Eaton Vance Tax-Advantaged Dividend Income Fund Report of Earnings

Oct 29, 2010, 12:20 ET from Eaton Vance Management

BOSTON, Oct. 29 /PRNewswire-FirstCall/ -- 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 year ended August 31, 2010.  The Fund's fiscal year ended on August 31, 2010.

For the three months ended August 31, 2010, the Fund had net investment income of $26,198,740 ($0.360 per share). For the year ended August 31, 2010, the Fund had net investment income of $96,954,166 ($1.331 per share).  In comparison, for the three months ended August 31, 2009, the Fund had net investment income of $12,188,589 ($0.167 per share). For the year ended August 31, 2009, the Fund had net investment income of $89,399,014 ($1.227 per share).  

Net realized and unrealized gains for the three months ended August 31, 2010 were $34,939,468 ($0.485 per share) and net realized and unrealized gains for the year ended August 31, 2010 were $42,545,999 ($0.589 per share). In comparison, net realized and unrealized gains for the three months ended August 31, 2009 were $117,872,977 ($1.613 per  share) and net realized and unrealized losses for the year ended August 31, 2009 were $637,435,774 ($8.757 per  share).

On August 31, 2010, net assets of the Fund were $1,161,717,222.  The net asset value per share on August 31, 2010 was $15.95 based on 72,835,900 shares outstanding.  In comparison, on August 31, 2009, net assets of the Fund were $1,116,175,367.  The net asset value per share on August 31, 2009 was $15.32 based on 72,835,900 shares outstanding.  

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 $180.7 billion in assets as of September 30, 2010, 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

Year Ended

August 31, 

August 31,

2010

2009

2010

2009

Gross investment income

$ 30,612

$   16,588

$    114,391

$    110,702

Operating expenses

(2,429)

(2,691)

(12,632)

(11,115)

Interest expense

(1,984)

(1,708)

(4,805)

(10,188)

Net investment income

$ 26,199

$   12,189

$      96,954

$      89,399

Net realized and unrealized gains (losses)

 on investments

$ 34,939

$ 117,873

$      42,546

$  (637,436)

Net increase (decrease) in net assets

 from operations

$ 61,138

$ 130,062

$    139,500

$  (548,037)

Earnings per Share Outstanding

Gross investment income

$   0.420

$     0.228

$        1.570

$        1.520

Operating expenses

(0.033)

(0.037)

(0.173)

(0.153)

Interest expense

(0.027)

(0.024)

(0.066)

(0.140)

Net investment income

$   0.360

$     0.167

$        1.331

$        1.227

Net realized and unrealized gains (losses)

 on investments

$   0.485

$     1.613

$        0.589

$      (8.757)

Net increase (decrease) in net assets

 from operations

$   0.845

$     1.780

$        1.920

$      (7.530)

Net Asset Value at August 31

Net assets

$ 1,161,717

$ 1,116,175

Shares outstanding

72,836

72,836

Net asset value per share outstanding

$        15.95

$        15.32

Market Value Summary

Market price on NYSE at August 31

$        14.75

$        13.92

High market price (period ended August 31)

$        16.80

$        21.05

Low market price (period ended August 31)

$        13.47

$          6.81

SOURCE Eaton Vance Management



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http://www.eatonvance.com