Eaton Vance Municipal Income Trust Report of Earnings

            Eaton Vance Municipal Income Trust Report of Earnings

PR Newswire

BOSTON, Nov. 12, 2012

BOSTON, Nov. 12, 2012 /PRNewswire/ -- Eaton Vance Municipal Income Trust
(NYSE: EVN) (the "Trust"), a diversified 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 $5,089,344 ($0.223 per common share). From this amount, the Trust
paid dividends on preferred shares of $78,033 (equal to $0.004 for each common
share), resulting in net investment income after the preferred dividends of
$5,011,311 or $0.219 per common share. The Trust's net investment income for
the nine months ended August 31, 2012 was $15,404,345 ($0.676 per common
share, before deduction of the preferred share dividends totaling $0.010 per
common share), resulting in net investment income after the preferred
dividends of $0.666 per common share. In comparison, for the three months
ended August 31, 2011, the Trust had net investment income $5,583,330 ($0.246
per common share). From this amount, the Trust paid dividends on preferred
shares of $61,849 (equal to $0.002 for each common share), resulting in net
investment income after the preferred dividends of $5,521,481 or $0.244 per
common share. The Trust's net investment income for the nine months ended
August 31, 2011 was $17,369,994 ($0.766 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 $0.753 per common
share.

Net realized and unrealized gains for the three months ended August 31, 2012
were $10,358,648 ($0.452 per common share). The Trust's net realized and
unrealized gains for the nine months ended August 31, 2012 were $43,798,137
($1.922 per common share). In comparison, net realized and unrealized gains
for the three months ended August 31, 2011 were $6,427,628 ($0.284 per common
share). The Trust's net realized and unrealized losses for the nine months
ended August 31, 2011 were $7,036,147 ($0.310 per common share).

On August 31, 2012, net assets of the Trust applicable to common shares were
$286,906,190. The net asset value per common share on August 31, 2012 was
$12.58 based on 22,798,844 common shares outstanding. In comparison, on
August 31, 2011, net assets of the Trust applicable to common shares were
$245,018,516. The net asset value per common share on August 31, 2011 was
$10.77 based on 22,742,127 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 calendar 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 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       $   5,089  $   5,583  $  15,404   $  17,370
Net realized and unrealized
gains (losses)
 on investments            10,359       6,428        43,798       (7,036)
Preferred dividends paid    (78)         (62)         (222)        (303)
from net investment income
   Net increase (decrease)
   in net assets
    from operations        $  15,370   $  11,949   $  58,980   $  10,031
Earnings per Common Share
Outstanding
Net investment income       $   0.223  $   0.246  $   0.676  $   0.766
Net realized and unrealized
gains (losses)
 on investments            0.452        0.284        1.922        (0.310)
Preferred dividends paid    (0.004)      (0.002)      (0.010)      (0.013)
from net investment income
   Net increase (decrease)
   in net assets
    from operations        $   0.671  $   0.528  $   2.588  $   0.443
Net investment income       $   0.223  $   0.246  $   0.676  $   0.766
Preferred dividends paid    (0.004)      (0.002)      (0.010)      (0.013)
from net investment income
Net investment income after $   0.219  $   0.244  $   0.666  $   0.753
preferred dividends
Net Asset Value at August
31 (Common Shares)
   Net assets                                        $286,906     $245,019
   Shares outstanding                                22,799       22,742
   Net asset value per                                $12.58       $10.77
   share outstanding
Market Value Summary
(Common Shares)
   Market price on NYSE at                            $14.30       $11.91
   August 31
   High market price                                  $14.30       $12.44
   (period ended August 31)
   Low market price (period                           $12.20       $10.52
   ended August 31)



SOURCE Eaton Vance Management

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