MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, January 29, 2004 Eaton Vance Raises A Billion Eaton Vance Corp. raised $1.4 billion in the share sale of a fund that enables investors to benefit from legislation that lowered taxes on dividends, Bloomberg reports. To do this, the firm issued 70 million shares in the Eaton Vance Tax-Advantaged Global Dividend Income fund at $20 each, the Boston company said. The fund is managed by Michael R. Mach, Judith A. Saryan, and Thomas H. Luster, invests primarily in dividend-paying common and preferred stocks of domestic and foreign issuers. Under US law enacted May 28, dividends are taxed at long-term capital gains rates, with a maximum of 15 percent. Printed from: MFWire.com/story.asp?s=6575 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |