Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Report of Earnings
Fri Oct 2, 2:42 PM
BOSTON, Oct. 2 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO), 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 $5,182,099 ($0.357 per common share). For the nine months ended July 31, 2009, the Fund had net investment income of $19,458,426 ($1.340 per common share). In comparison, for the three months ended July 31, 2008, the Fund had net investment income of $11,921,190 ($0.821 per common share). For the nine months ended July 31, 2008, the Fund had net investment income of $34,456,676 ($2.373 per common share). From this amount, the Fund paid dividends on preferred shares of $2,898,188 (equal to $0.200 for each common share), resulting in net investment income after the preferred dividends of $31,558,488 or $2.173 per common share.
Net realized and unrealized gains for the three months ended July 31, 2009 were $45,139,847 ($3.109 per common share) and net realized and unrealized gains for the nine months ended July 31, 2009 were $420,957 ($0.029 per common share). In comparison, net realized and unrealized losses for the three months ended July 31, 2008 were $62,706,812 ($4.321 per common share) and net realized and unrealized losses for the nine months ended July 31, 2008 were $106,506,321 ($7.336 per common share).
On July 31, 2009, net assets of the Fund were $265,705,952. The net asset value per common share on July 31, 2009 was $18.30 based on 14,519,257 common shares outstanding. In comparison, on July 31, 2008, net assets of the Fund were $443,257,024. The net asset value per common share on July 31, 2008 was $30.53 based on 14,519,257 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 OPPORTUNITIES 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 $6,274 $14,073 $22,817 $39,565
Operating expenses (692) (1,187) (1,927) (3,687)
Interest expense (400) (964) (1,432) (1,421)
---- ---- ------ ------
Net investment income $5,182 $11,922 $19,458 $34,457
Net realized and unrealized
gains (losses) on investments $45,140 $(62,706) $421 $(106,506)
Preferred dividends paid (1) - - - (2,898)
- - - ------
Net increase (decrease) in
net assets from operations $50,322 $(50,784) $19,879 $(74,947)
======= ======== ======= ========
Earnings per Common Share
Outstanding
----------------------------
Gross investment income $0.433 $0.969 $1.572 $2.725
Operating expenses (0.048) (0.082) (0.133) (0.254)
Interest expense (0.028) (0.066) (0.099) (0.098)
------ ------ ------ ------
Net investment income $0.357 $0.821 $1.340 $2.373
Net realized and unrealized
gains (losses)
on investments $3.109 $(4.321) $0.029 $(7.336)
Preferred dividends paid (1) - - - (0.200)
- - - ------
Net increase (decrease) in
net assets from operations $3.466 $(3.500) $1.369 $(5.163)
====== ======= ====== =======
Net investment income $0.357 $0.821 $1.340 $2.373
Preferred dividends paid (1) - - - (0.200)
- - - ------
Net investment income after
preferred dividends $0.357 $0.821 $1.340 $2.173
====== ====== ====== ======
Net Asset Value at July 31
(Common Shares )
-------------------------------
Net assets $265,706 $443,257
Shares outstanding 14,519 14,519
Net asset value per share
outstanding $18.30 $30.53
Market Value Summary (Common
Shares)
-------------------------------
Market price on NYSE at
July 31 $16.64 $27.60
High market price (period
ended July 31) $16.64 $35.35
Low market price (period ended
July 31) $8.92 $26.24
(1) As of April 23, 2008, all series of preferred shares had been
redeemed.
SOURCE Eaton Vance Management
158.94 (1.43%)
