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

13 Dec, 2012, 15:16 ET from Eaton Vance Management

BOSTON, Dec. 13, 2012 /PRNewswire/ -- 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 the nine months ended September 30, 2012. The Fund's fiscal year ends on December 31, 2012.

For the three months ended September 30, 2012, the Fund had net investment income of $4,722,204 ($0.044 per share). For the nine months ended September 30, 2012, the Fund had net investment income of $20,825,070 ($0.194 per share). In comparison, for the three months ended September 30, 2011, the Fund had net investment income of $3,440,144 ($0.032 per share). For the nine months ended September 30, 2011, the Fund had net investment income of $17,624,637 ($0.164 per share).

Net realized and unrealized gains for the three months ended September 30, 2012 were $66,102,050 ($0.622 per share). Net realized and unrealized gains for the nine months ended September 30, 2012 were $120,697,112 ($1.126 per share). In comparison, net realized and unrealized losses for the three months ended September 30, 2011 were $191,980,630 ($1.789 per share). Net realized and unrealized losses for the nine months ended September 30, 2011 were $134,724,809 ($1.256 per share).

On September 30, 2012, net assets of the Fund were $1,354,421,802. The net asset value per share on September 30, 2012 was $12.66 based on 106,948,435 shares outstanding. In comparison, on September 30, 2011, net assets of the Fund were $1,213,461,775. The net asset value per share on September 30, 2011 was $11.32 based on 107,229,535 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 $199.5 billion in assets as of October 31, 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-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,

2012

2011

2012

2011

Gross investment income

$             8,407

$           7,114

$        31,782

$           29,072

Operating expenses

(3,685)

(3,673)

(10,957)

(11,447)

Net investment income

$             4,722

$           3,441

$        20,825

$           17,625

Net realized and unrealized gains (losses)

  on investments

$           66,102

$     (191,981)

$      120,697

$       (134,725)

Net increase (decrease) in net assets

  from operations

$           70,824

$     (188,540)

$      141,522

$       (117,100)

Earnings per Share Outstanding

Gross investment income

$             0.078

$           0.066

$           0.296

$             0.271

Operating expenses

(0.034)

(0.034)

(0.102)

(0.107)

Net investment income 

$             0.044

$           0.032

$           0.194

$             0.164

Net realized and unrealized gains (losses)

  on investments

$             0.622

$          (1.789)

$           1.126

$           (1.256)

Net increase (decrease) in net assets

  from operations

$             0.666

$          (1.757)

$           1.320

$           (1.092)

Net Asset Value at September 30

Net assets  

$   1,354,422

$     1,213,462

Shares outstanding 

106,948

107,230

Net asset value per share outstanding

$           12.66

$             11.32

Market Value Summary

Market price on NYSE at September 30

$           11.10

$               9.76

High market price (period ended September 30)

$           11.56

$             12.62

Low market price (period ended September 30)

$           10.07

$               9.71

 

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com