March 21, 2023
VIA EDGAR
Ms. Lauren Hamilton
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re: | Pre-Effective Amendment to Registration Statement on Form N-2 for Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (the “Fund” or the “Registrant”) (File Nos.: 811-21519 and 333-268410) |
Dear Ms. Hamilton:
This letter responds to the comment that you provided to the undersigned via telephone on March 7, 2023, on the Fund’s Pre-Effective Amendment No. 1 to the Fund’s Registration Statement on Form N-2 filed on March 2, 2023 (Accession No. 0000940394-23-000429) with respect to the proposed offering by the Fund of additional shares of common stock, par value $0.01 per share (the “Common Shares”), on a continuous or delayed basis in reliance on Rule 415 under the 1933 Act (the “Shelf Registration Statement”).
We have reproduced the comment below and immediately thereafter provided the Fund’s response. The Fund’s response will be reflected in the definitive filing to the Fund’s Shelf Registration Statement. The Registrant seeks effectiveness of the filing no later than March 23, 2023 or as soon as possible thereafter. Capitalized terms not otherwise defined herein have the meanings ascribed to them in the Shelf Registration Statement.
The Fund has received an order under Section 19(b) of the 1940 Act to permit it to make periodic capital gains dividends with respect to its Common Shares as frequently as twelve times each year, and as frequently as dividends are specified by or determined in accordance with the terms of any outstanding preferred shares that such Fund may issue.
Response: The Fund respectfully notes that, consistent with Instruction 8 to Item 4 for Form N-2, the current disclosure reflects the “interest paid in connection with outstanding” borrowings (emphasis added). In light of the unpredictability of future market interest rates, the Fund believes that populating the fee table based on actual interest payments during the most recent reporting period, as contemplated by Form N-2, is reasonable. In response to the Staff’s comment, however, the Fund will seek to further clarify the above-referenced disclosure by adding the following footnote to the “interest payments on borrowed funds” line item of its fee and expense table:
“Interest payments on borrowed funds reflects the actual amount of interest expense paid by the fund for the period ending October 31, 2022. The Fund is subject to a floating interest rate and, therefore, the actual amount of interest expense borne by the Fund will vary over time in accordance with the level of the Fund’s use of borrowings, variations in market interest rates and/or the Fund’s borrowings outstanding. If the Fund were to incur higher levels of borrowing or pay higher interest rates, interest payments on borrowed funds as a percentage of net assets would be higher.”
If you have any questions or comments concerning the foregoing, please contact the undersigned at (617) 672-8215.
Sincerely,
/s/ Jordan M. Beksha
Jordan M. Beksha, Esq.
Vice President
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end