Eaton Vance Tax-Advantaged Global Dividend Income Fund Report of Earnings

Jan 08, 2010, 13:07 ET from Eaton Vance Management

BOSTON, Jan. 8 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG), a diversified closed-end investment company, today announced the earnings of the Fund for the three months and year ended October 31, 2009. The Fund's fiscal year ends on October 31, 2009.

For the three months ended October 31, 2009, the Fund had net investment income of $9,226,085 ($0.121 per common share). For the year ended October 31, 2009, the Fund had net investment income of $84,991,751 ($1.114 per common share). In comparison, for the three months ended October 31, 2008, the Fund had net investment income of $7,632,997 ($0.100 per common share). For the year ended October 31, 2008, the Fund had net investment income of $165,247,362 ($2.167 per common share). From this amount, the Fund paid dividends on preferred shares of $15,517,433 (equal to $0.203 for each common share), resulting in net investment income after the preferred dividends of $149,729,929 or $1.964 per common share.

Net realized and unrealized gains for the three months ended October 31, 2009 were $71,219,448 ($0.929 per common share) and net realized and unrealized losses for the year ended October 31,2009 were $7,878,931 ($0.108 per common share). In comparison, net realized and unrealized losses for the three months ended October 31, 2008 were $675,992,426 ($8.858 per common share) and net realized and unrealized losses for the year ended October 31, 2008 were $1,317,410,863 ($17.268 per common share).

On October 31, 2009, net assets of the Fund were $1,059,505,352. The net asset value per common share on October 31, 2009 was $13.89 based on 76,265,526 common shares outstanding. In comparison, on October 31, 2008, net assets of the Fund were $1,093,465,644. The net asset value per common share on October 31, 2008 was $14.34 based on 76,265,526 common shares outstanding.

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 $154.9 billion in assets as of October 31, 2009, offering individuals and institutions a broad array of investment products 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-ADVANTAGED GLOBAL DIVIDEND INCOME FUND
                      SUMMARY OF RESULTS OF OPERATIONS
                  (in thousands, except per share amounts)

                           Three Months Ended         Year Ended
                               October 31,           October 31,
                               -----------           -----------
                              2009       2008        2009         2008
                              ----       ----        ----         ----
    Gross investment
     income                $13,443    $16,693    $103,164     $197,338
    Operating expenses      (2,658)    (4,111)    (10,061)     (19,632)
    Interest expense        (1,559)    (4,949)     (8,111)     (12,459)
                            ------     ------      ------      -------
      Net investment
       income               $9,226     $7,633     $84,992     $165,247
    Net realized and
     unrealized gains
    (losses) on
     investments           $71,219  $(675,993)    $(7,879) $(1,317,411)
    Preferred dividends
     paid (1)                    -          -           -      (15,517)
                            ------    -------      ------      -------
      Net increase (decrease)
       in net assets
       from operations     $80,445  $(668,360)    $77,113  $(1,167,681)
                           =======  =========     =======  ===========

    Earnings per Common Share Outstanding
    -------------------------------------
    Gross investment
     income                 $0.176     $0.219      $1.352       $2.588
    Operating expenses      (0.035)    (0.054)     (0.132)      (0.258)
    Interest expense        (0.020)    (0.065)     (0.106)      (0.163)
                            ------     ------      ------       ------
      Net investment
       income               $0.121     $0.100      $1.114       $2.167
    Net realized and
     unrealized gains
     (losses)
      on investments        $0.929    $(8.858)    $(0.108)    $(17.268)
    Preferred dividends
     paid (1)                    -          -           -       (0.203)
                             -----     ------      ------       ------
      Net increase (decrease)
       in net assets
       from operations      $1.050    $(8.758)     $1.006     $(15.304)
                            ======    =======      ======     ========

    Net investment income   $0.121     $0.100      $1.114       $2.167
    Preferred dividends
     paid (1)                    -          -           -       (0.203)
                             -----      -----       -----       ------
    Net investment income
     after preferred
     dividends              $0.121     $0.100      $1.114       $1.964
                            ======     ======      ======       ======


    Net Asset Value at October 31 (Common Shares)
    ----------------------------------------------
     Net assets                               $1,059,505   $1,093,466
     Shares outstanding                           76,266       76,266
     Net asset value per share outstanding        $13.89       $14.34

    Market Value Summary (Common Shares)
    -------------------------------------
     Market price on NYSE at October 31           $12.55       $12.30
     High market price (period ended October 31)  $13.52       $27.67
     Low market price (period ended October 31)    $6.31        $9.69

    (1)  As of April 14, 2008, all series of preferred shares had
         been redeemed.

SOURCE Eaton Vance Management



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