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

News provided by

Eaton Vance Management

Apr 05, 2011, 12:36 ET

BOSTON, April 5, 2011 /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 ended January 31, 2011.  The Fund's fiscal year ends on October 31, 2011.

For the three months ended January 31, 2011, the Fund had net investment income of $15,679,409 ($0.205 per common share).  In comparison, for the three months ended January 31, 2010, the Fund had net investment income of $15,162,812 ($0.198 per share).

Net realized and unrealized gains for the three months ended January 31, 2011 were $43,473,753 ($0.570 per common share).  In comparison, net realized and unrealized gains for the three months ended January 31, 2010 were $8,040,714 ($0.105 per common share).

On January 31, 2011, net assets of the Fund were $1,191,494,714.  The net asset value per share on January 31, 2011 was $15.62 based on 76,300,214 shares outstanding.  In comparison, on January 31, 2010, net assets of the Fund were $1,059,256,475.  The net asset value per share on January 31, 2010 was $13.89 based on 76,265,526 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 $191.7 billion in assets as of January 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.

EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDEND INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)







Three Months Ended


January 31,


2011

2010

Gross investment income

$      20,217

$      19,099

Operating expenses

(3,401)

(3,040)

Interest expense

(1,137)

(896)

Net investment income

$      15,679

$      15,163

Net realized and unrealized gains (losses)


 on investments

$      43,474

$        8,041

Net increase (decrease) in net assets



 from operations

$      59,153

$      23,204





Earnings per Share Outstanding


Gross investment income

$        0.265

$        0.250

Operating expenses

(0.045)

(0.040)

Interest expense

(0.015)

(0.012)

Net investment income

$        0.205

$        0.198

Net realized and unrealized gains (losses)


 on investments

$        0.570

$        0.105

Net increase (decrease) in net assets



 from operations

$        0.775

$        0.303










Net Asset Value at January 31



Net assets

$ 1,191,495

$ 1,059,256

Shares outstanding

76,300

76,266

Net asset value per share outstanding

$        15.62

$        13.89





Market Value Summary



Market price on NYSE at January 31

$        14.35

$        12.98

High market price (period ended January 31)

$        14.74

$        14.48

Low market price (period ended January 31)

$        13.75

$        12.41

SOURCE Eaton Vance Management

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