Eaton Vance Tax-Managed Global Diversified Equity Income Fund Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2014
November 07, 2014 at 03:27 am IST
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Eaton Vance Tax-Managed Global Diversified Equity Income Fund reported earnings results for the third quarter and nine months ended July 31, 2014. For the quarter, the company reported gross investment income of $25.675 million or $0.086 per share against $24.641 million or $0.082 per share a year ago. Net investment income was $16.689 million or $0.056 per share against $16.044 million or $0.053 per share a year ago. Net increase in net assets from operations was $31.396 million or $0.108 per share against $31.545 million or $0.105 per share a year ago. Net realized and unrealized gains on investments were $14.707 million or $0.052 per share against $15.501 million or $0.052 per share a year ago.
For the nine months, the company reported gross investment income of $151.444 million or $0.503 per share against $72.993 million or $0.242 per share a year ago. Net investment income was $125.012 million or $0.415 per share against $47.694 million or $0.158 per share a year ago. Net increase in net assets from operations was $209.724 million or $0.696 per share against $322.357 million or $1.068 per share a year ago. Net realized and unrealized gains on investments were $84.712 million or $0.281 per share against $274.663 million or $0.910 per share a year ago. The net asset value per share on July 31, 2014 was $10.78. In comparison, the net asset value per share on July 31, 2013 was $10.50.
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.