Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund March 2009 Distribution

PR Newswire

posted: 242 DAYS 6 HOURS AGO

BOSTON, March 31 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW), today announced important information concerning its distribution declared in March 2009. This press release is issued as required by the Fund's managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make quarterly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the March distribution. It is not determinative of the tax character of the Fund's distributions for the 2009 calendar year. Shareholders should note that the Fund's total regular distribution amount is subject to change as a result of market conditions or other factors.

The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources, including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Distribution Period: March 2009

Distribution Amount per Common Share: $0.450

The following table sets forth an estimate of the sources of the Fund's March distribution and its cumulative distributions paid this fiscal year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.

            Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
            -----------------------------------------------------------
                                                                   % of the
                                               Cumulative         Cumulative
                                             Distributions for   Distributions
                  Current    % of Current      the Fiscal       for the Fiscal
    Source     Distribution  Distribution    Year-to-Date(1)   Year-to-Date(1)
    Net
     Investment
     Income       $0.098         21.8%            $0.098              21.8%
    Net Realized
     Short-Term
     Capital
     Gains        $0.146         32.4%            $0.146              32.4%
    Net Realized
     Long-Term
     Capital
     Gains        $0.000          0.0%            $0.000               0.0%
    Return of
     Capital or
     Other
     Capital
     Source(s)    $0.206         45.8%            $0.206              45.8%
    Total per
     common
     share        $0.450        100.0%            $0.450             100.0%

    (1)    The Fund's fiscal year is January 1, 2009 to December 31, 2009

IMPORTANT DISCLOSURE: You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Plan. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.' The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and/or tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Set forth in the table below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods.

    Average annual total return at NAV for the period from
     inception through February 28, 2009(1)                         -4.02%
    Annualized current distribution rate expressed as a percentage
     of NAV as of February 28, 2009(2)                              16.50%
    Cumulative total return at NAV for the fiscal year through
     February 28, 2009(3)                                          -12.37%
    Cumulative fiscal year to date distribution rate as a
     percentage of NAV as of February 28, 2009(4)                    0.00%

    (1) Average annual total return at NAV represents the simple arithmetic
        average of the annual NAV total returns of the Fund for the period
        from inception (9/30/2005) through February 28, 2009.
    (2) The annualized current distribution rate is the cumulative
        distribution rate annualized as a percentage of the Fund's NAV as
        of February 28, 2009.
    (3) Cumulative total return at NAV is the percentage change in the Fund's
        NAV for the period from the beginning of its year to February 28,
        2009 including distributions paid and assuming reinvestment of those
        distributions.
    (4) Cumulative fiscal year distribution rate for the period from the
        beginning of its year to February 28, 2009 measured on the dollar
        value of distributions in the year-to-date period as a percentage
        of the Fund's NAV as of February 28, 2009.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $121.9 billion in assets as of January 31, 2009, offering individuals and institutions a broad array of investment products and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Management