REPORT OF EARNINGS BOSTON, Jan. 14 /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 the six months ended November 30, 2009. The Trust's fiscal year ends on May 31, 2010. For the three months ended November 30, 2009, the Trust had net investment income of $9,397,600 ($0.252 per common share). From this amount, the Trust paid dividends on preferred shares of $469,779 (equal to $0.013 for each common share), resulting in net investment income after the preferred dividends of $8,927,821 or $0.239 per common share. For the six months ended November 30 2009, the Trust had net investment income of $18,679,408 ($0.500 per common share). From this amount, the Trust paid dividends on preferred shares of $1,038,952 (equal to $0.028 for each common share), resulting in net investment income after the preferred dividends of $17,640,456 or $0.472 per common share. In comparison, for the three months ended November 30, 2008, the Trust had net investment income of $12,623,038 ($0.338 per common share). From this amount, the Trust paid dividends on preferred shares of $1,488,530 (equal to $0.040 for each common share), resulting in net investment income after the preferred dividends of $11,134,508 or $0.298 per common share. For the six months ended November 30, 2008, the Trust had net investment income of $24,873,894 ($0.666 per common share). From this amount, the Trust paid dividends on preferred shares of $2,822,374 (equal to $0.076 for each common share), resulting in net investment income after the preferred dividends of $22,051,520, or $0.590 per common share. Net realized and unrealized gains for the three months ended November 30, 2009 were $24,461,382 ($0.663 per common share). The Trust's net realized and unrealized gains for the six months ended November 30, 2009 were $93,831,661 ($2.519 per common share). In comparison, net realized and unrealized losses for the three months ended November 30, 2008 were $257,720,687 ($6.894 per common share). The Trust's net realized and unrealized losses for the six months ended November 30, 2008 were $280,668,610 ($7.508 per common share). On November 30, 2009, net assets of the Trust applicable to common shares were $521,634,939. The net asset value per common share on November 30, 2009 was $13.96 based on 37,378,350 common shares outstanding. In comparison, on November 30, 2008, net assets of the Trust applicable to common shares were $327,951,403. The net asset value per common share on November 30, 2008 was $8.78 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 $163.1 billion in assets as of December 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 Six Months Ended November 30, November 30, ------------ ------------ 2009 2008 2009 2008 ---- ---- ---- ---- Gross investment income $11,613 $17,264 $22,752 $34,098 Interest expense (697) (3,105) (1,177) (5,969) Operating expenses (1,518) (1,536) (2,896) (3,255) ------ ------ ------ ------ Net investment income $9,398 $12,623 $18,679 $24,874 Net realized and unrealized gains (losses) on investments $24,461 ($257,720) $93,832 ($280,669) Preferred dividends paid from net investment income (470) ($1,489) (1,039) ($2,822) Net increase (decrease) in net assets from operations $33,389 ($246,586) $111,472 ($258,617) ======= ========= ======== ========= Earnings per Common Share Outstanding -------------------------- Gross investment income $0.311 $0.462 $0.609 $0.913 Interest expense (0.019) (0.083) (0.032) (0.160) Operating expenses (0.040) (0.041) (0.077) (0.087) ------ ------ ------ ------ Net investment income $0.252 $0.338 $0.500 $0.666 Net realized and unrealized gains (losses) on investments $0.663 ($6.894) $2.519 ($7.508) Preferred dividends paid from net investment income (0.013) ($0.040) (0.028) ($0.076) ------ ------- ------ ------- Net increase (decrease) in net assets from operations $0.902 ($6.596) $2.991 ($6.918) ====== ======= ====== ======= Net investment income $0.252 $0.338 $0.500 $0.666 Preferred dividends paid from net investment income (0.013) (0.040) (0.028) (0.076) ------ ------ ------ ------ Net investment income after preferred dividends $0.239 $0.298 $0.472 $0.590 ====== ====== ====== ====== Net Asset Value at November 30 (Common Shares ) ----------------- Net assets (000) $521,635 $327,951 Shares outstanding (000) 37,378 37,356 Net asset value per share outstanding $13.96 $8.78 Market Value Summary (Common Shares ) ---------------- Market price on NYSE at November 30 $13.11 $7.94 High market price (six months ended November 30) $13.23 $10.30 Low market price (six months ended November 30) $10.24 $7.14 DATASOURCE: Eaton Vance Management CONTACT: Investors, Eaton Vance Management, 1-800-262-1122 Web Site: http://www.eatonvance.com/

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