Eaton Vance New Jersey Municipal Income Trust Report of Earnings

       Eaton Vance New Jersey Municipal Income Trust Report of Earnings

PR Newswire

BOSTON, Nov. 12, 2012

BOSTON, Nov. 12, 2012 /PRNewswire/ --Eaton Vance New Jersey Municipal Income
Trust (NYSE MKT: EVJ) (the "Trust"), a closed-end management investment
company, today announced the earnings of the Trust for the three and
nine-month periods ended August 31, 2012. The Trust's fiscal year ends on
November 30, 2012.

For the three months ended August 31, 2012, the Trust had net investment
income of $938,618 ($0.201 per common share). From this amount, the Trust
paid dividends on preferred shares of $21,607 (equal to $0.004 for each common
share), resulting in net investment income after the preferred dividends of
$917,011, or $0.197 per common share. The Trust's net investment income for
the nine months ended August 31, 2012 was $2,824,245 ($0.605 per common share,
before deduction of the preferred share dividends totaling $0.013 per common
share), resulting in net investment income after the preferred dividends of
$0.592 per common share. In comparison, for the three months ended August 31,
2011, the Trust had net investment income of $1,015,652 ($0.218 per common
share). From this amount, the Trust paid dividends on preferred shares of
$17,872 (equal to $0.004 for each common share), resulting in net investment
income after the preferred dividends of $997,780, or $0.214 per common share.
The Trust's net investment income for the nine months ended August 31, 2011
was $3,193,130 ($0.685 per common share, before deduction of the preferred
share dividends totaling $0.018 per common share), resulting in net investment
income after the preferred dividends of $0.667 per common share.

Net realized and unrealized gains for the three months ended August 31, 2012
were $1,145,661 ($0.247 per common share). The Trust's net realized and
unrealized gains for the nine months ended August 31, 2012 were $5,814,520
($1.245 per common share). In comparison, net realized and unrealized gains
for the three months ended August 31, 2011 were $560,842 ($0.123 per common
share). The Trust's net realized and unrealized losses for the nine months
ended August 31, 2011 were $819,444 ($0.176 per common share).

On August 31, 2012, net assets of the Trust applicable to common shares were
$66,631,635. The net asset value per common share on August 31, 2012 was
$14.26 based on 4,673,819 common shares outstanding. In comparison, on August
31, 2011, net assets of the Trust applicable to common shares were
$60,811,872. The net asset value per common share on August 31, 2011 was
$13.05 based on 4,660,431 common shares outstanding.

The Trust 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"). Trust
portfolio holdings for the most recent month-end are also posted to the
website approximately 30 days following month-end.

The Trust 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 $198.2 billion in assets as of September 30, 2012,
offering individuals and institutions a broad array of investment strategies
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 www.eatonvance.com.



EATON VANCE NEW JERSEY MUNICIPAL INCOME TRUST
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                               Three Months Ended       Nine Months Ended
                               August 31,               August 31,
                               2012         2011        2012        2011
Net investment income          $    939  $  1,016  $  2,824  $  3,193
Net realized and unrealized
gains (losses)
 on investments               1,146        561         5,815       (819)
Preferred dividends paid from  (22)         (18)        (61)        (85)
net investment income
   Net increase (decrease) in
   net assets
    from operations           $  2,063   $  1,559  $  8,578  $  2,289
Earnings per Common Share
Outstanding
Net investment income          $  0.201   $  0.218  $  0.605  $  0.685
Net realized and unrealized
gains (losses)
 on investments               0.247        0.123       1.245       (0.176)
Preferred dividends paid from  (0.004)      (0.004)     (0.013)     (0.018)
net investment income
   Net increase (decrease) in
   net assets
    from operations           $  0.444   $  0.337  $  1.837  $  0.491
Net investment income          $  0.201   $  0.218  $  0.605  $  0.685
Preferred dividends paid from  (0.004)      (0.004)     (0.013)     (0.018)
net investment income
Net investment income after    $  0.197   $  0.214  $  0.592  $  0.667
preferred dividends
Net Asset Value at August 31
(Common Shares)
   Net assets                                           $66,632     $60,812
   Shares outstanding                                   4,674       4,660
   Net asset value per share                            $14.26      $13.05
   outstanding
Market Value Summary (Common
Shares)
   Market price on NYSE MKT at                          $14.75      $13.00
   August 31
   High market price (period                            $15.50      $13.52
   ended August 31)
   Low market price (period                             $13.22      $11.67
   ended August 31)

SOURCE Eaton Vance Management

Website: http://www.eatonvance.com
Contact: Investors, (800) 262-1122
 
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