Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Report of Earnings
BOSTON, Feb. 26 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW), a diversified closed-end investment company, today announced the earnings of the Fund for the three months ended December 31, 2009 and the year ended December 31, 2009. The Fund's fiscal year ended on December 31, 2009.
For the three months ended December 31, 2009, the Fund had net investment income of $2,975,491 ($0.028 per common share). For the year ended December 31, 2009, the Fund had net investment income of $21,206,060 ($0.199 per common share). In comparison, for the three months ended December 31, 2008, the Fund had net investment income of $5,002,005 ($0.047 per common share). For the year ended December 31, 2008, the Fund had net investment income of $30,550,494 ($0.287 per common share).
Net realized and unrealized gains for the three months ended December 31, 2009 were $91,972,655 ($0.867 per common share) and net realized and unrealized gains for the year ended December 31, 2009 were $317,750,871 ($2.991 per common share). In comparison, net realized and unrealized losses for the three months ended December 31, 2008 were $205,299,435 ($1.934 per common share) and net realized and unrealized losses for the year ended December 31, 2008 were $606,372,197 ($5.707 per common share).
On December 31, 2009, net assets of the Fund were $1,478,242,446. The net asset value per common share on December 31, 2009 was $13.84 based on 106,805,481 common shares outstanding. In comparison, on December 31, 2008, net assets of the Fund were $1,323,987,426. The net asset value per common share on December 31, 2008 was $12.45 based on 106,308,067 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 $161.6 billion in assets as of January 31, 2010, 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-MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Year Ended
December 31, December 31,
------------- -------------
2009 2008 2009 2008
---- ---- ---- ----
Gross investment
income $7,066 $8,672 $36,004 $49,287
Operating
expenses ($4,091) ($3,670) ($14,798) ($18,737)
------- ------- -------- --------
Net investment
income $2,975 $5,002 $21,206 $30,550
Net realized and
unrealized gains
(losses) on
investments $91,973 ($205,299) $317,751 ($606,372)
------- --------- -------- ---------
Net increase
(decrease) in
net assets from
operations $94,948 ($200,297) $338,957 ($575,822)
======= ========= ======== =========
Earnings per Share
Outstanding
------------------
Gross investment
income $0.066 $0.082 $0.338 $0.463
Operating
expenses ($0.038) ($0.035) ($0.139) ($0.176)
------- ------- ------- -------
Net investment
income $0.028 $0.047 $0.199 $0.287
Net realized and
unrealized gains
(losses) on
investments $0.867 ($1.934) $2.991 ($5.707)
------ ------- ------ -------
Net increase
(decrease) in
net assets from
operations $0.895 ($1.887) $3.190 ($5.420)
====== ======= ====== =======
Net Asset Value at
December 31 (Common
Shares)
-------------------
Net assets $1,478,242 $1,323,987
Shares outstanding 106,805 106,308
Net asset value per
share outstanding $13.84 $12.45
Market Value Summary
(Common Shares )
--------------------
Market price on
NYSE at December 31 $13.89 $10.12
High market price
(period ended
December 31) $14.79 $17.80
Low market price
(period ended
December 31) $7.84 $7.86
SOURCE Eaton Vance Management
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