EATON VANCE CORP. BOSTON, Jan. 14, 2015 /PRNewswire/ -- Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW), a closed-end management investment company, today announced the earnings of the Fund for the three and the nine months ended September 30, 2014. The Fund's fiscal year ended on December 31, 2014.
For the three months ended September 30, 2014, the Fund had net investment income of $2,960,973 ($0.028 per share). For the nine months ended September 30, 2014, the Fund had net investment income of $22,753,735 ($0.214 per share). In comparison, for the three months ended September 30, 2013, the Fund had net investment income of $3,489,531 ($0.033 per share). For the nine months ended September 30, 2013, the Fund had net investment income of $16,265,899 ($0.153 per share).
Net realized and unrealized losses for the three months ended September 30, 2014 were $22,019,344 ($0.210 per share). Net realized and unrealized gains for the nine months ended September 30, 2014 were $38,100,699 ($0.358 per share). In comparison, net realized and unrealized gains for the three months ended September 30, 2013 were $76,333,357 ($0.716 per share). Net realized and unrealized gains for the nine months ended September 30, 2013 were $106,403,996 ($0.999 per share).
On September 30, 2014, net assets of the Fund were $1,365,218,112. The net asset value per share on September 30, 2014 was $12.83 based on 106,442,735 shares outstanding. In comparison, on September 30, 2013, net assets of the Fund were $1,345,966,687. The net asset value per share on September 30, 2013 was $12.64 based on 106,442,735 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 $296.0 billion in assets as of December 31, 2014, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation 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 BUY-WRITE OPPORTUNITIES FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Nine Months Ended
September 30, September 30,
------------- -------------
2014 2013 2014 2013
---- ---- ---- ----
Gross investment income $6,810 $7,205 $34,183 $27,260
Operating expenses (3,849) (3,715) (11,429) (10,994)
------ ------ ------- -------
Net investment income $2,961 $3,490 $22,754 $16,266
Net realized and unrealized gains (losses)
on investments $(22,019) $76,333 $38,101 $106,404
-------- ------- ------- --------
Net increase (decrease) in net
assets
from operations $(19,058) $79,823 $60,855 $122,670
Earnings per Share Outstanding
------------------------------
Gross investment income $0.064 $0.068 $0.321 $0.256
Operating expenses (0.036) (0.035) (0.107) (0.103)
------ ------ ------ ------
Net investment income $0.028 $0.033 $0.214 $0.153
Net realized and unrealized gains (losses)
on investments $(0.210) $0.716 $0.358 $0.999
------- ------ ------ ------
Net increase (decrease) in net
assets
from operations $(0.182) $0.749 $0.572 $1.152
Net Asset Value at September 30
-------------------------------
Net assets $1,365,218 $1,345,967
Shares outstanding 106,443 106,443
Net asset value per share
outstanding $12.83 $12.64
Market Value Summary
--------------------
Market price on NYSE at September
30 $12.15 $11.34
High market price (period ended
September 30) $12.97 $11.74
Low market price (period ended
September 30) $11.40 $10.75
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SOURCE Eaton Vance Management
