Eaton Vance New York Municipal Income Trust Report of Earnings

BOSTON, April 29 /PRNewswire-FirstCall/ -- Eaton Vance New York Municipal Income Trust (NYSE Amex: EVY) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three months ended February 28, 2010. The Trust's fiscal year ends on November 30, 2010.

For the three months ended February 28, 2010, the Trust had net investment income of $1,274,629 ($0.236 per common share).  From this amount, the Trust paid dividends on preferred shares of $30,031 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $1,244,598, or $0.230 per common share. In comparison, for the three months ended February 28, 2009, the Trust had net investment income of $1,298,281 ($0.241 per common share).  From this amount, the Trust paid dividends on preferred shares of $87,007 (equal to $0.016 for each common share), resulting in net investment income after the preferred dividends of $1,211,274, or $0.225 per common share.

Net realized and unrealized gains for the three months ended February 28, 2010 were $2,884,864 ($0.533 per common share). In comparison, net realized and unrealized gains for the three months ended February 28, 2009 were $7,632,855 ($1.419 per common share).

On February 28, 2010, net assets of the Trust applicable to common shares were $72,892,556. The net asset value per common share on February 28, 2010 was $13.46 based on 5,416,576 common shares outstanding. In comparison, on February 28, 2009, net assets of the Trust applicable to common shares were $58,128,048.  The net asset value per common share on February 28, 2009 was $10.80 based on 5,380,418 common shares outstanding.

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 $173.1 billion in assets as of March 31, 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.

SOURCE Eaton Vance Management

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