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

16 Oct, 2012, 13:22 ET from Eaton Vance Management

BOSTON, Oct. 16, 2012 /PRNewswire/ -- Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO), a diversified closed-end investment company, today announced the earnings of the Fund for the three and nine months ended July 31, 2012. The Fund's fiscal year ends on October 31, 2012.

For the three months ended July 31, 2012, the Fund had net investment income of $6,372,604 ($0.439 per share). For the nine months ended July 31, 2012, the Fund had net investment income of $16,908,772 ($1.165 per share). In comparison, for the three months ended July 31, 2011, the Fund had net investment income of $10,157,345 ($0.700 per share). For the nine months ended July 31, 2011, the Fund had net investment income of $20,075,076 ($1.383 per share).

Net realized and unrealized losses for the three months ended July 31, 2012 were $10,800,584 ($0.737 per share) and net realized and unrealized gains for the nine months ended July 31, 2012 were $3,588,329 ($0.247 per share). In comparison, net realized and unrealized losses for the three months ended July 31, 2011 were $34,700,955 ($2.388 per share) and net realized and unrealized gains for the nine months ended July 31, 2011 were $12,758,143 ($0.879 per share).

On July 31, 2012, net assets of the Fund were $309,064,676. The net asset value per share on July 31, 2012 was $21.29 based on 14,519,257 shares outstanding. In comparison, on July 31, 2011, net assets of the Fund were $336,744,950.  The net asset value per share on July 31, 2011 was $23.19 based on 14,519,257 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 calendar quarter-end are also posted to the website approximately 30 days following quarter-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 $198.2 billion in assets as of September 30, 2012 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 OPPORTUNITIES FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

July 31,

July 31,

2012

2011

2012

2011

Gross investment income

$             7,761

$         12,896

$        20,997

$           25,281

Operating expenses

(1,017)

(2,437)

(2,955)

(4,283)

Interest expense 

(372)

(302)

(1,134)

(923)

Net investment income

$             6,372

$         10,157

$        16,908

$           20,075

Net realized and unrealized gains (losses)

  on investments

$          (10,801)

($34,701)

$           3,588

$12,758

Net increase (decrease) in net assets

  from operations

$            (4,429)

$        (24,544)

$        20,496

$           32,833

Earnings per Share Outstanding

Gross investment income

$             0.534

$           0.888

$           1.446

$             1.741

Operating expenses

(0.069)

(0.168)

(0.203)

(0.295)

Interest expense

(0.026)

(0.020)

(0.078)

(0.063)

Net investment income 

$             0.439

$           0.700

$           1.165

$             1.383

Net realized and unrealized gains (losses)

  on investments

$            (0.737)

$          (2.388)

$           0.247

$             0.879

Net increase (decrease) in net assets

  from operations

$            (0.298)

$          (1.688)

$           1.412

$             2.262

Net Asset Value at July 31

Net assets  

$      309,065

$        336,745

Shares outstanding 

14,519

14,519

Net asset value per share outstanding

$           21.29

$             23.19

Market Value Summary 

Market price on NYSE at July 31

$           18.81

$             20.74

High market price (period ended July 31)

$           19.94

$             22.95

Low market price (period ended July 31)

$           15.96

$             19.64

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com