Eaton Vance Tax-Advantaged Global Dividend Income Fund Report of Earnings
Fri Oct 2, 2:33 PM
BOSTON, Oct. 2 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG), a closed-end investment company, today announced the earnings of the Fund for the three months ended July 31, 2009 and the nine months ended July 31, 2009. The Fund's fiscal year ends on October 31, 2009.
For the three months ended July 31, 2009, the Fund had net investment income of $25,858,218 ($0.339 per common share). For the nine months ended July 31, 2009, the Fund had net investment income of $75,765,666 ($0.993 per common share). In comparison, for the three months ended July 31, 2008, the Fund had net investment income of $69,467,619 ($0.911 per common share). For the nine months ended July 31, 2008, the Fund had net investment income of $157,614,365 ($2.067 per common share). From this amount, the Fund paid dividends on preferred shares of $15,516,753 (equal to $0.203 per common share), resulting in net investment income after preferred dividends of $142,097,612 or $1.864 per common share.
Net realized and unrealized gains for the three months ended July 31, 2009 were $162,617,101 ($2.136 per common share) and net realized and unrealized losses for the nine months ended July 31, 2009 were $79,098,379 ($1.037 per common share). In comparison, net realized and unrealized losses for the three months ended July 31, 2008 were $288,415,603 ($3.780 per common share). The Fund's net realized and unrealized losses for the nine months ended July 31, 2008 were $641,418,437 ($8.410 per common share).
On July 31, 2009, net assets of the Fund were $1,002,511,466. The net asset value per common share on July 31, 2009 was $13.15 based on 76,265,527 common shares outstanding. In comparison, on July 31, 2008, net assets of the Fund were $1,794,726,021. The net asset value per common share on July 31, 2008 was $23.53 based on 76,265,527 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 $147.7 billion in assets as of August 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 Nine Months Ended
July 31, July 31,
-------- --------
2009 2008 2009 2008
---- ---- ---- ----
Gross investment income $30,272 $79,261 $89,721 $180,645
Operating expenses (2,578) (4,818) (7,403) (15,521)
Interest expense (1,836) (4,976) (6,552) (7,510)
------ ------ ------ ------
Net investment income $25,858 $69,467 $75,766 $157,614
Net realized and unrealized
gains (losses) on
investments $162,617 $(288,416) $(79,098) $(641,418)
Preferred dividends paid (1) - - - (15,517)
--- --- --- -------
Net increase (decrease)
in net assets from
operations $188,475 $(218,949) $(3,332) $(499,321)
======== ========= ======= =========
Earnings per Common Share
Outstanding
-------------------------
Gross investment income $0.397 $1.039 $1.176 $2.369
Operating expenses (0.034) (0.063) (0.097) (0.204)
Interest expense (0.024) (0.065) (0.086) (0.098)
------ ------ ------ ------
Net investment income $0.339 $0.911 $0.993 $2.067
Net realized and unrealized
gains (losses) on
investments $2.136 $(3.780) $(1.037) $(8.410)
Preferred dividends paid (1) - - - (0.203)
--- --- --- ------
Net increase (decrease) in
net assets from operations $2.475 $(2.869) $(0.044) $(6.546)
====== ======= ======= =======
Net investment income $0.339 $0.911 $0.993 $2.067
Preferred dividends paid (1) - - - (0.203)
--- --- --- ------
Net investment income after
preferred dividends $0.339 $0.911 $0.993 $1.864
====== ====== ====== ======
Net Asset Value at July 31
(Common Shares )
--------------------------
Net assets $1,002,511 $1,794,726
Shares outstanding 76,266 76,266
Net asset value per share
outstanding $13.15 $23.53
Market Value Summary (Common Shares )
-------------------------------------
Market price on NYSE at July 31 $12.03 $20.66
High market price (period ended July 31) $12.56 $27.67
Low market price (period ended July 31) $6.31 $19.77
(1) As of April 14, 2008, all series of preferred shares had been
redeemed.
SOURCE Eaton Vance Management
158.94 (1.43%)
