Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Declares Increase in Monthly Dividend & a Special Dividend.BOSTON -- 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 Opportunities Fund (NYSE NYSE See: New York Stock Exchange : ETO ETO abbr. European theater of operations ), a closed-end management investment company, today declared a dividend of $0.2750 per share. This dividend distribution represents an increase to the Fund's regularly scheduled monthly dividend to $0.1496 (up 5% from $0.1425) per share for December, plus a payment of a special dividend of $0.1254 per share. The special dividend is being paid to enable the Fund to meet its 2006 distribution requirement for federal excise tax Excise Tax 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the IRS. Notes: 1. purposes. The dividend will be paid on December 29, 2006 to shareholders of record on December 22, 2006. The ex-date is December 20, 2006. The special dividend and dividend increase reflects growth in the dividends being paid by securities owned by the Fund. In recent periods many of the companies represented in the Fund portfolio have increased their regular dividend payment and in a number of cases have declared special one-time dividends. In addition, dividend income generated by the Fund has been enhanced by the implementation of the Fund dividend capture strategies. Based on the Fund's per share price of $30.30 at the close of 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. on December 12, 2006, the Fund's new monthly dividend of $0.1496 per share equates to an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. market yield of 5.92%. The Fund estimates that virtually all of the income declared by the Fund in calendar year 2006 will be considered qualifying dividend income, subject to taxation at long-term capital gains Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. rates no greater than 15%. The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of dividends on the common shares could change. The final determination of tax characteristics of the Fund's distributions will not occur until after the end of the year, at which time it will be reported to shareholders. In order for Fund distributions of qualified dividend income to be taxable at long-term capital gains rates, a shareholder must meet certain prescribed holding period and other requirements with respect to his or her shares. Shareholders should consult with their tax advisor for more information about their particular tax situation. The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp., which is listed on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had $128.9 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 October 31, 2006. Eaton Vance will make available periodic summary information regarding the Funds' portfolio investments. Those interested should call Eaton Vance Management at 800-262-1122. |
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