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

Oct 06, 2010, 15:23 ET from Eaton Vance Management

BOSTON, Oct. 6 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO), a diversified closed-end investment company, today announced the earnings of the Fund for the three and nine-month periods ended July 31, 2010.  The Fund's fiscal year ends on October 31, 2010.

For the three months ended July 31, 2010, the Fund had net investment income of $7,382,631 ($0.508 per share).  For the nine months ended July 31, 2010, the Fund had net investment income of $18,210,333 ($1.254 per share).  In comparison, for the three months ended July 31, 2009, the Fund had net investment income of $5,182,099 ($0.357 per share).  For the nine months ended July 31, 2009, the Fund had net investment income of $19,458,426 ($1.340 per share).  

Net realized and unrealized losses for the three months ended July 31, 2010 were $26,381,977 ($1.820 per share) and net realized and unrealized gains for the nine months ended July 31, 2010 were $6,739,749 ($0.464 per share).  In comparison, net realized and unrealized gains for the three months ended July 31, 2009 were $45,139,847 ($3.109 per share) and net realized and unrealized gains for the nine months ended July 31, 2009 were $420,957 ($0.029 per share).  

On July 31, 2010, net assets of the Fund were $295,466,667.  The net asset value per share on July 31, 2010 was $20.35 based on 14,519,257 shares outstanding.  In comparison, on July 31, 2009, net assets of the Fund were $265,705,952.  The net asset value per share on July 31, 2009 was $18.30 based on 14,519,257 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 $173.3 billion in assets as of July 31, 2010, 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-ADVANTAGED GLOBAL DIVIDEND OPPORTUNITIES FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

July 31,

July 31,

2010

2009

2010

2009

Gross investment income

$    8,536

$   6,274

$   21,500

$   22,817

Operating expenses

(950)

(692)

(2,551)

(1,927)

Interest expense

(203)

(400)

(739)

(1,432)

Net investment income

$    7,383

$   5,182

$   18,210

$   19,458

Net realized and unrealized gains (losses) on investments

$ (26,382)

$ 45,140

$     6,740

$        421

Net increase (decrease) in net assets from operations  

$ (18,999)

$ 50,322

$   24,950

$   19,879

Earnings per Share Outstanding

Gross investment income

$    0.588

$   0.433

$     1.481

$     1.572

Operating expenses

(0.066)

(0.048)

(0.176)

(0.133)

Interest expense

(0.014)

(0.028)

(0.051)

(0.099)

Net investment income

$    0.508

$   0.357

$     1.254

$     1.340

Net realized and unrealized gains (losses) on investments

$   (1.820)

$   3.109

$     0.464

$     0.029

Net increase (decrease) in net assets from operations

$   (1.312)

$   3.466

$     1.718

$     1.369

Net Asset Value at July 31

Net assets  

$ 295,467

$ 265,706

Shares outstanding

14,519

14,519

Net asset value per share outstanding

$     20.35

$     18.30

Market Value Summary

Market price on NYSE at July 31

$     18.77

$     16.64

High market price (period ended July 31)

$     21.17

$     16.64

Low market price (period ended July 31)

$     17.00

$       8.92

SOURCE Eaton Vance Management



RELATED LINKS

http://www.eatonvance.com