Eaton Vance California Municipal Income Trust Report Of Earnings

BOSTON, Nov. 24, 2014 /PRNewswire/ -- Eaton Vance California Municipal Income Trust (NYSE MKT: CEV) (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, 2014. The Trust's fiscal year ends on November 30, 2014.

For the three months ended August 31, 2014, the Trust had net investment income of $1,379,582 ($0.190 per common share).  From this amount, the Trust paid dividends on preferred shares of $13,539 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $1,366,043, or $0.188 per common share. The Trust's net investment income for the nine months ended August 31, 2014 was $4,134,503 ($0.569 per common share, before deduction of the preferred share dividends totaling $0.006 per common share), resulting in net investment income after the preferred dividends of $0.563 per common share. In comparison, for the three months ended August 31, 2013, the Trust had net investment income of $1,384,158 ($0.191 per common share).  From this amount, the Trust paid dividends on preferred shares of $14,753 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $1,369,405, or $0.189 per common share. The Trust's net investment income for the nine months ended August 31, 2013 was $4,128,190 ($0.569 per common share, before deduction of the preferred share dividends totaling $0.010 per common share), resulting in net investment income after the preferred dividends of $0.559 per common share.

Net realized and unrealized gains for the three months ended August 31, 2014 were $1,384,171 ($0.189 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2014 were $9,533,550 ($1.313 per common share). In comparison, net realized and unrealized losses for the three months ended August 31, 2013 were $13,879,892 ($1.907 per common share). The Trust's net realized and unrealized losses for the nine months ended August 31, 2013 were $18,905,225 ($2.604 per common share).

On August 31, 2014, net assets of the Trust applicable to common shares were $100,800,595. The net asset value per common share on August 31, 2014 was $13.88 based on 7,261,075 common shares outstanding.  In comparison, on August 31, 2013, net assets of the Trust applicable to common shares were $87,216,139. The net asset value per common share on August 31, 2013 was $12.01 based on 7,261,075 common shares outstanding.

The Trust 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").  Trust portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following month-end.

The Trust is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. 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 $297.7 billion in assets as of October 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.

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SOURCE Eaton Vance Management