ETB: Providing A Distribution Rate Of ~8.5% With Monthly Pay
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Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) offers S&P 500-like exposure with a call-writing strategy, providing an 8.42% distribution yield. Despite a narrowing discount, it remains appealing for long-term, income-focused investors. A cautious dollar-cost averaging approach is suggested.
December 04, 2024 | 6:15 pm
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Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) offers an 8.42% distribution yield with S&P 500-like exposure and a call-writing strategy. It remains appealing for long-term, income-focused investors despite a narrowing discount.
ETB's attractive 8.42% distribution yield and S&P 500-like exposure make it appealing for income-focused investors. The call-writing strategy provides potential gains in both upward and flat markets. Despite a narrowing discount, the fund's strategy and yield are likely to attract investors, potentially driving the price up in the short term.
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