Company: ETV
Filing Date: 2025-05-01
Form Type: 424B5
Source: 0001193125-25-109401
Chunk: 164

Company: Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Filing Date: 2025-05-01
Form: 424B5
Chunk 164
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 of a Trustees Deferred Compensation Plan (the “Deferred Compensation Plan”). Under the Deferred Compensation Plan, an eligible Board member may elect to have his or her deferred fees invested in the shares of one or more funds in the Eaton Vance family of funds, and the amount paid to the Board members under the Deferred Compensation Plan will be determined based upon the performance of such investments. Deferral of Board members’ fees in accordance with the Deferred Compensation Plan will have a negligible effect on the assets, liabilities, and net income of a participating fund or portfolio, and do not require that a participating Board member be retained. There is no retirement plan for Board members.

The fees and expenses of the noninterested Trustees of the Fund are paid by the Fund. A Board member who is a member of the Eaton Vance organization receives no compensation from the Fund. During the fiscal year ended December 31, 2024, the Trustees of the Fund earned the following compensation in their capacities as Board members from the Fund. For the year ended December 31, 2024, the Board members earned the following compensation in their capacities as members of the Eaton Vance Fund Boards (1):

|                          | Source of    
 Compensation |   | Alan C. 
  Bowser |     |   | Mark R. 
 Fetting |     |   | Cynthia E. 
      Frost |     |   | George J. 
    Gorman |     |   | Valerie A. 
     Mosley |    |     |   |   Keith 
 Quinton |     |   | Marcus L. 
     Smith |     |   |   Nancy 
   Wiser 
 Stefani |     |   |   Susan J. 
 Sutherland |     |   |   Scott E. 
 Wennerholm |
|:-------------------------|:-------------|:--|--------:|:----|:--|--------:|:----|:--|-----------:|:----|:--|----------:|:----|:--|-----------:|---:|:----|:--|--------:|:----|:--|----------:|:----|:--|--------:|:----|:--|-----------:|:----|:--|-----------:|
| Fund                     |              | $ |   9,179 |     | $ |   9,992 |     | $ |      9,179 |     | $ |    12,665 |     | $ |      9,992 | -2 |