Eaton Vance Enhanced Equity Income Fund Report Of Earnings

          Eaton Vance Enhanced Equity Income Fund Report Of Earnings

PR Newswire

BOSTON, June 14, 2013

BOSTON, June 14, 2013 /PRNewswire/ --Eaton Vance Enhanced Equity Income Fund
(NYSE: EOI), a diversified closed-end management investment company, today
announced the earnings of the Fund for the three months and six months ended
March 31, 2013. The Fund's fiscal year ends on September 30, 2013.

For the three months ended March 31, 2013, the Fund had net investment income
of $836,838 ($0.022 per common share). For the six months ended March 31,
2013, the Fund had net investment income of $2,915,358 ($0.074 per common
share). In comparison, for the three months ended March 31, 2012, the Fund had
net investment income of $850,198 ($0.021 per common share). For the six
months ended March 31, 2012, the Fund had net investment income of $1,854,898
($0.046 per common share).

Net realized and unrealized gains for the three months ended March 31, 2013
were $39,236,530 ($1.002 per common share) and net realized and unrealized
gains for the six months ended March 31, 2013 were $34,869,889 ($0.892 per
common share). In comparison, net realized and unrealized gains for the three
months ended March 31, 2012 were $47,630,611 ($1.198 per common share) and net
realized and unrealized gains for the six months ended March 31, 2012 were
$88,465,044 ($2.220 per common share).

On March 31, 2013, net assets of the Fund were $515,028,978. The net asset
value per common share on March 31, 2013 was $13.12 based on 39,268,049 common
shares outstanding. In comparison, on March 31, 2012, net assets of the Fund
were $514,314,224. The net asset value per common share on March 31, 2012 was
$12.87 based on 39,970,049 common shares outstanding.

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

The Fund 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 $260.3 billion in assets as of April 30, 2013,
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 ENHANCED EQUITY INCOME FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                         Three Months Ended       Six Months Ended
                         March 31,                March 31,
                         2013         2012        2013        2012
Gross investment income  $          $         $         $   4,672
                         2,274       2,294       5,772
Operating expenses       (1,438)      (1,444)     (2,857)     (2,817)
  Net investment income  $        $        $         $   1,855
                         836          850        2,915
Net realized and
unrealized gains         $  39,237  $  47,631  $  34,870  $  88,465
(losses) on investments
  Net increase
  (decrease) in net      $  40,073  $  48,481  $  37,785  $  90,320
  assets from
  operations
Earnings per Common
Share Outstanding
Gross investment income  $          $         $         $   0.117
                         0.058       0.058       0.146
Operating expenses       (0.036)      (0.037)     (0.072)     (0.071)
  Net investment         $          $         $         $   0.046
  income                0.022       0.021       0.074
Net realized and         $          $         $  
unrealized gains         1.002       1.198       0.892       $   2.220
(losses) on investments
  Net increase
  (decrease) in net      $          $         $         $   2.266
  assets from            1.024       1.219       0.966
  operations
Net Asset Value at
March 31 (Common
Shares)
  Net assets                                    $ 515,029   $ 514,314
  Shares outstanding                             39,268      39,970
  Net asset value per                             $  13.12  $   12.87
  share outstanding
Market Value Summary
(Common Shares)
  Market price on NYSE                            $  11.68  $   11.06
  at March 31
  High market price
  (period ended March                             $  11.71  $   11.25
  31)
  Low market price                                            $   
  (period ended March                             $  10.16  9.42
  31)



SOURCE Eaton Vance Management

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