Company: ETV
Filing Date: 2025-05-01
Form Type: 424B5
Source: 0001193125-25-109401
Chunk: 58

Company: Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Filing Date: 2025-05-01
Form: 424B5
Chunk 58
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            | 13.35 |     | $   | 11.89 |     | $                        | 13.41 |     | $   | 13.10 |     |                                          | (0.45)% |     |     | (4.80)% |
| 6/30/2023            |     | $            | 12.80 |     | $   | 12.06 |     | $                        | 12.77 |     | $   | 11.46 |     |                                          | 0.23%   |     |     | (4.89)% |
| 3/31/2023            |     | $            | 13.40 |     | $   | 12.09 |     | $                        | 12.70 |     | $   | 10.53 |     |                                          | 5.51%   |     |     | 0.67%   |

On April 23, 2025, the last reported sale price, NAV per Common Share and percentage premium/(discount) to NAV per Common Share, were $12.42, $13.26 and (6.33)%, respectively. As of April 23, 2025, the Fund had 116,754,568 Common Shares outstanding and net assets of $1,548,533,175. The following table provides information about our outstanding Common Shares as of April 23, 2025:

| Title of Class |     | Amount Authorized |     | Amount Held by the Fund for its 
                         Account |     | Amount Outstanding |
| Common Shares  |     | Unlimited         |     |                               0 |     |        116,754,568 |

The Fund The Fund is a diversified, closed‑end management investment company registered under the 1940 Act. The Fund was organized as a Massachusetts business trust on March 30, 2005 pursuant to an Agreement and Declaration of Trust, as amended August 11, 2008, governed by the laws of The Commonwealth of Massachusetts. The Fund’s principal office is located at One Post Office Square, Boston, Massachusetts 02109, and its telephone number is 1‑800‑262‑1122. 25

Use of Proceeds Subject to the remainder of this section, and unless otherwise specified in a Prospectus Supplement, the Fund currently intends to invest substantially all of the net proceeds of any sales of Common Shares pursuant to this Prospectus in accordance