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Eaton Vance Tax-Advantaged Dividend Income Fund Report of Earnings

BOSTON, Aug. 14, 2014 /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, 2014. The Fund's fiscal year ends on August 31, 2014.

For the three months ended May 31, 2014, the Fund had net investment income of $25,210,374 ($0.346 per share). For the nine months ended May 31, 2014, the Fund had net investment income of $91,372,110 ($1.254 per share).  In comparison, for the three months ended May 31, 2013, the Fund had net investment income of $43,250,436 ($0.593 per share). For the nine months ended May 31, 2013, the Fund had net investment income of $82,635,267 ($1.134 per share). 

Net realized and unrealized gains for the three months ended May 31, 2014 were $43,234,428 ($0.599 per share) and net realized and unrealized gains for the nine months ended May 31, 2014 were $191,269,637 ($2.626 per share). In comparison, net realized and unrealized gains for the three months ended May 31, 2013 were $49,271,094 ($0.678 per share) and net realized and unrealized gains for the nine months ended May 31, 2013 were $140,018,406 ($1.922 per share).

On May 31, 2014, net assets of the Fund were $1,631,583,396. The net asset value per share on May 31, 2014 was $22.40 based on 72,835,900 shares outstanding. In comparison, on May 31, 2013, net assets of the Fund were $1,484,812,255. The net asset value per share on May 31, 2013 was $20.39 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 month-end are also posted to the website approximately 30 days following month-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 $288.2 billion in assets as of July 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.



(in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

May 31,

May 31,

May 31,

May 31,





Gross investment income

$         30,738

$         48,447

$    107,327

$         98,445

Operating expenses





Interest expense





Net investment income

$         25,210

$         43,250

$      91,372

$         82,635

Net realized and unrealized gains (losses)

  on investments

$         43,235

$         49,271

$    191,270

$       140,018

Net increase (decrease) in net assets

  from operations

$         68,445

$         92,521

$    282,642

$       222,653

Earnings per Share Outstanding

Gross investment income

$           0.422

$           0.666

$        1.474

$           1.352

Operating expenses





Interest expense





Net investment income 

$           0.346

$           0.593

$        1.254

$           1.134

Net realized and unrealized gains (losses)

  on investments

$           0.599

$           0.678

$        2.626

$           1.922

Net increase (decrease) in net assets

  from operations

$           0.945

$           1.271

$        3.880

$           3.056

Net Asset Value at May 31

Net assets  

$ 1,631,583

$    1,484,812

Shares outstanding 



Net asset value per share outstanding

$        22.40

$           20.39

Market Value Summary 

Market price on NYSE at May 31

$        20.33

$           18.82

High market price (period ended May 31)

$        20.33

$           20.16

Low market price (period ended May 31)

$        17.59

$           15.96


SOURCE Eaton Vance Management

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