ETV board exempts share purchases from control share by-law after MA court ruling

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Board voted to exempt all prior and new purchases from Control Share By-Law provisions on a going-forward basis.
Exemption follows Jan 23, 2023 MA Superior Court ruling that Control Share By-Law violates Section 18(i) of the Investment Company Act.
Court granted summary judgment for the funds on Saba Capital's fiduciary duty claim; litigation continues.
Board decided after careful review of the ruling; may take additional actions as appropriate.

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