Eaton Vance Tax Managed Global Buy-Write Opportunities Fund (NYSE: ETW), a closed-end investment management company, today announced the earnings of the Fund for the three months ended March 31, 2007. The Fund's fiscal year ends on December 31, 2007.

For the three months ended March 31, 2007, the Fund had net investment income of $5,208,782 or ($0.049) per common share. In comparison, for the three months ended March 31, 2006, the Fund had net investment income of $5,639,205 ($0.053 per common share).

Net realized and unrealized gains for the three months ended March 31, 2007 were $34,152,807 or $0.322 per common share. In comparison, net realized and unrealized gains for the three months ended March 31, 2006 were $90,681,451 ($0.858 per common share).

On March 31, 2007, net assets of the Fund applicable to common shares were $2,070,637,532. The net asset value per common share on March 31, 2007 was $19.48 based on 106,308,067 common shares outstanding. In comparison, on March 31, 2006, net assets of the Fund applicable to common shares were $2,015,400,337. The net asset value per common share on March 31, 2006 was $19.08 based on 105,655,000 common shares outstanding.

The Fund is managed by Eaton Vance Management. Eaton Vance and its affiliates had $144.3 billion in assets under management on March 31, 2007. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Marketing at (617) 482-8260.

EATON VANCE TAX- MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)

 
Three Months Ended Three Months Ended
March 31,   March 31,
2007  2006 
Gross investment income $10,761  $10,920 
Operating expenses ($5,552) ($5,281)
Net investment income (losses) $5,209  $5,639 

Net realized and unrealized gains (losses) on investments

$34,153  $90,681 

Net increase (decrease) in net assets from operations

$39,362  $96,320 
 
Earnings per Common Share Outstanding
Gross investment income $0.101  $0.103 
Operating expenses ($0.052) ($0.050)
Net investment income (losses) $0.049  $0.053 

Net realized and unrealized gains (losses) on investments

$0.322  $0.858 
 

Net increase (decrease) in net assets from operations

$0.371  $0.911 
 
Net Asset Value at March 31 (Common Shares)
Net assets (000) $2,070,638  $2,015,400 
Shares outstanding (000) 106,308  105,655 
Net asset value per share outstanding $19.48  $19.08 
 
Market Value Summary (Common Shares)
Market price on NYSE at March 31 $19.75  $18.13 
High market price (three months ended March 31) $20.34  $18.67 
Low market price (three months ended March 31) $19.47  $17.70