Eaton Vance Tax-Managed Buy-Write Strategy Fund
EXD
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Payson F. Swaffield CFA
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Two International Place Boston MA United States of America 02110
- IPO Date
- Feb 9, 2010
- CIK
- 0001480999
- Website
- funds.eatonvance.com
- Similar Companies
- Business
- Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD) is a closed-end equity mutual fund launched and managed by Eaton Vance Management. The fund, co-managed by Parametric Risk Advisors LLC, invests directly and through derivatives such as options in stocks of companies, primarily seeking current income and gains with a secondary objective of capital appreciation; it benchmarks performance against the S&P 500 Composite Stock Price Index and the NASDAQ 100 Index. EXD employs a tax-managed buy-write strategy, writing call options on equity indices or portfolio holdings to generate premium income while aiming to minimize tax liabilities through techniques like tax-loss harvesting. Eaton Vance Management, headquartered in Boston, Massachusetts, operates as part of Morgan Stanley Investment Management following Morgan Stanley's 2021 acquisition of Eaton Vance Corp., serving investors seeking high current income from U.S. equity markets. In April 2023, EXD merged into Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) at the close of the New York Stock Exchange on April 14, with EXD common shares converted to ETV shares at an exchange ratio of 0.750447085 based on closing net assets; shareholder approval for the reorganization was obtained on March 16, 2023. This merger represented a significant operational change, liquidating EXD as a standalone fund and integrating its assets and strategy into ETV under the same management team. No further major acquisitions, partnerships, funding rounds, or strategic shifts specific to EXD have been reported in the last 1-2 years post-merger.