EATON VANCE CORP. 
By BOSTON, Jan. 21, 2014 /PRNewswire/ -- Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG), a closed-end management investment company, today announced the earnings of the Fund for the three months and year ended October 31, 2013. The Fund's fiscal year ended on October 31, 2013.
For the three months ended October 31, 2013, the Fund had net investment income of $6,677,826 ($0.022 per share). For the year ended October 31, 2013, the Fund had net investment income of $54,371,934 ($0.180 per share). In comparison, for the three months ended October 31, 2012, the Fund had net investment income of $8,282,299 ($0.027 per share). For the year ended October 31, 2012, the Fund had net investment income of $58,941,267 ($0.193 per share).
Net realized and unrealized gains for the three months ended October 31, 2013 were $162,450,228 ($0.541 per share). Net realized and unrealized gains for the year ended October 31, 2013 were $437,113,565 ($1.451 per share). In comparison, net realized and unrealized gains for the three months ended October 31, 2012 were $146,234,136 ($0.482 per share). Net realized and unrealized gains for the year ended October 31, 2012 were $265,060,798 ($0.871 per share).
On October 31, 2013, net assets of the Fund were $3,261,173,100. The net asset value per share on October 31, 2013 was $10.82 based on 301,498,010 shares outstanding. In comparison, on October 31, 2012, net assets of the Fund were $3,100,272,784. The net asset value per share on October 31, 2012 was $10.24 based on 302,798,210 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 $283.3 billion in assets as of December 31, 2013, 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 Year Ended
October 31, October 31,
----------- -----------
2013 2012 2013 2012
---- ---- ---- ----
Gross investment income $15,157 $16,473 $88,150 $91,376
Operating expenses (8,479) (8,191) (33,778) (32,435)
------ ------ ------- -------
Net investment income $6,678 $8,282 $54,372 $58,941
Net realized and unrealized gains (losses)
on investments $162,450 $146,234 $437,114 $265,061
-------- -------- -------- --------
Net increase (decrease) in net
assets
from operations $169,128 $154,516 $491,486 $324,002
Earnings per Share Outstanding
------------------------------
Gross investment income $0.050 $0.054 $0.292 $0.299
Operating expenses (0.028) (0.027) (0.112) (0.106)
------ ------ ------ ------
Net investment income $0.022 $0.027 $0.180 $0.193
Net realized and unrealized gains (losses)
on investments $0.541 $0.482 $1.451 $0.871
------ ------ ------ ------
Net increase (decrease) in net
assets
from operations $0.563 $0.509 $1.631 $1.064
Net Asset Value at October 31
-----------------------------
Net assets $3,261,173 $3,100,273
Shares outstanding 301,498 302,798
Net asset value per share
outstanding $10.82 $10.24
Market Value Summary
--------------------
Market price on NYSE at October 31 $9.88 $8.92
High market price (period ended
October 31) $9.98 $9.32
Low market price (period ended
October 31) $8.42 $7.81
SOURCE Eaton Vance Management
