Eaton Vance Tax-Managed Global Diversified Equity Income Fund Report Of Earnings

BOSTON, July 20, 2012 /PRNewswire/ -- Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG) (the "Fund"), a closed-end management investment company, today announced the earnings of the Fund for the three and six months ended April 30, 2012.  The Fund's fiscal year ends on October 31, 2012.

For the three months ended April 30, 2012, the Fund had net investment income of $20,273,219 ($0.067 per share). For the six months ended April 30, 2012, the Fund had net investment income of $30,467,714 ($0.100 per share).  In comparison, for the three months ended April 30, 2011, the Fund had net investment income of $16,018,784 ($0.053 per share).  For the six months ended April 30, 2011, the Fund had net investment income of $23,139,511 ($0.076 per share). 

Net realized and unrealized gains for the three months ended April 30, 2012 were $99,369,789 ($0.333 per share).  Net realized and unrealized gains for the six months ended April 30, 2012 were $183,768,499 ($0.609 per share). In comparison, net realized and unrealized gains for the three months ended April 30, 2011 were $264,462,526 ($0.866 per share).  Net realized and unrealized gains for the six months ended April 30, 2011 were $372,788,000 ($1.221 per share).

On April 30, 2012, net assets of the Fund were $3,163,025,659.  The net asset value per share on April 30, 2012 was $10.36 based on 305,443,010 shares outstanding.  In comparison, on April 30, 2011, net assets of the Fund were $3,739,468,715.  The net asset value per share on April 30, 2011 was $12.24 based on 305,443,010 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 $192.3 billion in assets as of June 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-MANAGED GLOBAL DIVERSIFIED EQUITY INCOME FUND






SUMMARY OF RESULTS OF OPERATIONS






(in thousands, except per share amounts)




















Three Months Ended



Six Months Ended






April 30,



April 30,






2012


2011



2012


2011




Gross investment income

$   28,426


$   25,042



$      46,750


$      41,460




Operating expenses

(8,153)


(9,023)



(16,282)


(18,320)





Net investment income

$   20,273


$   16,019



$      30,468


$      23,140




Net realized and unrealized gains (losses)












  on investments

$   99,370


$ 264,463



$    183,768


$    372,788





Net increase (decrease) in net assets













  from operations

$ 119,643


$ 280,482



$    214,236


$    395,928

















Earnings per Share Outstanding












Gross investment income

$     0.093


$     0.082



$         0.153


$         0.136




Operating expenses


(0.026)


(0.029)



(0.053)


(0.060)





Net investment income 

$     0.067


$     0.053



$         0.100


$         0.076




Net realized and unrealized gains (losses)












  on investments

$     0.333


$     0.866



$         0.609


$         1.221





Net increase (decrease) in net assets













  from operations

$     0.400


$     0.919



$         0.709


$         1.297






























Net Asset Value at April 30













Net assets  






$ 3,163,026


$ 3,739,469





Shares outstanding 






305,443


305,443





Net asset value per share outstanding






$         10.36


$         12.24

















Market Value Summary













Market price on NYSE at April 30






$           8.95


$         11.01





High market price (period ended April 30)






$           9.32


$         11.55





Low market price (period ended April 30)






$           7.86


$           9.99


















SOURCE Eaton Vance Management



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