BOSTON, Oct. 6, 2011 /PRNewswire/ -- 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 and nine-month periods ended
July 31, 2011. The Fund's
fiscal year ends on October 31,
2011.
For the three months ended July 31,
2011, the Fund had net investment income of $45,146,363 ($0.592
per share). For the nine months ended July 31, 2011, the Fund had net investment income
of $88,857,637 ($1.165 per share). In comparison, for the
three months ended July 31, 2010, the
Fund had net investment income of $48,552,782 ($0.636
per share). For the nine months ended July 31, 2010, the Fund had net investment income
of $84,689,374 ($1.110 per share).
Net realized and unrealized losses for the three months ended
July 31, 2011 were $125,833,207 ($1.643 per share) and net realized and unrealized
gains for the nine months ended July 31,
2011 were $31,225,431
($0.409 per share). In
comparison, net realized and unrealized losses for the three months
ended July 31, 2010 were $75,775,281 ($0.998
per share) and net realized and unrealized losses for the nine
months ended July 31, 2010 were
$7,414,524 ($0.097 per share).
On July 31, 2011, net assets of
the Fund were $1,205,499,988.
The net asset value per share on July
31, 2011 was $15.80 based on
76,300,214 shares outstanding. In comparison, on July 31, 2010, net assets of the Fund were
$1,066,475,516. The net asset
value per share on July 31, 2010 was
$13.98 based on 76,265,526 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 calendar quarter-end are also posted to the website
approximately 30 days following quarter-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 $199.0
billion in assets as of July 31,
2011, offering individuals and institutions a broad array of
investment strategies and wealth management solutions. The
Company's long record of providing exemplary service and attractive
returns through a variety of market conditions has made Eaton Vance
the investment manager of choice for many of today's most
discerning investors. For more information about Eaton Vance,
visit www.eatonvance.com.
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EATON VANCE
TAX-ADVANTAGED GLOBAL DIVIDEND INCOME FUND
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SUMMARY OF
RESULTS OF OPERATIONS
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(in
thousands, except per share amounts)
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Three Months
Ended
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Nine Months
Ended
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July
31,
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July
31,
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2011
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2010
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2011
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2010
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Gross investment
income
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$
49,779
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$
52,682
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$
102,558
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$
96,677
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Operating expenses
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(3,563)
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(3,269)
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(10,412)
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(9,043)
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Interest expense
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(1,069)
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(861)
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(3,288)
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(2,945)
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Net investment income
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$
45,147
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$
48,552
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$
88,858
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$
84,689
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Net realized and unrealized
gains (losses)
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on investments
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$
(125,834)
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$
(75,776)
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$
31,225
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$
(7,415)
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Net increase (decrease) in net
assets
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from operations
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$
(80,687)
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$
(27,224)
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$
120,083
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$
77,274
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Earnings per Share
Outstanding
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Gross investment
income
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$
0.652
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$
0.691
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$
1.344
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$
1.268
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Operating expenses
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(0.046)
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(0.043)
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(0.136)
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(0.119)
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Interest expense
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(0.014)
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(0.012)
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(0.043)
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(0.039)
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Net investment income
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$
0.592
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$
0.636
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$
1.165
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$
1.110
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Net realized and unrealized
gains (losses)
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on investments
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$
(1.643)
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$
(0.998)
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$
0.409
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$
(0.097)
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Net increase (decrease) in net
assets
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from operations
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$
(1.051)
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$
(0.362)
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$
1.574
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$
1.013
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Net Asset Value at July
31
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Net assets
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$
1,205,500
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$
1,066,476
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Shares outstanding
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76,300
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76,266
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Net asset value per share
outstanding
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$
15.80
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$
13.98
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Market Value Summary
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Market price on NYSE at July
31
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$
14.44
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$
13.18
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High market price (period ended
July 31)
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$
15.67
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$
14.77
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Low market price (period ended
July 31)
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$
13.75
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$
11.61
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SOURCE Eaton Vance Tax-Advantaged Global Dividend Income
Fund