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

Apr 16, 2014, 12:24 ET from Eaton Vance Management

BOSTON, April 16, 2014 /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 months ended January 31, 2014. The Fund's fiscal year ends on October 31, 2014.

For the three months ended January 31, 2014, the Fund had net investment income of $4,826,528 ($0.016 per share). In comparison, for the three months ended January 31, 2013, the Fund had net investment income of $10,102,989 ($0.033 per share).

Net realized and unrealized gains for the three months ended January 31, 2014 were $20,877,441 ($0.069 per share). In comparison, net realized and unrealized gains for the three months ended January 31, 2013 were $206,113,144 ($0.682 per share).

On January 31, 2014, net assets of the Fund were $3,212,963,900. The net asset value per share on January 31, 2014 was $10.66 based on 301,458,010 shares outstanding. In comparison, 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.

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 $285.4 billion in assets as of March 31, 2014, 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,

2014

2013

Gross investment income

$                            13,670

$                            18,537

Operating expenses

(8,843)

(8,434)

Net investment income

$                              4,827

$                            10,103

Net realized and unrealized gains (losses)

  on investments

20,877

206,113

Net increase (decrease) in net assets

  from operations

$                            25,704

$                         216,216

Earnings per Share Outstanding

Gross investment income

$                              0.045

$                              0.061

Operating expenses

(0.029)

(0.028)

Net investment income 

$                              0.016

$                              0.033

Net realized and unrealized gains (losses)

  on investments

0.069

0.682

Net increase (decrease) in net assets

  from operations

$                              0.085

$                              0.715

Net Asset Value at January 31

Net assets

$                      3,212,964

$                      3,208,128

Shares outstanding 

301,458

301,669

Net asset value per share outstanding

$                              10.66

$                              10.63

Market Value Summary

Market price on NYSE at January 31

$                                9.81

$                                9.46

High market price (period ended January 31)

$                              10.32

$                                9.46

Low market price (period ended January 31)

$                                9.58

$                                8.42

 

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com