November 12, 2012 at 16:31 PM EST
Eaton Vance Ohio Municipal Income Trust Report Of Earnings

BOSTON, Nov. 12, 2012 /PRNewswire/ -- Eaton Vance Ohio Municipal Income Trust (NYSE MKT: 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, 2012.  The Trust's fiscal year ends on November 30, 2012.

For the three months ended August 31, 2012, the Trust had net investment income of $556,886 ($0.195 per common share).  From this amount, the Trust paid dividends on preferred shares of $14,893 (equal to $0.006 for each common share), resulting in net investment income after the preferred dividends of $541,993, or $0.189 per common share. The Trust's net investment income for the nine months ended August 31, 2012 was $1,699,032 ($0.595 per common share, before deduction of the preferred share dividends totaling $0.015 per common share), resulting in net investment income after the preferred dividends of $0.580 per common share. In comparison, for the three months ended August 31, 2011, the Trust had net investment income of $608,683 ($0.214 per common share).  From this amount, the Trust paid dividends on preferred shares of $11,742 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $596,941, or $0.210 per common share. The Trust's net investment income for the nine months ended August 31, 2011 was $1,837,784 ($0.645 per common share, before deduction of the preferred share dividends totaling $0.020 per common share), resulting in net investment income after the preferred dividends of $0.625 per common share.

Net realized and unrealized gains for the three months ended August 31, 2012 were $996,719 ($0.348 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2012 were $5,092,231 ($1.783 per common share). In comparison, net realized and unrealized gains for the three months ended August 31, 2011 were $1,404,477 ($0.496 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2011 were $504,585 ($0.177 per common share).

On August 31, 2012, net assets of the Trust applicable to common shares were $43,370,658.  The net asset value per common share on August 31, 2012 was $15.18 based on 2,856,641 common shares outstanding. In comparison, on August 31, 2011, net assets of the Trust applicable to common shares were $38,006,636.  The net asset value per common share on August 31, 2011 was $13.31 based on 2,854,594 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. (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 $198.2 billion in assets as of September 30, 2012, 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 OHIO MUNICIPAL INCOME TRUST


SUMMARY OF RESULTS OF OPERATIONS


(in thousands, except per share amounts)














Three Months Ended


Nine Months Ended




August 31,


August 31,




2012


2011


2012


2011


Net investment income

$      557


$      609


$   1,699


$   1,838


Net realized and unrealized gains (losses)









  on investments

997


1,404


5,092


505


Preferred dividends paid from net investment income

(15)


(12)


(42)


(58)



Net increase (decrease) in net assets










  from operations

$   1,539


$   2,001


$   6,749


$   2,285












Earnings per Common Share Outstanding









Net investment income

$   0.195


$   0.214


$   0.595


$   0.645


Net realized and unrealized gains (losses)









  on investments

0.348


0.496


1.783


0.177


Preferred dividends paid from net investment income

(0.006)


(0.004)


(0.015)


(0.020)



Net increase (decrease) in net assets










  from operations

$   0.537


$   0.706


$   2.363


$   0.802












Net investment income

$   0.195


$   0.214


$   0.595


$   0.645


Preferred dividends paid from net investment income 

(0.006)


(0.004)


(0.015)


(0.020)


Net investment income after preferred dividends

$   0.189


$   0.210


$   0.580


$   0.625












Net Asset Value at August 31 (Common Shares)










Net assets 





$43,371


$38,007



Shares outstanding 





2,857


2,855



Net asset value per share outstanding





$15.18


$13.31












Market Value Summary (Common Shares)










Market price on NYSE MKT at August 31





$15.74


$12.78



High market price (period ended August 31)





$15.82


$13.57



Low market price (period ended August 31)





$13.31


$11.40












 

SOURCE Eaton Vance Management

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