At a meeting on March 15, 2022, the Eaton Vance Tax-Managed Buy-Write Strategy Fund's Board of Trustees appointed Nancy A. Wiser as an independent Trustee. Ms. Wiser commenced her service on the Board on April 4, 2022. The Board has determined that Ms. Wiser is not an interested person as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended.

The company also announced that effective on or about July 1, 2022, pursuant to a retirement policy adopted by the Board, Helen Frame Peters and William H. Park are expected to retire as Trustees.