Eaton Vance Ohio Municipal Income Trust Report of Earnings

BOSTON, Nov. 16, 2010 /PRNewswire-FirstCall/ -- Eaton Vance Ohio Municipal Income Trust (NYSE Amex: EVO) (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, 2010.  The Trust's fiscal year ends on November 30, 2010.

For the three months ended August 31, 2010, the Trust had net investment income of $646,418 ($0.228 per common share).  From this amount, the Trust paid dividends on preferred shares of $24,191 (equal to $0.008 for each common share), resulting in net investment income after the preferred dividends of $622,227, or $0.220 per common share. The Trust's net investment income for the nine months ended August 31, 2010 was $1,927,813 ($0.680 per common share, before deduction of the preferred share dividends totaling $0.024 per common share), resulting in net investment income after the preferred dividends of $0.656 per common share. In comparison, for the three months ended August 31, 2009, the Trust had net investment income of $668,607 ($0.236 per common share).  From this amount, the Trust paid dividends on preferred shares of $28,536 (equal to $0.010 for each common share), resulting in net investment income after the preferred dividends of $640,071, or $0.226 per common share. The Trust's net investment income for the nine months ended August 31, 2009 was $2,031,805 ($0.718 per common share, before deduction of the preferred share dividends totaling $0.046 per common share), resulting in net investment income after the preferred dividends of $0.672 per common share.

Net realized and unrealized gains for the three months ended August 31, 2010 were $1,278,473 ($0.452 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2010 were $2,134,185 ($0.752 per common share). In comparison, net realized and unrealized gains for the three months ended August 31, 2009 were $1,044,241 ($0.368 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2009 were $6,756,176 ($2.388 per common share).

On August 31, 2010, net assets of the Trust applicable to common shares were $40,498,899.  The net asset value per common share on August 31, 2010 was $14.26 based on 2,840,727 common shares outstanding. In comparison, on August 31, 2009, net assets of the Trust applicable to common shares were $36,630,387. The net asset value per common share on August 31, 2009 was $12.94 based on 2,831,387 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 $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.

SOURCE Eaton Vance Management

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