Eaton Vance Tax-Advantaged Dividend Income Fund Report of Earnings

BOSTON, Aug. 14, 2014 /PRNewswire/ -- Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months and nine months ended May 31, 2014. The Fund's fiscal year ends on August 31, 2014.

For the three months ended May 31, 2014, the Fund had net investment income of $25,210,374 ($0.346 per share). For the nine months ended May 31, 2014, the Fund had net investment income of $91,372,110 ($1.254 per share).  In comparison, for the three months ended May 31, 2013, the Fund had net investment income of $43,250,436 ($0.593 per share). For the nine months ended May 31, 2013, the Fund had net investment income of $82,635,267 ($1.134 per share). 

Net realized and unrealized gains for the three months ended May 31, 2014 were $43,234,428 ($0.599 per share) and net realized and unrealized gains for the nine months ended May 31, 2014 were $191,269,637 ($2.626 per share). In comparison, net realized and unrealized gains for the three months ended May 31, 2013 were $49,271,094 ($0.678 per share) and net realized and unrealized gains for the nine months ended May 31, 2013 were $140,018,406 ($1.922 per share).

On May 31, 2014, net assets of the Fund were $1,631,583,396. The net asset value per share on May 31, 2014 was $22.40 based on 72,835,900 shares outstanding. In comparison, on May 31, 2013, net assets of the Fund were $1,484,812,255. The net asset value per share on May 31, 2013 was $20.39 based on 72,835,900 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 $288.2 billion in assets as of July 31, 2014 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 TAX-ADVANTAGED  DIVIDEND INCOME FUND

SUMMARY OF RESULTS OF OPERATIONS

(in thousands, except per share amounts)




















Three Months Ended


Nine Months Ended







May 31,


May 31,


May 31,


May 31,







2014


2013


2014


2013

Gross investment income




$         30,738


$         48,447


$    107,327


$         98,445

Operating expenses





(4,668)


(4,283)


(13,371)


(12,491)

Interest expense





(860)


(914)


(2,584)


(3,319)


Net investment income



$         25,210


$         43,250


$      91,372


$         82,635

Net realized and unrealized gains (losses)









  on investments





$         43,235


$         49,271


$    191,270


$       140,018


Net increase (decrease) in net assets









  from operations




$         68,445


$         92,521


$    282,642


$       222,653














Earnings per Share Outstanding










Gross investment income




$           0.422


$           0.666


$        1.474


$           1.352

Operating expenses





(0.065)


(0.060)


(0.184)


(0.172)

Interest expense





(0.011)


(0.013)


(0.036)


(0.046)


Net investment income 



$           0.346


$           0.593


$        1.254


$           1.134

Net realized and unrealized gains (losses)









  on investments





$           0.599


$           0.678


$        2.626


$           1.922


Net increase (decrease) in net assets









  from operations




$           0.945


$           1.271


$        3.880


$           3.056



























Net Asset Value at May 31












Net assets  








$ 1,631,583


$    1,484,812


Shares outstanding 







72,836


72,836


Net asset value per share outstanding





$        22.40


$           20.39














Market Value Summary 












Market price on NYSE at May 31






$        20.33


$           18.82


High market price (period ended May 31)





$        20.33


$           20.16


Low market price (period ended May 31)





$        17.59


$           15.96














 

SOURCE Eaton Vance Management



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