BOSTON, Feb. 4, 2015 /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 and the year ended October 31, 2014. The Fund's fiscal year ended on October 31, 2014.
For the three months ended October 31, 2014, the Fund had net investment income of $5,612,099 ($0.074 per share). For the year ended October 31, 2014, the Fund had net investment income of $99,467,283 ($1.304 per share). In comparison, for the three months ended October 31, 2013, the Fund had net investment income of $14,521,793 ($0.190 per share). For the year ended October 31, 2013, the Fund had net investment income of $94,701,723 ($1.241 per share).
Net realized and unrealized gains for the three months ended October 31, 2014 were $15,461,615 ($0.199 per share) and net realized and unrealized gains for the year ended October 31, 2014 were $50,321,665 ($0.656 per share). In comparison, net realized and unrealized gains for the three months ended October 31, 2013 were $68,669,479 ($0.902 per share) and net realized and unrealized gains for the year ended October 31, 2013 were $196,628,665 ($2.579 per share).
On October 31, 2014, net assets of the Fund were $1,382,838,610. The net asset value per share on October 31, 2014 was $18.12 based on 76,300,214 shares outstanding. In comparison, on October 31, 2013, net assets of the Fund were $1,326,898,926. The net asset value per share on October 31, 2013 was $17.39 based on 76,300,214 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 month-end are also posted to the website approximately 30 days following month-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 $296.0 billion in assets as of December 31, 2014, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.
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EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDEND INCOME FUND
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SUMMARY OF RESULTS OF OPERATIONS
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(in thousands, except per share amounts)
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Three Months Ended
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Year Ended
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October 31,
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October 31,
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2014
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2013
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2014
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2013
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Gross investment income
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$ 10,542
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$ 19,226
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$ 119,105
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$ 113,519
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Operating expenses
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(4,110)
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(3,858)
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(16,378)
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(15,100)
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Interest expense
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(820)
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(846)
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(3,260)
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(3,717)
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Net investment income
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$ 5,612
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$ 14,522
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$ 99,467
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$ 94,702
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Net realized and unrealized gains (losses)
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on investments
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$ 15,462
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$ 68,670
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$ 50,322
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$ 196,629
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Net increase (decrease) in net assets
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from operations
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$ 21,074
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$ 83,192
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$ 149,789
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$ 291,331
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Earnings per Share Outstanding
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Gross investment income
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$ 0.138
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$ 0.252
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$ 1.561
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$ 1.488
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Operating expenses
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(0.053)
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(0.051)
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(0.214)
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(0.198)
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Interest expense
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(0.011)
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(0.011)
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(0.043)
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(0.049)
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Net investment income
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$ 0.074
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$ 0.190
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$ 1.304
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$ 1.241
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Net realized and unrealized gains (losses)
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on investments
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$ 0.199
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$ 0.902
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$ 0.656
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$ 2.579
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Net increase (decrease) in net assets
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from operations
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$ 0.273
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$ 1.092
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$ 1.960
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$ 3.820
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Net Asset Value at October 31
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Net assets
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$ 1,382,839
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$ 1,326,899
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Shares outstanding
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76,300
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76,300
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Net asset value per share outstanding
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$ 18.12
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$ 17.39
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Market Value Summary
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Market price on NYSE at October 31
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$ 16.98
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$ 16.04
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High market price (period ended October 31)
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$ 17.97
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$ 16.91
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Low market price (period ended October 31)
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$ 15.26
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$ 12.81
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/eaton-vance-tax-advantaged-global-dividend-income-fund-report-of-earnings-300030967.html
SOURCE Eaton Vance Management