Eaton Vance Tax-Advantaged Dividend Income Fund Report of Earnings

BOSTON, July 25, 2011 /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, 2011.  The Fund's fiscal year ends on August 31, 2011.

For the three months ended May 31, 2011, the Fund had net investment income of $41,754,068 ($0.573 per share). For the nine months ended May 31, 2011, the Fund had net investment income of $84,427,978 ($1.159 per share).  In comparison, for the three months ended May 31, 2010, the Fund had net investment income of $39,025,240 ($0.535 per share). For the nine months ended May 31, 2010, the Fund had net investment income of $70,755,426 ($0.971 per share).

Net realized and unrealized gains for the three months ended May 31, 2011 were $14,489,299 ($0.202 per share) and net realized and unrealized gains for the nine months ended May 31, 2011 were $234,603,541 ($3.221 per share). In comparison, net realized and unrealized losses for the three months ended May 31, 2010 were $89,683,483 ($1.235 per share) and net realized and unrealized gains for the nine months ended May 31, 2010 were $7,606,531 ($0.104 per share).

On May 31, 2011, net assets of the Fund were $1,410,281,739.  The net asset value per share on May 31, 2011 was $19.36 based on 72,835,900 shares outstanding.  In comparison, on May 31, 2010, net assets of the Fund were $1,124,156,823.  The net asset value per share on May 31, 2010 was $15.43 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 calendar quarter-end are also posted to the website approximately 30 days following quarter-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 $200.0 billion in assets as of June 30, 2011, 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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