Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Report of Earnings

Dec 23, 2010, 13:43 ET from Eaton Vance Management

BOSTON, Dec. 23, 2010 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW), a closed-end management investment company, today announced the earnings of the Fund for the three and nine months ended September 30, 2010.  The Fund's fiscal year ends on December 31, 2010.

For the three months ended September 30, 2010, the Fund had net investment income of $2,987,481 ($0.028 per share). For the nine months ended September 30, 2010, the Fund had net investment income of $13,924,565 ($0.130 per share). In comparison, for the three months ended September 30, 2009, the Fund had net investment income of $2,741,070 ($0.025 per share). For the nine months ended September 30, 2009, the Fund had net investment income of $18,230,569 ($0.171 per share).  

Net realized and unrealized gains for the three months ended September 30, 2010 were $172,062,588 ($1.611 per share). Net realized and unrealized losses for the nine months ended September 30, 2010 were $148,414 ($0.001 per share). In comparison, net realized and unrealized gains for the three months ended September 30, 2009 were $130,839,781 ($1.230 per share). Net realized and unrealized gains for the nine months ended September 30, 2009 were $225,778,216 ($2.124 per share).

On September 30, 2010, net assets of the Fund were $1,372,447,464. The net asset value per share on September 30, 2010 was $12.80 based on 107,229,535 shares outstanding. In comparison, on September 30, 2009, net assets of the Fund were $1,424,480,321. The net asset value per share on September 30, 2009 was $13.40 based on 106,308,067 shares outstanding.

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 $185.2 billion in assets as of October 31, 2010, 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 MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

September 30,

September 30,

2010

2009

2010

2009

Gross investment income

$     6,710

$     6,613

$      25,292

$      28,938

Operating expenses

(3,723)

(3,872)

(11,367)

(10,707)

Net investment income

$     2,987

$     2,741

$      13,925

$      18,231

Net realized and unrealized gains (losses)

 on investments

$ 172,063

$ 130,846

$         (148)

$    225,778

Net increase (decrease) in net assets

 from operations

$ 175,050

$ 133,587

$      13,777

$    244,009

Earnings per Share Outstanding

Gross investment income

$     0.062

$     0.062

$        0.236

$        0.272

Operating expenses

(0.034)

(0.037)

(0.106)

(0.101)

Net investment income

$     0.028

$     0.025

$        0.130

$        0.171

Net realized and unrealized gains (losses)

 on investments

$     1.611

$     1.230

$      (0.001)

$        2.124

Net increase (decrease) in net assets

 from operations

$     1.639

$     1.255

$        0.129

$        2.295

Net Asset Value at September 30

Net assets

$ 1,372,447

$ 1,424,480

Shares outstanding

107,230

106,308

Net asset value per share outstanding

$        12.80

$        13.40

Market Value Summary

Market price on NYSE at September 30

$        12.86

$        13.75

High market price (period ended September 30)

$        14.18

$        14.49

Low market price (period ended September 30)

$        10.83

$          7.84

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com