EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDEND INCOME FUND BOSTON, Nov. 3, 2014 /PRNewswire/ -- Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months and nine months ended July 31, 2014. The Fund's fiscal year ends on October 31, 2014.
For the three months ended July 31, 2014, the Fund had net investment income of $20,742,287 ($0.272 per share). For the nine months ended July 31, 2014, the Fund had net investment income of $93,855,184 ($1.230 per share). In comparison, for the three months ended July 31, 2013, the Fund had net investment income of $39,598,576 ($0.519 per share). For the nine months ended July 31, 2013, the Fund had net investment income of $80,179,930 ($1.051 per share).
Net realized and unrealized losses for the three months ended July 31, 2014 were $6,614,809 ($0.090 per share) and net realized and unrealized gains for the nine months ended July 31, 2014 were $34,860,050 ($0.457 per share). In comparison, net realized and unrealized losses for the three months ended July 31, 2013 were $11,996,456 ($0.156 per share) and net realized and unrealized gains for the nine months ended July 31, 2013 were $127,959,186 ($1.677 per share).
On July 31, 2014, net assets of the Fund were $1,385,227,214. The net asset value per share on July 31, 2014 was $18.15 based on 76,300,214 shares outstanding. In comparison, on July 31, 2013, net assets of the Fund were $1,267,170,018. The net asset value per share on July 31, 2013 was $16.61 based on 76,300,214 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 $293.6 billion in assets as of September 30, 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-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,
-------- --------
2014 2013 2014 2013
---- ---- ---- ----
Gross investment income $25,808 $44,372 $108,563 $94,293
Operating expenses (4,249) (3,911) (12,268) (11,242)
Interest expense (817) (862) (2,440) (2,871)
---- ---- ------ ------
Net investment income $20,742 $39,599 $93,855 $80,180
Net realized and unrealized gains (losses)
on investments $(6,615) $(11,997) $34,860 $127,959
------- -------- ------- --------
Net increase (decrease) in net
assets
from operations $14,127 $27,602 $128,715 $208,139
Earnings per Share Outstanding
------------------------------
Gross investment income $0.339 $0.582 $1.423 $1.236
Operating expenses (0.056) (0.051) (0.161) (0.147)
Interest expense (0.011) (0.012) (0.032) (0.038)
------ ------ ------ ------
Net investment income $0.272 $0.519 $1.230 $1.051
Net realized and unrealized gains (losses)
on investments $(0.090) $(0.156) $0.457 $1.677
------- ------- ------ ------
Net increase (decrease) in net
assets
from operations $0.182 $0.363 $1.687 $2.728
Net Asset Value at July 31
--------------------------
Net assets $1,385,227 $1,267,170
Shares outstanding 76,300 76,300
Net asset value per share
outstanding $18.15 $16.61
Market Value Summary
--------------------
Market price on NYSE at July 31 $17.33 $16.17
High market price (period ended
July 31) $17.97 $16.91
Low market price (period ended July
31) $15.84 $12.81
SOURCE Eaton Vance Management
