BOSTON, Jan. 29 /PRNewswire-FirstCall/ -- Eaton Vance Ohio Municipal Income Trust (NYSE Amex: EVO) (the "Trust"), a closed-end management investment company, today announced the earnings of the Trust for the three months and year ended November 30, 2009. The Trust's fiscal year ended on November 30, 2009. For the three months ended November 30, 2009, the Trust had net investment income of $641,979 ($0.227 per common share). From this amount, the Trust paid dividends on preferred shares of $25,126 (equal to $0.009 for each common share), resulting in net investment income after the preferred dividends of $616,853, or $0.218 per common share. The Trust's net investment income for the year ended November 30, 2009 was $2,673,784 ($0.945 per common share, before deduction of the preferred share dividends totaling $0.055 per common share), resulting in net investment income after the preferred dividends of $0.890 per common share. In comparison, for the three months ended November 30, 2008, the Trust had net investment income of $673,193 ($0.238 per common share). From this amount, the Trust paid dividends on preferred shares of $265,604 (equal to $0.093 for each common share), resulting in net investment income after the preferred dividends of $407,589, or $0.145 per common share. The Trust's net investment income for the year ended November 30, 2008 was $2,719,400 ($0.961 per common share, before deduction of the preferred share dividends totaling $0.303 per common share), resulting in net investment income after the preferred dividends of $0.658 per common share. Net realized and unrealized gains for the three months ended November 30, 2009 were $1,656,913 ($0.586 per common share). The Trust's net realized and unrealized gains for the year ended November 30, 2009 were $8,413,089 ($2.974 per common share). In comparison, net realized and unrealized losses for the three months ended November 30, 2008 were $8,933,603 ($3.158 per common share). The Trust's net realized and unrealized losses for the year ended November 30, 2008 were $12,475,238 ($4.410 per common share). On November 30, 2009, net assets of the Trust applicable to common shares were $38,295,457. The net asset value per common share on November 30, 2009 was $13.52 based on 2,833,026 common shares outstanding. In comparison, on November 30, 2008, net assets of the Trust applicable to common shares were $29,562,955. The net asset value per common share on November 30, 2008 was $10.45 based on 2,829,304 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 OHIO MUNICIPAL INCOME TRUST SUMMARY OF RESULTS OF OPERATIONS (in thousands, except per share amounts) Three Months Ended Year Ended November 30, November 30, ------------- ------------- 2009 2008 2009 2008 ---- ---- ---- ---- Net investment income $642 $673 $2,674 $2,719 Net realized and unrealized gains (losses) on investments 1,657 (8,934) 8,413 (12,475) Preferred dividends paid from net investment income (1) (25) (266) (154) (859) --- ---- ---- ---- Net increase (decrease) in net assets from operations $2,274 $(8,527) $10,933 $(10,615) ====== ======= ======= ======== Earnings per Common Share Outstanding ------------------------------------- Net investment income $0.227 $0.238 $0.945 $0.961 Net realized and unrealized gains (losses) on investments 0.586 (3.158) 2.974 (4.410) Preferred dividends paid from net investment income (1) (0.009) (0.093) (0.055) (0.303) ------ ------ ------ ------ Net increase (decrease) in net assets from operations $0.804 $(3.013) $3.864 $(3.752) ====== ======= ====== ======= Net investment income $0.227 $0.238 $0.945 $0.961 Preferred dividends paid from net investment income (1) (0.009) (0.093) (0.055) (0.303) ------ ------ ------ ------ Net investment income after preferred dividends $0.218 $0.145 $0.890 $0.658 ====== ====== ====== ====== Net Asset Value at November 30 (Common Shares) ---------------------------------------------- Net assets $38,295 $29,563 Shares outstanding 2,833 2,829 Net asset value per share outstanding $13.52 $10.45 Market Value Summary (Common Shares) ------------------------------------ Market price on NYSE Amex at November 30 $13.43 $8.55 High market price (period ended November 30) $14.56 $13.73 Low market price (period ended November 30) $7.63 $7.40 (1) During the years ended November 30, 2009 and November 30, 2008, the Trust made a partial redemption of its preferred shares. DATASOURCE: Eaton Vance Management CONTACT: Investors, Eaton Vance Management, +1-800-262-1122 Web Site: http://www.eatonvance.com/

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