Company: ETV
Filing Date: 2025-04-29
Form Type: N-2ASR
Source: 0001193125-25-103160
Chunk: 151

Company: Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Filing Date: 2025-04-29
Form: N-2ASR
Chunk 151
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.940% of the average daily gross assets of the Fund over $5 billion. Gross assets of the Fund means total assets of the Fund, including any form of investment leverage, minus all accrued expenses incurred in the normal course of operations, but not excluding any liabilities or obligations attributable to investment leverage obtained through (i) indebtedness of any type (including, without limitation, borrowing through a credit facility or the issuance of debt securities), (ii) the issuance of preferred stock or other similar preference securities, (iii) the reinvestment of collateral received for securities loaned in accordance with the Fund’s investment objectives and policies, and/or (iv) any other means. Prior to April 14, 2023, the Fund compensated the Adviser at an annual rate of 1.00% of the average daily gross assets of the Fund. For the fiscal years ended December 31, 2024, 2023 and 2022, the Fund incurred $16,511,951, $14,672,302 and $14,599,010, respectively, in advisory fees. Pursuant to an investment sub-advisoryagreement between the Adviser and the Sub-Adviser,Eaton Vance pays compensation to the Sub-Adviserfor providing sub-advisoryservices to the Fund. For the fiscal years ended December 31, 2024, 2023 and 2022, the Sub-Adviserreceived $4,135,720, $3,668,719 and $3,649,753, respectively, in sub-advisoryfees. Pursuant to the Administrative Services Agreement (the “Administration Agreement”), based on the current level of compensation payable to Eaton Vance by the Fund under the Advisory Agreement, Eaton Vance receives no compensation from the Fund in respect of the services rendered and the facilities provided as administrator under the Administration Agreement. The Advisory Agreement with the Adviser continues in effect through and including the second anniversary of its execution and shall continue in full force and effect indefinitely thereafter, but only so long as such continuance after such second anniversary is specifically approved at least annually (i) by the vote of a majority of those Trustees of the Fund who are not interested persons of the Adviser or the Fund cast at a meeting specifically called for the purpose of voting on such approval pursuant to the requirements of the 1940 Act and (ii) by the Fund’s Board or by vote of a majority of the outstanding voting securities of the Fund. The Administration

Agreement continues in