Eaton Vance Tax-Advantaged Global Dividend Income Fund Report of Earnings.BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. -- Eaton Vance Eaton Vance is an American financial services company headquartered in Boston, MA. It is traded on the New York Stock Exchange under the symbol EV.[1] At the end of the second quarter of the 2006 fiscal year, the company had assets under management of $118.8 billion. Tax-Advantaged Global Dividend Income Fund (NYSE NYSE See: New York Stock Exchange : ETG ETG Enter the Game (gaming chat network) ETG Expert Task Group ETG Enabling Technologies Group (Phillips Company) ETG Episode Treatment Groups (Symmetry Health Data Systems, Inc. ), a diversified diversified (di·verˑ·s closed-end investment company closed-end investment company: see mutual fund. , today announced the earnings of the Fund for the three month and six-month period ended June June: see month. 30, 2006. The Fund's fiscal year ends on December December: see month. 31, 2006. For the three months ended June 30, 2006, the Fund had net investment income of $56,180,028 ($0.737 per common share). From this amount, the Fund paid dividends on preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. of $8,464,985 (equal to $0.111 for each common share), resulting in net investment income after preferred dividends preferred dividend n. a payment of a corporation's profits to holders of preferred shares of stock. (See: preferred stock) of $47,715,043 or $0.626 per common share. For the six months ended June 30, 2006, the Fund had net investment income of $92,129,827 ($1.208 per common share). From this amount, the Fund paid dividends on preferred shares of $15,966,420 (equal to $0.209 per common share), resulting in net investment income after preferred dividends of $76,163,407 or $0.999 per common share. In comparison, for the three months ended June 30, 2005, the Fund had net investment income of $38,969,189 ($0.511 per common share). From this amount, the Fund paid dividends on preferred shares of $5,761,947 (equal to $0.076 for each common share), resulting in net investment income after preferred dividends of $33,207,242 ($0.435 per common share). For the six months ended June 30, 2005, the Fund had net investment income of $71,780,881 ($0.941 per common share). From this amount, the Fund paid dividends on preferred shares of $10,045,401 (equal to $0.132 per common share), resulting in net investment income after preferred dividends of $61,735,480 or $0.809 per common share. Net realized and unrealized losses Unrealized Loss A loss that results from holding onto an asset rather than cashing it in and officially taking the loss. Notes: Let's say you own a stock that is down 50%, but you haven't sold it to realize the loss yet. This is said to be an unrealized loss. for the three months ended June 30, 2006 were $10,467,863 ($0.137 per common share). The Fund's net realized and unrealized gains Unrealized Gain A profit that results from holding on to an asset rather than cashing it in and using the funds. Notes: Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain. for the six months ended June 30, 2006 were $98,829,169 ($1.289 per common share). In comparison, net realized and unrealized losses for the three months ended June 30, 2005 were $29,661,578 ($0.389 per common share). The Fund's net realized and unrealized losses for the six months ended June 30, 2005 were $5,589,132 ($0.071 per common share). On June 30, 2006, net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. of the Fund were $1,819,997,399. The net asset value per common share on June 30, 2006 was $23.86 based on 76,265,527 common shares outstanding. In comparison, on June 30, 2005, net assets of the Fund were $1,675,712,342. The net asset value per common share on June 30, 2005 was $21.97 based on 76,265,527 common shares outstanding. The Fund is managed by Eaton Vance Management a subsidiary of Eaton Vance Corp, which is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol EV. Eaton Vance and its affiliates had $120.4 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. on July 31, 2006. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Marketing at (800) 262-1122.
EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDEND INCOME FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
June 30, June 30,
------------------ -----------------------
2006 2005 2006 2005
--------- -------- ----------- -----------
Gross investment income $61,257 $43,436 $102,012 $81,050
Operating expenses (5,077) (4,467) (9,882) (9,269)
--------- -------- ----------- -----------
Net investment income $56,180 $38,969 $92,130 $71,781
Net realized and unrealized
gains (losses)
on investments ($10,467) $29,662 $98,829 ($5,589)
Preferred dividends paid
from net investment income ($8,465) ($5,762) ($15,966) ($10,045)
Net increase (decrease) in
net assets from
operations $37,248 $62,869 $174,993 $56,147
========= ======== =========== ===========
Earnings per Common Share
Outstanding
----------------------------
Gross investment income $0.804 $0.570 $1.338 $1.063
Operating expenses (0.067) (0.059) (0.130) (0.122)
--------- -------- ----------- -----------
Net investment income $0.737 $0.511 $1.208 $0.941
Net realized and unrealized
gains (losses)
on investments ($0.137) $0.389 $1.289 ($0.071)
Preferred dividends paid
from net investment income ($0.111) ($0.076) ($0.209) ($0.132)
Net increase (decrease) in
net assets from operations $0.489 $0.824 $2.288 $0.738
========= ======== =========== ===========
Net investment income $0.737 $0.511 $1.208 $0.941
Preferred dividends paid
from net investment income (0.111) (0.076) (0.209) (0.132)
--------- -------- ----------- -----------
Net investment income after
preferred dividends $0.626 $0.435 $0.999 $0.809
========= ======== =========== ===========
Net Asset Value at June 30
(Common Shares)
----------------------------
Net assets (000) $1,819,997 $1,675,712
Shares outstanding (000) 76,266 76,266
Net asset value per share
outstanding $23.86 $21.97
Market Value Summary (Common
Shares)
----------------------------
Market price on NYSE at
June 30 $21.85 $19.67
High market price (six
months ended June 30) $22.43 $20.21
Low market price (six
months ended June 30) $20.47 $18.80
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