BOSTON, Oct. 14, 2011 /PRNewswire/ -- Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG), a diversified, closed-end management investment company, today announced the earnings of the Fund for the three and nine months 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 $29,113,665 ($0.095 per share). For the nine months ended July 31, 2011, the Fund had net investment income of $52,253,176 ($0.171 per share). In comparison, for the three months ended July 31, 2010, the Fund had net investment income of $22,790,279 ($0.075 per share). For the nine months ended July 31, 2010, the Fund had net investment income of $51,679,650 ($0.170 per share).
Net realized and unrealized losses for the three months ended July 31, 2011 were $222,377,576 ($0.729 per share). Net realized and unrealized gains for the nine months ended July 31, 2011 were $150,410,424 ($0.492 per share). In comparison, net realized and unrealized losses for the three months ended July 31, 2010 were $159,328,446 ($0.524 per share). Net realized and unrealized losses for the nine months ended July 31, 2010 were $36,789,047 ($0.121 per share).
On July 31, 2011, net assets of the Fund were $3,459,367,356. The net asset value per share on July 31, 2011 was $11.33 based on 305,443,010 shares outstanding. In comparison, on July 31, 2010, net assets of the Fund were $3,391,617,270. The net asset value per share on July 31, 2010 was $11.11 based on 305,334,385 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 $177.8 billion in assets as of September 30, 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-MANAGED GLOBAL DIVERSIFIED EQUITY INCOME FUND | |||||||||
SUMMARY OF RESULTS OF OPERATIONS | |||||||||
(in thousands, except per share amounts) | |||||||||
Three Months Ended | Nine Months Ended | ||||||||
July 31, | July 31, | ||||||||
2011 | 2010 | 2011 | 2010 | ||||||
Gross investment income | $ 38,466 | $ 31,688 | $ 79,926 | $ 80,151 | |||||
Operating expenses | (9,353) | (8,897) | (27,673) | (28,471) | |||||
Net investment income | $ 29,113 | $ 22,791 | $ 52,253 | $ 51,680 | |||||
Net realized and unrealized gains (losses) | |||||||||
on investments | $ (222,378) | $ (159,328) | $ 150,410 | $ (36,789) | |||||
Net increase (decrease) in net assets | |||||||||
from operations | $ (193,265) | $ (136,537) | $ 202,663 | $ 14,891 | |||||
Earnings per Share Outstanding | |||||||||
Gross investment income | $ 0.126 | $ 0.104 | $ 0.262 | $ 0.263 | |||||
Operating expenses | (0.031) | (0.029) | (0.091) | (0.093) | |||||
Net investment income | $ 0.095 | $ 0.075 | $ 0.171 | $ 0.170 | |||||
Net realized and unrealized gains (losses) | |||||||||
on investments | $ (0.729) | $ (0.524) | $ 0.492 | $ (0.121) | |||||
Net increase (decrease) in net assets | |||||||||
from operations | $ (0.634) | $ (0.449) | $ 0.663 | $ 0.049 | |||||
Net Asset Value at July 31 | |||||||||
Net assets | $ 3,459,367 | $ 3,391,617 | |||||||
Shares outstanding | 305,443 | 305,334 | |||||||
Net asset value per share outstanding | $ 11.33 | $ 11.11 | |||||||
Market Value Summary | |||||||||
Market price on NYSE at July 31 | $ 9.96 | $ 10.60 | |||||||
High market price (period ended July 31) | $ 11.55 | $ 13.32 | |||||||
Low market price (period ended July 31) | $ 9.96 | $ 9.44 | |||||||
SOURCE Eaton Vance Management