EATON VANCE TAX-MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND BOSTON, Oct. 14, 2014 /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 six months ended June 30, 2014. The Fund's fiscal year ends on December 31, 2014.
For the three months ended June 30, 2014, the Fund had net investment income of $6,904,410 ($0.065 per share). For the six months ended June 30, 2014, the Fund had net investment income of $19,792,762 ($0.186 per share). In comparison, for the three months ended June 30, 2013, the Fund had net investment income of $7,678,948 ($0.072 per share). For the six months ended June 30, 2013, the Fund had net investment income of $12,776,368 ($0.120 per share).
Net realized and unrealized gains for the three months ended June 30, 2014 were $53,017,948 ($0.501 per share). Net realized and unrealized gains for the six months ended June 30, 2014 were $60,120,043 ($0.568 per share). In comparison, net realized and unrealized losses for the three months ended June 30, 2013 were $12,610,131 ($0.118 per share). Net realized and unrealized gains for the six months ended June 30, 2013 were $30,070,639 ($0.283 per share).
On June 30, 2014, net assets of the Fund were $1,415,347,114. The net asset value per share on June 30, 2014 was $13.30 based on 106,442,735 shares outstanding. In comparison, on June 30, 2013, net assets of the Fund were $1,297,214,438. The net asset value per share on June 30, 2013 was $12.19 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 $293.6 billion in assets as of September 30, 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 Six Month Ended
June 30, June 30,
-------- --------
2014 2013 2014 2013
---- ---- ---- ----
Gross investment income $10,763 $11,340 $27,373 $20,055
Operating expenses (3,859) (3,661) (7,580) (7,279)
------ ------ ------ ------
Net investment income $6,904 $7,679 $19,793 $12,776
Net realized and unrealized gains (losses)
on investments $53,018 $(12,610) $60,120 $30,071
------- -------- ------- -------
Net increase (decrease) in net
assets
from operations $59,922 $(4,931) $79,913 $42,847
===============
Earnings per Share Outstanding
------------------------------
Gross investment income $0.101 $0.106 $0.257 $0.188
Operating expenses (0.036) (0.034) (0.071) (0.068)
------ ------ ------ ------
Net investment income $0.065 $0.072 $0.186 $0.120
Net realized and unrealized gains (losses)
on investments $0.501 $(0.118) $0.568 $0.283
------ ------- ------ ------
Net increase (decrease) in net
assets
from operations $0.566 $(0.046) $0.754 $0.403
===============
Net Asset Value at June 30
--------------------------
Net assets $1,415,347 $1,297,214
Shares outstanding 106,443 106,443
Net asset value per share
outstanding $13.30 $12.19
Market Value Summary
--------------------
Market price on NYSE at June
30 $12.76 $11.12
High market price (period ended June
30) $12.97 $11.74
Low market price (period ended June
30) $11.40 $10.75
SOURCE Eaton Vance Management
