BOSTON, July 1 /PRNewswire-FirstCall/ -- Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG), a closed-end investment company, today announced the earnings of the Fund for the three months ended April 30, 2009 and the six months ended April 30, 2009. The Fund's fiscal year ends on October 31, 2009. For the three months ended April 30, 2009, the Fund had net investment income of $28,644,154 ($0.094 per common share). For the six months ended April 30, 2009, the Fund had net investment income of $40,607,250 ($0.134 per common share). In comparison, for the three months ended April 30, 2008, the Fund had net investment income of $30,395,336 ($0.100 per common share). For the six months ended April 30, 2008, the Fund had net investment income of $59,657,005 ($0.197 per common share). Net realized and unrealized gains for the three months ended April 30, 2009 were $38,448,972 ($0.129 per common share) and net realized and unrealized losses for the six months ended April 30, 2009 were $201,220,732 ($0.664 per common share). In comparison, net realized and unrealized gains for the three months ended April 30, 2008 were $232,976,779 ($0.765 per common share) and net realized and unrealized losses for the six months ended April 30, 2008 were $245,247,860 ($0.817 per common share). On April 30, 2009, net assets of the Fund were $3,281,573,052. The net asset value per share on April 30, 2009 was $10.86 based on 302,284,868 shares outstanding. In comparison, on April 30, 2008, net assets of the Fund were $5,448,634,924. The net asset value per share on April 30, 2008 was $18.02 based on 302,284,868 shares outstanding. 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 $127.2 billion in assets as of April 30, 2009, offering individuals and institutions a broad array of investment products and wealth management solutions. The Company's long record of providing exemplary service 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 http://www.eatonvance.com/. EATON VANCE TAX-MANAGED GLOBAL DIVERSIFIED EQUITY INCOME FUND SUMMARY OF RESULTS OF OPERATIONS (in thousands, except per share amounts) Three Months Ended Six Months Ended April 30, April 30, ----------------- --------------------- 2009 2008 2009 2008 ---- ---- ---- ---- Gross investment income $36,661 $44,705 $58,158 $88,988 Operating expenses (8,017) (14,310) (17,551) (29,331) ------ ------- ------- ------- Net investment income $28,644 $30,395 $40,607 $59,657 Net realized and unrealized gains (losses) on investments $38,449 $232,977 $(201,221) $(245,248) ------- -------- --------- --------- Net increase (decrease) in net assets from operations $67,093 $263,372 $(160,614) $(185,591) ======= ======== ========= ========= Earnings per Share Outstanding ------------------------------ Gross investment income $0.121 $0.148 $0.192 $0.294 Operating expenses (0.027) (0.048) (0.058) (0.097) ------ ------ ------ ------ Net investment income $0.094 $0.100 $0.134 $0.197 Net realized and unrealized gains (losses) on investments $0.129 $0.765 $(0.664) $(0.817) ------ ------ ------- ------- Net increase (decrease) in net assets from operations $0.223 $0.865 $(0.530) $(0.620) ====== ====== ======= ======= Net Asset Value at April 30 (Common Shares) --------------------------- Net assets $3,281,573 $5,448,635 Shares outstanding 302,285 302,285 Net asset value per share outstanding $10.86 $18.02 Market Value Summary (Common Shares) ------------------------------------- Market price on NYSE at April 30 $9.40 $16.87 High market price (period ended April 30) $10.78 $17.55 Low market price (period ended April 30) $6.86 $15.19 DATASOURCE: Eaton Vance Management CONTACT: Investors, +1-800-262-1122 Web Site: http://www.eatonvance.com/

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