Eaton Vance Tax-Advantaged Global Dividend Income Fund Report of Earnings
July 01 2009 - 1:30PM
PR Newswire (US)
BOSTON, July 1 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Advantaged
Global Dividend Income Fund (NYSE:ETG), a closed-end investment
company, today announced the earnings of the Fund for the three
months ended April 30, 2009 and the six months ended April 30,
2009. The Fund's fiscal year ends on October 31, 2009. For the
three months ended April 30, 2009, the Fund had net investment
income of $21,399,708 ($0.280 per common share). For the six months
ended April 30, 2009, the Fund had net investment income of
$49,907,448 ($0.654 per common share). In comparison, for the three
months ended April 30, 2008, the Fund had net investment income of
$57,849,510 ($0.759 per common share). From this amount, the Fund
paid dividends on preferred shares of $6,051,560 (equal to $0.079
for each common share), resulting in net investment income after
the preferred dividends of $51,797,950 or $0.680 per common share.
For the six months ended April 30, 2008, the Fund had net
investment income of $88,146,746 ($1.156 per common share). From
this amount, the Fund paid dividends on preferred shares of
$15,516,753 (equal to $0.203 for each common share), resulting in
net investment income after the preferred dividends of $72,629,993
or $0.953 per common share. Net realized and unrealized losses for
the three months ended April 30, 2009 were $28,204,775 ($0.373 per
common share) and net realized and unrealized losses for the six
months ended April 30, 2009 were $241,715,480 ($3.173 per common
share). In comparison, net realized and unrealized gains for the
three months ended April 30, 2008 were $5,164,864 ($0.066 per
common share) and net realized and unrealized losses for the six
months ended April 30, 2008 were $353,002,834 ($4.630 per common
share). On April 30, 2009, net assets of the Fund applicable to
common shares were $837,487,798. The net asset value per common
share on April 30, 2009 was $10.98 based on 76,265,526 common
shares outstanding. In comparison, on April 30, 2008, net assets
applicable to common shares of the Fund were $2,046,575,634. The
net asset value per common share on April 30, 2008 was $26.83 based
on 76,265,527 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 $127.2 billion in assets as
of April 30, 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
http://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 Six Months
Ended April 30, April 30, 2009 2008 2009 2008 Gross investment
income $25,807 $65,374 $59,449 $101,384 Operating expenses (4,408)
(7,524) (9,542) (13,237) Net investment income $21,399 $57,850
$49,907 $88,147 Net realized and unrealized gains (losses) on
investments $(28,205) $5,165 $(241,715) $(353,003) Preferred
dividends paid (1) - (6,052) - (15,517) Net increase (decrease) in
net assets from operations $(6,806)$56,963 $(191,808) $(280,373)
Earnings per Share Outstanding ------------------------------ Gross
investment income $0.338 $0.857 $0.779 $1.329 Operating expenses
(0.058) (0.098) (0.125) (0.173) Net investment income $0.280 $0.759
$0.654 $1.156 Net realized and unrealized gains (losses) on
investments $(0.373) $0.066 $(3.173) $(4.630) Preferred dividends
paid (1) - (0.079) - (0.203) Net increase (decrease) in net assets
from operations $(0.093) $0.746 $(2.519) $(3.677) Net investment
income $0.280 $0.759 $0.654 $1.156 Preferred dividends paid (1) -
(0.079) - (0.203) Net investment income after preferred dividends
$0.280 $0.680 $0.654 $0.953 Net Asset Value at April 30 (Common
Shares) ------------------------------------------- Net assets
$837,488 $2,046,576 Shares outstanding 76,266 76,266 Net asset
value per share outstanding $10.98 $26.83 Market Value Summary
(Common Shares) ------------------------------------ Market price
on NYSE at April 30 $8.96 $24.27 High market price (period ended
April 30) $12.56 $27.67 Low market price (period ended April 30)
$6.31 $21.93 (1) As of April 14, 2008, all series of preferred
shares had been redeemed. DATASOURCE: Eaton Vance Management
CONTACT: Eaton Vance Management, Investors, +1-800-262-1122 Web
Site: http://www.eatonvance.com/
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