Eaton Vance California Municipal Income Trust Report Of Earnings

       Eaton Vance California Municipal Income Trust Report Of Earnings

PR Newswire

BOSTON, Jan. 31, 2013

BOSTON, Jan. 31, 2013 /PRNewswire/ -- Eaton Vance California Municipal Income
Trust (NYSE MKT: CEV) (the "Trust"), a closed-end management investment
company, today announced the earnings of the Trust for the three months and
year ended November 30, 2012. The Trust's fiscal year ended on November 30,
2012.

For the three months ended November 30, 2012, the Trust had net investment
income of $1,382,387 ($0.191 per common share). From this amount, the Trust
paid dividends on preferred shares of $35,318 (equal to $0.005 for each common
share), resulting in net investment income after the preferred dividends of
$1,347,069, or $0.186 per common share. The Trust's net investment income for
the year ended November 30, 2012 was $5,734,651 ($0.791 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
$0.773 per common share. In comparison, for the three months ended November
30, 2011, the Trust had net investment income of $1,564,336 ($0.217 per common
share). From this amount, the Trust paid dividends on preferred shares of
$28,952 (equal to $0.004 for each common share), resulting in net investment
income after the preferred dividends of $1,535,384, or $0.213 per common
share. The Trust's net investment income for the year ended November 30, 2011
was $6,690,748 ($0.926 per common share, before deduction of the preferred
share dividends totaling $0.022 per common share), resulting in net investment
income after the preferred dividends of $0.904 per common share.

Net realized and unrealized gains for the three months ended November 30, 2012
were $4,370,269 ($0.602 per common share). The Trust's net realized and
unrealized gains for the year ended November 30, 2012 were $16,799,231 ($2.316
per common share). In comparison, net realized and unrealized gains for the
three months ended November 30, 2011 were $952,161 ($0.130 per common share).
The Trust's net realized and unrealized gains for the year ended November 30,
2011 were $28,169 ($0.002 per common share).

On November 30, 2012, net assets of the Trust applicable to common shares were
$106,366,858. The net asset value per common share on November 30, 2012 was
$14.66 based on 7,257,591 common shares outstanding. In comparison, on
November 30, 2011, net assets of the Trust applicable to common shares were
$89,861,706. The net asset value per common share on November 30, 2011 was
$12.41 based on 7,243,893 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 $238.4 billion in assets as of December 31, 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 CALIFORNIA MUNICIPAL INCOME TRUST
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                            Three Months Ended        Year Ended
                            November 30,             November 30,
                            2012         2011         2012         2011
Net investment income       $   1,382  $   1,564  $   5,735  $   6,691
Net realized and unrealized
gains (losses)
 on investments            4,370        952          16,799       28
Preferred dividends paid    (35)         (29)         (128)        (157)
from net investment income
   Net increase (decrease)
   in net assets
    from operations        $   5,717  $   2,487  $  22,406   $   6,562
Earnings per Common Share
Outstanding
Net investment income       $   0.191  $   0.217  $   0.791  $   0.926
Net realized and unrealized
gains (losses)
 on investments            0.602        0.130        2.316        0.002
Preferred dividends paid    (0.005)      (0.004)      (0.018)      (0.022)
from net investment income
   Net increase (decrease)
   in net assets
    from operations        $   0.788  $   0.343  $   3.089  $   0.906
Net investment income       $   0.191  $   0.217  $   0.791  $   0.926
Preferred dividends paid    (0.005)      (0.004)      (0.018)      (0.022)
from net investment income
Net investment income after $   0.186  $   0.213  $   0.773  $   0.904
preferred dividends
Net Asset Value at November
30 (Common Shares)
   Net assets                                        $106,367     $89,862
   Shares outstanding                                7,258        7,244
   Net asset value per                                $14.66       $12.41
   share outstanding
Market Value Summary
(Common Shares)
   Market price on NYSE MKT                           $14.68       $12.77
   at November 30
   High market price
   (period ended November                             $14.85       $13.02
   30)
   Low market price (period                           $12.89       $10.80
   ended November 30)

SOURCE Eaton Vance Management

Website: http://www.eatonvance.com
Contact: Investor, 1-800-262-1122
 
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