BOSTON, July 17 /PRNewswire-FirstCall/ -- Eaton Vance Floating-Rate Income Trust (NYSE:EFT) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three months and year ended May 31, 2009. The Trust's fiscal year ended on May 31, 2009. For the three months ended May 31, 2009, the Trust had net investment income of $7,909,299 ($0.211 per common share). From this amount, the Trust paid dividends on preferred shares of $627,822 (equal to $0.017 for each common share), resulting in net investment income after the preferred dividends of $7,281,477 or $0.194 per common share. For the year ended May 31, 2009, the Trust had net investment income of $42,452,130 ($1.136 per common share). From this amount, the Trust paid dividends on preferred shares of $4,132,420 (equal to $0.111 for each common share), resulting in net investment income after the preferred dividends of $38,319,710 or $1.025 per common share. In comparison, for the three months ended May 31, 2008, the Trust had net investment income of $14,965,801 ($0.401 per common share). From this amount, the Trust paid dividends on preferred shares of $3,913,789 (equal to $0.104 for each common share), resulting in net investment income after the preferred dividends of $11,052,012 or $0.297 per common share. For the year ended May 31, 2008, the Trust had net investment income of $74,779,522 ($2.002 per common share). From this amount, the Trust paid dividends on preferred shares of $21,490,060 (equal to $0.575 for each common share), resulting in net investment income after the preferred dividends of $53,289,462 or $1.427 per common share. Net realized and unrealized gains for the three months ended May 31, 2009 were $82,439,926 ($2.205 per common share) and net realized and unrealized losses for the year ended May 31, 2009 were $183,627,234 ($4.917 per common share). In comparison, net realized and unrealized gains for the three months ended May 31, 2008 were $32,770,021 ($0.874 per common share). The Trust's net realized and unrealized losses for the year ended May 31, 2008 were $100,779,258 ($2.701 per common share). On May 31, 2009, net assets of the Trust applicable to common shares were $425,899,107. The net asset value per common share on May 31, 2009 was $11.39 based on 37,378,350 common shares outstanding. In comparison, on May 31, 2008, net assets of the Trust applicable to common shares were $608,309,708. The net asset value per common share on May 31, 2008 was $16.28 based on 37,356,040 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 $136.7 billion in assets as of May 31, 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 FLOATING-RATE INCOME TRUST SUMMARY OF RESULTS OF OPERATIONS (in thousands, except per share amounts) Three Months Ended Year Ended May 31, May 31, ------- ------- 2009 2008 2009 2008 ---- ---- ---- ---- Gross investment income $9,740 $17,522 $56,557 $83,259 Operating expenses (1,831) (2,556) (14,105) (8,479) ------ ------ ------- ------ Net investment income $7,909 $14,966 $42,452 $74,780 Net realized and unrealized gains (losses) on investments $82,440 $32,770 ($183,627) ($100,780) Preferred dividends paid from net investment income (628) (3,914) (4,132) (21,490) Net increase (decrease) in net assets from operations $89,721 $43,822 ($145,307) ($47,490) ======= ======= ========= ======== Earnings per Share Outstanding ------------------------------ Gross investment income $0.260 $0.469 $1.514 $2.229 Operating expenses (0.049) (0.068) (0.378) (0.227) ------ ------ ------ ------ Net investment income $0.211 $0.401 $1.136 $2.002 Net realized and unrealized gains (losses) on investments $2.205 $0.874 ($4.917) ($2.701) Preferred dividends paid from net investment income (0.017) (0.104) (0.111) (0.575) ------ ------ ------ ------ Net increase (decrease) in net assets from operations $2.399 $1.171 ($3.892) ($1.274) ====== ====== ======= ======= Net investment income $0.211 $0.401 $1.136 $2.002 Preferred dividends paid from net investment income (0.017) (0.104) (0.111) (0.575) ------ ------ ------ ------ Net investment income after preferred dividends $0.194 $0.297 $1.025 $1.427 ====== ====== ====== ====== Net Asset Value at May 31 (Common Shares) ----------------------------------------- Net assets (000) $425,899 $608,310 Shares outstanding (000) 37,378 37,356 Net asset value per share outstanding $11.39 $16.28 Market Value Summary (Common Shares) ------------------------------------ Market price on NYSE at May 31 $10.33 $15.13 High market price (year ended May 31) $15.27 $19.51 Low market price (year ended May 31) $6.72 $13.49 DATASOURCE: Eaton Vance Management CONTACT: Investor Contact of Eaton Vance Management, +1-800-262-1122 Web Site: http://www.eatonvance.com/

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