EXG Research | Milton Maxwell

EXG

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

9.18

-0.03-0.33%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

2.81B

P/E (TTM)

18.73

Basic EPS (TTM)

0.49

Dividend Yield

Recent Filings

8-K

New board chairperson appointed

8/28/25Aug 28, 2025

Eaton Vance Tax-Managed Global Diversified Equity Income Fund appointed Scott E. Wennerholm as Chairperson of the Board effective August 27, 2025, for a four-year term. This follows Susan J. Sutherland's interim role since August 9, 2025, after the previous chairperson's passing. The change stabilizes leadership for the closed-end fund. No further details on Wennerholm's background disclosed.

8-K

Chairperson's sudden passing

8/14/25Aug 14, 2025

Eaton Vance Tax-Managed Global Diversified Equity Income Fund disclosed the unexpected death of Board Chairperson Mark R. Fetting on August 9, 2025. Susan J. Sutherland stepped in as acting Chairperson, while the Board shrank from ten to nine members effective August 12. This abrupt transition tests the Fund's governance stability amid ongoing operations.

8-K

By-laws amendment eliminates controls

10/10/24Oct 10, 2024

Eaton Vance Tax-Managed Global Diversified Equity Income Fund eliminated its Control Share Provisions through Amendment No. 1 to the By-Laws, effective October 10, 2024. The Board had previously exempted such acquisitions since January 26, 2023. This formalizes easier share accumulation. No financial impact disclosed.

8-K

Fund exempts control share restrictions

2/1/23Feb 1, 2023

On January 26, 2023, the Board of Trustees of Eaton Vance Tax-Managed Global Diversified Equity Income Fund voted to exempt all prior and new share purchases from its Control Share By-Law provisions until further notice. This follows a Massachusetts Superior Court ruling on January 23, 2023, upholding the Board's fiduciary duty but invalidating the by-law under the Investment Company Act for restricting voting rights. The move shields retail shareholders from activist hedge fund pressures while litigation continues. Boards will monitor developments closely.

8-K

Fund adopts anti-activist voting curbs

8/13/20Aug 13, 2020

Eaton Vance Tax-Managed Global Diversified Equity Income Fund amended its By-Laws on August 13, 2020, introducing Control Share Provisions to curb voting power from acquisitions exceeding 10% of shares. These rules let non-interested shareholders vote on authorizing such rights, shielding the fund from activist investors. Pre-2020 holdings stay unaffected. It entrusts shareholders with control.

About

Eaton Vance Tax-Managed Global Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies. The fund also invests through derivatives. It also writes call options on one or more U.S. and foreign indices with respect to a portion of the value of its common stock portfolio. The fund benchmarks the performance of its portfolio against the MSCI World Index. Eaton Vance Tax-Managed Global Diversified Equity Income Fund was formed on February 27, 2007 and is domiciled in the United States.

IPO

4/23/2007

Website

https://funds.eatonvance.com/Tax-Managed-Global-Diversified-Equity-Income-Fund-EXG.php

Sector

Financial Services

Industry

Asset Management