# EDGAR Filing Document

**Accession Number:** 0001322436
**File Stem:** 0000940394-23-000469
**Filing Date:** 2023-3
**Character Count:** 2677
**Document Hash:** 84db53d4d709832219fc86a3e37125f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940394-23-000469.hdr.sgml**: 20230316

**ACCESSION NUMBER**: 0000940394-23-000469

**CONFORMED SUBMISSION TYPE**: 424B3

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230316

**DATE AS OF CHANGE**: 20230316

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eaton Vance Tax-Managed Buy-Write Opportunities Fund
- **CENTRAL INDEX KEY:** 0001322436
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 424B3
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-264574
- **FILM NUMBER:** 23739209

**BUSINESS ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-482-8260

**MAIL ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND**

**Supplement to Prospectus dated April 29, 2022,** 

**Prospectus Supplement dated May 9, 2022, and** 

**Statement of Additional Information dated April 29, 2022**

At a special meeting held on March 16, 2023, the shareholders of Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD) approved an Agreement and Plan of Reorganization pursuant to which EXD will be reorganized with and into Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) (the "Fund").

The reorganization is currently expected to be completed as of the close of business of the New York Stock Exchange on or about April 14, 2023 subject to the satisfaction of applicable regulatory requirements and customary closing conditions. Following the reorganization, the Fund will continue to be managed in accordance with its existing investment objectives and strategies as described in the Fund's Prospectus, Prospectus Supplement and Statement of Additional Information ("SAI").

Effective upon the closing of the reorganization, Eaton Vance has agreed to implement breakpoints in the advisory fee borne by the Fund. Following the closing of the reorganization, the following replaces any references to the Fund's advisory fee rate schedule contained in the Prospectus, Prospectus Supplement and SAI:

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| | |
|:---|:---|
| &nbsp;&nbsp;***Advisory Fee Schedule*** | &nbsp;&nbsp;***Advisory Fee Schedule*** |
| &nbsp;&nbsp;*Daily Net Assets* | &nbsp;&nbsp;*Annual Fee Rate* |
| &nbsp;&nbsp;Up to and including $1.5 billion | &nbsp;&nbsp;1.000% |
| &nbsp;&nbsp;Over $1.5 billion up to and including $3 billion | &nbsp;&nbsp;0.980% |
| &nbsp;&nbsp;Over $3 billion up to and including $5 billion | &nbsp;&nbsp;0.960% |
| &nbsp;&nbsp;Over $5 billion | &nbsp;&nbsp;0.940% |

---

March 16, 2023