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

Apr 09, 2013, 10:07 ET from Eaton Vance Management

BOSTON, April 9, 2013 /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 months ended January 31, 2013. The Fund's fiscal year ends on October 31, 2013.

For the three months ended January 31, 2013, the Fund had net investment income of $10,102,989 ($0.033 per share). In comparison, for the three months ended January 31, 2012, the Fund had net investment income of $10,194,495 ($0.033 per share).

Net realized and unrealized gains for the three months ended January 31, 2013 were $206,113,144 ($0.682 per share). In comparison, net realized and unrealized gains for the three months ended January 31, 2012 were $84,398,710 ($0.276 per share).

On January 31, 2013, net assets of the Fund were $3,208,128,327. The net asset value per share on January 31, 2013 was $10.63 based on 301,668,510 shares outstanding. In comparison, on January 31, 2012, net assets of the Fund were $3,130,220,099. The net asset value per share on January 31, 2012 was $10.25 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 $247.8 billion in assets as of January 31, 2013, 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

Three Months Ended

January 31,

January 31,

2013

2012

Gross investment income

$                18,537

$               18,324

Operating expenses

(8,434)

(8,129)

Net investment income

$                10,103

$               10,195

Net realized and unrealized gains (losses)

  on investments

206,113

84,399

Net increase (decrease) in net assets

from operations

$             216,216

$              94,594

Earnings per Share Outstanding

Gross investment income

$                 0.061

$                 0.060

Operating expenses

(0.028)

(0.027)

Net investment income 

$                 0.033

$                 0.033

Net realized and unrealized gains (losses)

  on investments

0.682

0.276

Net increase (decrease) in net assets

  from operations

$                0.715

$                 0.309

Net Asset Value at January 31

Net assets

$         3,208,128

$           3,130,220

Shares outstanding 

301,669

305,443

Net asset value per share outstanding

$                10.63

$                  10.25

Market Value Summary

Market price on NYSE at January 31

$                  9.46

$                    9.03

High market price (period ended January 31)

$                  9.46

$                    9.03

Low market price (period ended January 31)

$                  8.42

$                    7.86

 

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com