EATON VANCE CORP. 
By BOSTON, Jan. 31, 2012 /PRNewswire/ -- 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 months and year ended November 30, 2011. The Trust's fiscal year ended on November 30, 2011.
For the three months ended November 30, 2011, the Trust had net investment income of $583,452 ($0.212 per common share). From this amount, the Trust paid dividends on preferred shares of $11,569 (equal to $0.004 for each common share), resulting in net investment income after the preferred dividends of $571,883, or $0.208 per common share. The Trust's net investment income for the year ended November 30, 2011 was $2,440,871 ($0.890 per common share, before deduction of the preferred share dividends totaling $0.023 per common share), resulting in net investment income after the preferred dividends of $0.867 per common share. In comparison, for the three months ended November 30, 2010, the Trust had net investment income of $620,846 ($0.227 per common share). From this amount, the Trust paid dividends on preferred shares of $20,939 (equal to $0.008 for each common share), resulting in net investment income after the preferred dividends of $599,907, or $0.219 per common share. The Trust's net investment income for the year ended November 30, 2010 was $2,529,497 ($0.926 per common share, before deduction of the preferred share dividends totaling $0.030 per common share), resulting in net investment income after the preferred dividends of $0.896 per common share.
Net realized and unrealized gains for the three months ended November 30, 2011 were $508,455 ($0.179 per common share). The Trust's net realized and unrealized gains for the year ended November 30, 2011 were $618,839 ($0.219 per common share). In comparison, net realized and unrealized losses for the three months ended November 30, 2010 were $3,214,040 ($1.176 per common share). The Trust's net realized and unrealized gains for the year ended November 30, 2010 were $569,375 ($0.210 per common share).
On November 30, 2011, net assets of the Trust applicable to common shares were $38,372,394. The net asset value per common share on November 30, 2011 was $13.97 based on 2,746,642 common shares outstanding. In comparison, on November 30, 2010, net assets of the Trust applicable to common shares were $37,734,955. The net asset value per common share on November 30, 2010 was $13.79 based on 2,737,099 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 calendar quarter-end are also posted to the website approximately 30 days following quarter-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 $184.5 billion in assets as of December 31, 2011, 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 MASSACHUSETTS MUNICIPAL INCOME TRUST
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended Year Ended
November 30, November 30,
------------ ------------
2011 2010 2011 2010
---- ---- ---- ----
Net
investment
income $583 $621 $2,441 $2,529
Net
realized
and
unrealized
gains
(losses)
on
investments 508 (3,214) 619 569
Preferred
dividends
paid
from
net
investment
income (12) (21) (62) (82)
--- --- --- ---
Net
increase
(decrease)
in
net
assets
from
operations $1,079 $(2,614) $2,998 $3,016
====== ======= ====== ======
Earnings
per
Common
Share
Outstanding
-----------
Net
investment
income $0.212 $0.227 $0.890 $0.926
Net
realized
and
unrealized
gains
(losses)
on
investments 0.179 (1.176) 0.219 0.210
Preferred
dividends
paid
from
net
investment
income (0.004) (0.008) (0.023) (0.030)
------ ------ ------ ------
Net
increase
(decrease)
in
net
assets
from
operations $0.387 $(0.957) $1.086 $1.106
====== ======= ====== ======
Net
investment
income $0.212 $0.227 $0.890 $0.926
Preferred
dividends
paid
from
net
investment
income (0.004) (0.008) (0.023) (0.030)
------ ------ ------ ------
Net
investment
income
after
preferred
dividends $0.208 $0.219 $0.867 $0.896
====== ====== ====== ======
Net
Asset
Value
at
November
30
(Common
Shares)
--------
Net
assets $38,372 $37,735
Shares
outstanding 2,747 2,737
Net
asset
value
per
share
outstanding $13.97 $13.79
Market
Value
Summary
(Common
Shares)
-------
Market
price
on
NYSE
Amex
at
November
30 $14.81 $13.98
High
market
price
(period
ended
November
30) $15.10 $15.53
Low
market
price
(period
ended
November
30) $12.09 $13.35
SOURCE Eaton Vance Management
