Eaton Vance Tax-Managed Buy-Write Income Fund vs Peapack-Gladstone Financial

This page compares Eaton Vance Tax-Managed Buy-Write Income Fund and Peapack-Gladstone Financial, examining their business models, financial performance, and market context in a neutral, accessible way. Educational content, not financial advice.

Comparison Snapshot

Key Financial Metrics

ETB

Metric

PGC

$442.38M

Market Cap

$509.18M

N/A

Potential Profit

15.97%

N/A

Analyst Rating

Strong Buy

Investment Analysis

Eaton Vance Tax-Managed Buy-Write Income Fund

ETB

Pros

Offers a high trailing dividend yield of around 8.5–9.2%, appealing to income-focused investors seeking regular cash flow.
Trades at a material discount to net asset value, potentially providing a margin of safety for value-oriented buyers.
Employs a tax-managed covered call strategy, aiming to minimise and defer federal income taxes for shareholders.

Considerations

The covered call strategy can cap upside participation in strong equity bull markets, leading to relative underperformance versus the broader market.
Distributions may include a significant return of capital, which could affect the sustainability of the current payout level.
Closed-end fund structure means share price can deviate from NAV and may exhibit higher volatility or illiquidity versus open-end funds.

Peapack-Gladstone Financial

PGC

Pros

We are unable to retrieve recent, specific information on Peapack-Gladstone Financial at this time.
We are unable to retrieve recent, specific information on Peapack-Gladstone Financial at this time.
We are unable to retrieve recent, specific information on Peapack-Gladstone Financial at this time.

Considerations

We are unable to retrieve recent, specific information on Peapack-Gladstone Financial at this time.
We are unable to retrieve recent, specific information on Peapack-Gladstone Financial at this time.
We are unable to retrieve recent, specific information on Peapack-Gladstone Financial at this time.

About The Companies

Eaton Vance Tax-Managed Buy-Write Income Fund (ETB)

Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) is a closed-end fund designed for investors seeking current income and potential capital gains. Its core strategy is known as 'buy-write,' where the fund owns a portfolio of common stocks and simultaneously sells call options on those holdings. This approach aims to generate a consistent stream of income from the premiums received for selling the options. The fund primarily invests in a diversified portfolio of US stocks, with a stated goal of exceeding the total return of the S&P 500 index. A secondary objective is capital appreciation, although the buy-write strategy can sometimes limit upside potential in strong bull markets. As its name suggests, the fund is 'tax-managed,' meaning it tries to minimise the tax burden for its shareholders. It's a vehicle for those interested in a strategy that generates regular cash flow, but as with any investment, its value can fall as well as rise.

Peapack-Gladstone Financial (PGC)

Peapack-Gladstone Financial Corp (PGC) is a regional bank holding company that provides commercial and consumer banking, mortgage lending and wealth management services primarily in the New Jersey and neighbouring markets. With a market capitalisation of roughly $491.69M, it operates through community-focused branches and fee-based advisory businesses to diversify revenue beyond interest income. Investors should note the company’s exposure to loan performance, deposit trends and local economic conditions; earnings can be sensitive to interest-rate moves and credit cycles. Like many regional banks, PGC may pay dividends, but distributions depend on earnings, capital requirements and regulator approval. For those considering exposure, review recent financial statements, capital ratios, loan portfolio composition and local market trends. This summary is educational and not personalised investment advice — values can fall as well as rise and past distributions are not guaranteed.

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Which Baskets Do They Appear In?

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6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

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Eaton Vance Tax-Managed Buy-Write Income Fund vs Peapack-Gladstone Financial

Comparison Snapshot

Investment Analysis

Eaton Vance Tax-Managed Buy-Write Income Fund

Pros

Considerations

Peapack-Gladstone Financial

Pros

Considerations

About The Companies

Which Baskets Do They Appear In?

Which Baskets Do They Appear In?

Buy ETB or PGC in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Discover More Comparisons

Eaton Vance Tax-Managed Buy-Write Income Fund vs BlackRock Municipal Income Trust

BlackRock Municipal Income Trust vs Peapack-Gladstone Financial

Frequently asked questions

What is the fundamental difference between the two stocks in this comparison?

How does the tax-managed covered call strategy affect potential returns for Stock A?

What does it mean for a fund to trade at a discount to net asset value (NAV)?

Why might Stock A’s distributions include a return of capital, and what does that imply?

What are the typical risks of a closed-end fund like Stock A compared with an open-end fund or stock type?

How should one compare income yield versus capital growth when evaluating Stock A?

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Comparison Snapshot

About The Companies