BOSTON, April 3 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund , a closed-end investment company, today announced the earnings of the Fund for the three months ended January 31, 2009. The Fund's fiscal year ends on October 31, 2009.
For the three months ended January 31, 2009, the Fund had net investment income of $3,789,761 ($0.261 per common share). In comparison, for the three months ended January 31, 2008, the Fund had net investment income of $8,926,925 ($0.615 per common share). From this amount, the Fund paid dividends on preferred shares of $1,765,784 (equal to $0.122 for each common share), resulting in net investment income after the preferred dividends of $7,161,141 or $0.493 per common share.
Net realized and unrealized losses for the three months ended January 31, 2009 were $39,666,797 ($2.732 per common share). In comparison, net realized and unrealized losses for the three months ended January 31, 2008 were $79,269,692 ($5.460 per common share).
On January 31, 2009, net assets applicable to common shares of the Fund were $220,116,080. The net asset value per share on January 31, 2009 was $15.16 based on 14,519,257 shares outstanding. In comparison, on January 31, 2008, net assets applicable to common shares of the Fund were $461,733,546. The net asset value per common share on January 31, 2008 was $31.80 based on 14,519,257 common shares outstanding.
The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. , 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 $121.9 billion in assets as of January 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 http://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 Three Months Ended January 31, January 31, 2009 2008 Gross investment income $4,991 $10,228 Operating expenses (1,201) (1,301) Net investment income $3,790 $8,927 Net realized and unrealized gains (losses) on investments (39,667) (79,270) Preferred dividends paid (1) - (1,766) Net increase (decrease) in net assets from operations $(35,877) $(72,109) Earnings per Common Share Outstanding Gross investment income $0.344 $0.704 Operating expenses (0.083) (0.089) Net investment income $0.261 $0.615 Net realized and unrealized gains (losses) on investments (2.732) (5.460) Preferred dividends paid (1) - (0.122) Net increase (decrease) in net assets from operations $(2.471) $(4.967) Net investment income $0.261 $0.615 Preferred dividends paid (1) - (0.122) Net investment income after preferred Dividends $0.261 $0.493 Net Asset Value at January 31 (Common Shares) Net assets $220,116 $461,734 Shares outstanding 14,519 14,519 Net asset value per share outstanding $15.16 $31.80 Market Value Summary (Common Shares) Market price on NYSE at January 31 $13.28 $30.13 High market price (period ended January 31) $15.81 $35.35 Low market price (period ended January 31) $9.79 $28.17 (1)As of April 23, 2008, all series of preferred shares had been redeemed
Eaton Vance Management
CONTACT: Investors, +1-800-262-1122
Web Site: http://www.eatonvance.com/
