Eaton Vance Tax-Managed Global Diversified Equity Income Fund Reports Earnings Results for the Fourth Quarter and Year Ended October 31, 2013
January 21, 2014 at 10:28 am EST
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Eaton Vance Tax-Managed Global Diversified Equity Income Fund reported earnings results for the fourth quarter and year ended October 31, 2013. For the quarter, the fund had net investment income of $6,677,826 or $0.022 per share. In comparison, for the three months ended October 31, 2012, the fund had net investment income of $8,282,299 or $0.027 per share. Net realized and unrealized gains were $162,450,228 or $0.541 per share. In comparison, net realized and unrealized gains for the three months ended October 31, 2012 were $146,234,136 or $0.482 per share. Gross investment income was $15,157,000 compared to $16,473,000 for the last year.
For the year, the fund had net investment income of $54,371,934 or $0.180 per share. For the year ended October 31, 2012, the fund had net investment income of $58,941,267 or $0.193 per share. Net realized and unrealized were $437,113,565 or $1.451 per share. In comparison, net realized and unrealized gains for the year ended October 31, 2012 were $265,060,798 or $0.871 per share. The net asset value per share on October 31, 2013 was $10.82. The net asset value per share on October 31, 2012 was $10.24. Gross investment income was $88,150,000 compared to $91,376,000 for the last year.
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. Its portfolio of investments includes aerospace and defense, air freight and logistics, automobiles, banks, beverages, building products, biotechnology, construction materials, diversified financial services, electric utilities, electrical equipment, electronic equipment, instruments and components, entertainment, equity real estate investment trusts, food products, healthcare equipment and supplies, healthcare providers and services, hotels, restaurants and leisure, industrial conglomerates, insurance, interactive media and services, Internet and direct marketing retail, information technology services, leisure products, machinery, personal products, and others. Investment adviser of the Fund is Eaton Vance Management.