Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Announces Earnings Results for the Three and Nine Months Ended September 30, 2012
December 14, 2012 at 01:47 am IST
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Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund announced earnings results for the three and nine months ended September 30, 2012. For the quarter, the fund had net investment income of $4,722,204 or $0.044 per share against net investment income of $3,440,144 or $0.032 per share a year ago. Net realized and unrealized gains for the three months ended September 30, 2012 were $66,102,050 or $0.622 per share against loss of $191,980,630 or $1.789 loss per share a year ago. Net increase in net assets from operations was $70,824,000 or $0.666 per share against decrease of $188,540,000 or $1.757 per share a year ago.
For the nine months, the fund had net investment income of $20,825,070 or $0.194 per share against net investment income of $17,624,637 or $0.164 per share a year ago. Net realized and unrealized gains for the nine months ended September 30, 2012 were $120,697,112 or $1.126 per share against loss of $134,724,809 or $1.256 loss per share a year ago. The net asset value per share as on September 30, 2012 was $12.66 based on 106,948,435 shares outstanding compared to $11.32 as on September 30, 2011 based on 107,229,535 shares outstanding. Net increase in net assets from operations was $141,522,000 or $1.320 per share against decrease of $117,100,000 or $1.092 per share a year ago.
Eaton Vance Tax-Managed Global Buy-Write Opportunities 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. The Fund invests approximately 80% of its total assets in a diversified portfolio of common stocks of domestic and foreign issuers. The Fund invests a substantial portion of its total assets in the securities of non-United States issuers, including American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and European Depositary Receipts (EDRs). It invests in sectors, such as information technology, consumer discretionary, healthcare, industrials, communication services, financial services, consumer staples, materials, utilities, energy, and real estate. The Fund's investment advisor is Eaton Vance Management and sub-advisor is Parametric Portfolio Associates LLC.