BOSTON, Nov. 19 /PRNewswire-FirstCall/ -- Eaton Vance Massachusetts Municipal Income Trust (NYSE Amex: MMV) (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, 2009. The Trust's fiscal year ends on November 30, 2009. For the three months ended August 31, 2009, the Trust had net investment income of $638,726 ($0.235 per common share). From this amount, the Trust paid dividends on preferred shares of $25,396 (equal to $0.009 for each common share), resulting in net investment income after the preferred dividends of $613,330, or $0.226 per common share. The Trust's net investment income for the nine months ended August 31, 2009 was $1,958,733 ($0.721 per common share, before deduction of the preferred share dividends totaling $0.041 per common share), resulting in net investment income after the preferred dividends of $0.680 per common share. In comparison, for the three months ended August 31, 2008, the Trust had net investment income of $639,998 ($0.235 per common share). From this amount, the Trust paid dividends on preferred shares of $141,537 (equal to $0.052 for each common share), resulting in net investment income after the preferred dividends of $498,461, or $0.183 per common share. The Trust's net investment income for the nine months ended August 31, 2008 was $1,933,734 ($0.712 per common share, before deduction of the preferred share dividends totaling $0.195 per common share), resulting in net investment income after the preferred dividends of $0.517 per common share. Net realized and unrealized gains for the three months ended August 31, 2009 were $1,522,489 ($0.559 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2009 were $7,961,208 ($2.928 per common share). In comparison, net realized and unrealized losses for the three months ended August 31, 2008 were $1,815,615 ($0.670 per common share). The Trust's net realized and unrealized losses for the nine months ended August 31, 2008 were $3,485,904 ($1.284 per common share). On August 31, 2009, net assets of the Trust applicable to common shares were $35,851,779. The net asset value per common share on August 31, 2009 was $13.17 based on 2,723,203 common shares outstanding. In comparison, on August 31, 2008, net assets of the Trust applicable to common shares were $36,952,841. The net asset value per common share on August 31, 2008 was $13.62 based on 2,714,063 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 $157.0 billion in assets as of September 30, 2009 offering individuals and institutions a broad array of investment products 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 http://www.eatonvance.com/. EATON VANCE MASSACHUSETTS MUNICIPAL INCOME TRUST SUMMARY OF RESULTS OF OPERATIONS (in thousands, except per share amounts) Three Months Nine Months Ended Ended August 31, August 31, ----------- ---------- 2009 2008 2009 2008 ---- ---- ---- ---- Net investment income $639 $640 $1,959 $1,934 Net realized and unrealized gains (losses) on investments 1,522 (1,816) 7,961 (3,486) Preferred dividends paid from net investment income (1) (25) (142) (111) (529) --- ---- ---- ---- Net increase (decrease) in net assets from operations $2,136 $(1,318) $9,809 $(2,081) ====== ======= ====== ======= Earnings per Common Share Outstanding ------------------------------------- Net investment income $0.235 $0.235 $0.721 $0.712 Net realized and unrealized gains (losses) on investments 0.559 (0.670) 2.928 (1.284) Preferred dividends paid from net investment income (1) (0.009) (0.052) (0.041) (0.195) ------ ------ ------ ------ Net increase (decrease) in net assets from operations $0.785 $(0.487) $3.608 $(0.767) ====== ======= ====== ======= Net investment income $0.235 $0.235 $0.721 $0.712 Preferred dividends paid from net investment income (1) (0.009) (0.052) (0.041) (0.195) ------ ------ ------ ------ Net investment income after preferred dividends $0.226 $0.183 $0.680 $0.517 ====== ====== ====== ====== Net Asset Value at August 31 (Common Shares) ---------------------------- Net assets $35,852 $36,953 Shares outstanding 2,723 2,714 Net asset value per share outstanding $13.17 $13.62 Market Value Summary (Common Shares) ------------------------------------ Market price on NYSE Amex at August 31 $13.57 $13.06 High market price (period ended August 31) $13.75 $14.05 Low market price (period ended August 31) $8.00 $12.25 (1) During the year ended November 30, 2008, the Trust made a partial redemption of its preferred shares. DATASOURCE: Eaton Vance Management CONTACT: Investor Contact for Eaton Vance Management, +1-800-262-1122 Web Site: http://www.eatonvance.com/

Copyright