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

BOSTON, Oct. 15, 2012 /PRNewswire/ -- Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG), a closed-end management 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 $20,191,254 ($0.066 per share). For the nine months ended July 31, 2012, the Fund had net investment income of $50,658,968 ($0.166 per share).  In comparison, for the three months ended July 31, 2011, the Fund had net investment income of $29,113,665 ($0.095 per share). For the nine months ended July 31, 2011, the Fund had net investment income of $52,253,176 ($0.171 per share). 

Net realized and unrealized losses for the three months ended July 31, 2012 were $64,941,837 ($0.213 per share).  Net realized and unrealized gains for the nine months ended July 31, 2012 were $118,826,662 ($0.389 per share). In comparison, net realized and unrealized losses for the three months ended July 31, 2011 were $222,377,576 ($0.729 per share).  Net realized and unrealized gains for the nine months ended July 31, 2011 were $150,410,424 ($0.492 per share).

On July 31, 2012, net assets of the Fund were $3,043,746,982.  The net asset value per share on July 31, 2012 was $9.97 based on 305,443,010 shares outstanding.  In comparison, On July 31, 2011, net assets of the Fund were $3,459,367,356.  The net asset value per share on July 31, 2011 was $11.33 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 $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-MANAGED GLOBAL DIVERSIFIED EQUITY INCOME 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




$           28,153


$         38,466


$        74,903


$           79,926

Operating expenses





(7,962)


(9,353)


(24,244)


(27,673)


Net investment income



$           20,191


$         29,113


$        50,659


$           52,253

Net realized and unrealized gains (losses)









on investments





$          (64,942)


$     (222,378)


$      118,827


$         150,410


Net increase (decrease) in net assets









from operations




$          (44,751)


$     (193,265)


$      169,486


$         202,663














Earnings per Share Outstanding










Gross investment income




$             0.092


$           0.126


$           0.245


$             0.262

Operating expenses





(0.026)


(0.031)


(0.079)


(0.091)


Net investment income 



$             0.066


$           0.095


$           0.166


$             0.171

Net realized and unrealized gains (losses)









on investments





$            (0.213)


$          (0.729)


$           0.389


$             0.492


Net increase (decrease) in net assets









  from operations




$            (0.147)


$          (0.634)


$           0.555


$             0.663



























Net Asset Value at July 31












Net assets  








$   3,043,747


$     3,459,367


Shares outstanding 







305,443


305,443


Net asset value per share outstanding





$             9.97


$             11.33














Market Value Summary 












Market price on NYSE at July 31






$             8.53


$               9.96


High market price (period ended July 31)





$             9.32


$             11.55


Low market price (period ended July 31)





$             7.81


$               9.96

SOURCE Eaton Vance Management



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