Eaton Vance Pennsylvania Municipal Income Trust Report Of Earnings

      Eaton Vance Pennsylvania Municipal Income Trust Report Of Earnings

PR Newswire

BOSTON, Nov. 26, 2013

BOSTON, Nov. 26, 2013 /PRNewswire/ -- Eaton Vance Pennsylvania Municipal
Income Trust (NYSE MKT: EVP) (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, 2013. The Trust's fiscal year ends on
November 30, 2013.

For the three months ended August 31, 2013, the Trust had net investment
income of $508,055 ($0.186 per common share). From this amount, the Trust
paid dividends on preferred shares of $6,167 (equal to $0.003 for each common
share), resulting in net investment income after the preferred dividends of
$501,888, or $0.183 per common share. The Trust's net investment income for
the nine months ended August 31, 2013 was $1,521,509 ($0.559 per common share,
before deduction of the preferred share dividends totaling $0.011 per common
share), resulting in net investment income after the preferred dividends of
$0.548 per common share. In comparison, for the three months ended August 31,
2012, the Trust had net investment income of $537,502 ($0.198 per common
share). From this amount, the Trust paid dividends on preferred shares of
$13,749 (equal to $0.005 for each common share), resulting in net investment
income after the preferred dividends of $523,753, or $0.193 per common share.
The Trust's net investment income for the nine months ended August 31, 2012
was $1,627,307 ($0.599 per common share, before deduction of the preferred
share dividends totaling $0.015 per common share), resulting in net investment
income after the preferred dividends of $0.584 per common share.

Net realized and unrealized losses for the three months ended August 31, 2013
were $4,566,958 ($1.672 per common share). The Trust's net realized and
unrealized losses for the nine months ended August 31, 2013 were $6,577,317
($2.418 per common share). In comparison, net realized and unrealized gains
for the three months ended August 31, 2012 were $609,809 ($0.217 per common
share). The Trust's net realized and unrealized gains for the nine months
ended August 31, 2012 were $3,072,598 ($1.130 per common share).

On August 31, 2013, net assets of the Trust applicable to common shares were
$33,497,188. The net asset value per common share on August 31, 2013 was
$12.31 based on 2,720,414 common shares outstanding. In comparison, on August
31, 2012, net assets of the Trust applicable to common shares were
$38,997,220. The net asset value per common share on August 31, 2012 was
$14.34 based on 2,719,037 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 $280.7 billion in assets as of October 31, 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 PENNSYLVANIA MUNICIPAL INCOME TRUST
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
                             Three Months Ended        Nine Months Ended
                             August 31,                August 31,
                             2013         2012         2013        2012
Net investment income        $    508  $    538  $  1,522  $  1,627
Net realized and unrealized
gains (losses)
 on investments             (4,567)      610          (6,577)     3,073
Preferred dividends paid     (6)          (14)         (29)        (40)
from net investment income
    Net increase (decrease)
    in net assets
     from operations        $ (4,065)   $  1,134   $ (5,084)  $  4,660
Earnings per Common Share
Outstanding
Net investment income        $  0.186   $  0.198   $  0.559  $  0.599
Net realized and unrealized
gains (losses)
 on investments             (1.672)      0.217        (2.418)     1.130
Preferred dividends paid     (0.003)      (0.005)      (0.011)     (0.015)
from net investment income
    Net increase (decrease)
    in net assets
     from operations        $ (1.489)   $  0.410   $ (1.870)  $  1.714
Net investment income        $  0.186   $  0.198   $  0.559  $  0.599
Preferred dividends paid     (0.003)      (0.005)      (0.011)     (0.015)
from net investment income
Net investment income after  $  0.183   $  0.193   $  0.548  $  0.584
preferred dividends
Net Asset Value at August 31
(Common Shares)
    Net assets                                        $33,497     $38,997
    Shares outstanding                                2,720       2,719
    Net asset value per                                $12.31      $14.34
    share outstanding
Market Value Summary (Common
Shares)
    Market price on NYSE MKT                           $11.01      $14.40
    at August 31
    High market price                                  $15.53      $14.74
    (period ended August 31)
    Low market price (period                           $10.90      $13.35
    ended August 31)



SOURCE Eaton Vance Management

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