Acquiring Fund based on net asset values. Additionally, advisory fee rate breakpoints will be implemented for the Acquiring Fund post-merger, with corresponding updates to its prospectus.
BOSTON--(BUSINESS WIRE)--Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD) conducted a special shareholder meeting to approve a reorganization with Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV). The meeting was adjourned to March 16, 2023, to allow shareholders more time to vote, with a record date of November 21, 2022. Shareholders who have not voted are encouraged to do so via proxy materials. Participation details for the adjourned meeting require valid identification and proof of vaccination. More information is available through the Fund's proxy statement.
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