Eaton Vance Tax-Advantaged Global Dividend Income Fund Report Of Earnings

Oct 18, 2013, 11:22 ET from Eaton Vance Management

BOSTON, Oct. 18, 2013 /PRNewswire/ -- Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months and nine months ended July 31, 2013. The Fund's fiscal year ends on October 31, 2013.

For the three months ended July 31, 2013, the Fund had net investment income of $39,598,576 ($0.519 per share). For the nine months ended July 31, 2013, the Fund had net investment income of $80,179,930 ($1.051 per share). In comparison, for the three months ended July 31, 2012, the Fund had net investment income of $34,556,315 ($0.453 per share). For the nine months ended July 31, 2012, the Fund had net investment income of $74,052,841 ($0.971 per share). 

Net realized and unrealized losses for the three months ended July 31, 2013 were $11,996,456 ($0.156 per share) and net realized and unrealized gains for the nine months ended July 31, 2013 were $127,959,186 ($1.677 per share). In comparison, net realized and unrealized losses for the three months ended July 31, 2012 were $67,721,822 ($0.883 per share) and net realized and unrealized losses for the nine months ended July 31, 2012 were $14,208,783 ($0.186 per share).

On July 31, 2013, net assets of the Fund were $1,267,170,018. The net asset value per share on July 31, 2013 was $16.61 based on 76,300,214 shares outstanding. In comparison, on July 31, 2012, net assets of the Fund were $1,086,599,855. The net asset value per share on July 31, 2012 was $14.24 based on 76,300,214 shares outstanding.

The Fund periodically makes certain performance data and information about portfolio characteristics available on www.eatonvance.com (on the fund information page under "Individual Investors – Closed-End Funds").  Fund portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end.

The Fund is 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 $273.1 billion in assets as of September 30, 2013, offering individuals and institutions a broad array of investment strategies 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.

EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDEND INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

July 31,

July 31,

2013

2012

2013

2012

Gross investment income

$          44,372

$          39,342

$          94,293

$          88,523

Operating expenses

(3,911)

(3,467)

(11,242)

(10,442)

Interest expense

(862)

(1,319)

(2,871)

(4,028)

Net investment income

$          39,599

$          34,556

$          80,180

$          74,053

Net realized and unrealized gains (losses)

  on investments

$        (11,997)

$        (67,722)

$        127,959

$        (14,209)

Net increase (decrease) in net assets

  from operations

$          27,602

$        (33,166)

$        208,139

$          59,844

Earnings per Share Outstanding

Gross investment income

$            0.582

$            0.516

$            1.236

$            1.161

Operating expenses

(0.051)

(0.046)

(0.147)

(0.137)

Interest expense

(0.012)

(0.017)

(0.038)

(0.053)

Net investment income 

$            0.519

$            0.453

$            1.051

$            0.971

Net realized and unrealized gains (losses)

  on investments

$           (0.156)

$           (0.883)

$            1.677

$           (0.186)

Net increase (decrease) in net assets

  from operations

$            0.363

$           (0.430)

$            2.728

$            0.785

Net Asset Value at July 31

Net assets  

$    1,267,170

$    1,086,600

Shares outstanding 

76,300

76,300

Net asset value per share outstanding

$            16.61

$            14.24

Market Value Summary

Market price on NYSE at July 31

$            16.17

$            13.76

High market price (period ended July 31)

$            16.91

$            14.71

Low market price (period ended July 31)

$            12.81

$            11.97

 

 

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com