Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Report of Earnings
BOSTON, Jan. 8 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO), a diversified closed-end investment company, today announced the earnings of the Fund for the three months and year ended October 31, 2009. The Fund's fiscal year ends on October 31, 2009.
For the three months ended October 31, 2009, the Fund had net investment income of $875,791 ($0.060 per common share). For the year ended October 31, 2009, the Fund had net investment income of $20,334,217 ($1.400 per common share). In comparison, for the three months ended October 31, 2008, the Fund had net investment income of $2,332,140 ($0.161 per common share). For the year ended October 31, 2008, the Fund had net investment income of $36,788,816 ($2.534 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 $33,890,628 or $2.334 per common share.
Net realized and unrealized gains for the three months ended October 31, 2009 were $24,251,926 ($1.667 per common share) and net realized and unrealized gains for the year ended October 31, 2009 were $24,672,883 ($1.696 per common share). In comparison, net realized and unrealized losses for the three months ended October 31, 2008 were $174,870,770 ($12.044 per common share) and net realized and unrealized losses for the year ended October 31, 2008 were $281,377,091 ($19.380 per common share).
On October 31, 2009, net assets of the Fund were $285,750,487. The net asset value per common share on October 31, 2009 was $19.68 based on 14,519,257 common shares outstanding. In comparison, on October 31, 2008, net assets of the Fund were $262,899,773. The net asset value per share on October 31, 2008 was $18.11 based on 14,519,257 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 $154.9 billion in assets as of October 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 Year Ended
October 31, October 31,
----------- -----------
2009 2008 2009 2008
---- ---- ---- ----
Gross investment income $1,974 $4,328 $24,791 $43,893
Operating expenses (767) (938) (2,694) (4,625)
Interest expense (331) (1,058) (1,763) (2,479)
---- ------ ------ ------
Net investment income $876 $2,332 $20,334 $36,789
Net realized and unrealized
gains (losses) on investments $24,252 $(174,871) $24,673 $(281,377)
Preferred dividends paid (1) - - - (2,898)
------- -------- ------- ---------
Net increase (decrease) in net
assets from operations $25,128 $(172,539) $45,007 $(247,486)
======= ========= ======= =========
Earnings per Common Share
Outstanding
-------------------------
Gross investment income $0.135 $0.298 $1.707 $3.023
Operating expenses (0.053) (0.064) (0.186) (0.318)
Interest expense (0.022) (0.073) (0.121) (0.171)
------ ------ ------ ------
Net investment income $0.060 $0.161 $1.400 $2.534
Net realized and unrealized
gains (losses) on investments $1.667 $(12.044) $1.696 $(19.380)
Preferred dividends paid (1) - - - (0.200)
------ -------- ------- ---------
Net increase (decrease) in net
assets from operations $1.727 $(11.883) $3.096 $(17.046)
====== ======== ====== ========
Net investment income $0.060 $0.161 $1.400 $2.534
Preferred dividends paid (1) - - - (0.200)
------ ------ ------ ------
Net investment income after
preferred dividends $0.060 $0.161 $1.400 $2.334
====== ====== ====== ======
Net Asset Value at October 31
(Common Shares)
-----------------------------
Net assets $285,750 $262,900
Shares outstanding 14,519 14,519
Net asset value per
share outstanding $19.68 $18.11
Market Value Summary (Common
Shares)
----------------------------
Market price on NYSE
at October 31 $17.56 $15.09
High market price
(period ended
October 31) $19.32 $35.35
Low market price
(period ended
October 31) $8.92 $12.01
(1) As of April 23, 2008, all series of preferred shares had been
redeemed.
SOURCE Eaton Vance Management
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