Eaton Vance Floating-Rate Income Trust Report of Earnings

BOSTON--(BUSINESS WIRE)--Eaton Vance Floating-Rate Income Trust (NYSE: EFT) (the “Fund”), a closed-end management investment company, today announced the earnings of the Fund for the three months and nine months ended February 29, 2008. The Fund’s fiscal year ends on May 31, 2008.

For the three months ended February 29, 2008, the Fund had net investment income of $19,355,375 ($0.518 per common share). From this amount, the Fund paid dividends on preferred shares of $5,473,107 (equal to $0.147 for each common share), resulting in net investment income after preferred dividends of $13,882,268 or $0.371 per common share. For the nine months ended February 29, 2008, the Fund had net investment income of $59,813,721 ($1.601 per common share). From this amount, the Fund paid dividends on preferred shares of $17,576,271 (equal to $0.471 per common share), resulting in net investment income after preferred dividends of $42,237,450, or $1.130 per common share. In comparison, for the three months ended February 28, 2007, the Fund had net investment income of $20,265,987 ($0.543 per common share). From this amount, the Fund paid dividends on preferred shares of $5,534,040 (equal to $0.148 for each common share), resulting in net investment income after preferred dividends of $14,731,947 or $0.395 per common share. For the nine months ended February 28, 2007, the Fund had net investment income of $60,879,085 ($1.632 per common share). From this amount, the Fund paid dividends on preferred shares of $16,670,587 (equal to $0.447 per common share), resulting in net investment income after preferred dividends of $44,208,498, or $1.185 per common share.

Net realized and unrealized losses for the three months ended February 29, 2008 were $75,139,176 ($2.011 per common share). The Fund’s net realized and unrealized losses for the nine months ended February 29, 2008 were $133,549,279 ($3.575 per common share). In comparison, net realized and unrealized gains for the three months ended February 28, 2007 were $6,800,428 ($0.182 per common share). The Fund’s net realized and unrealized gains for the nine months ended February 28, 2007 were $4,760,394 ($0.128 per common share).

On February 29, 2008, net assets of the Fund applicable to common shares were $575,815,512. The net asset value per common share on February 29, 2008 was $15.41 based on 37,356,040 common shares outstanding. On February 28, 2007, net assets of the Fund applicable to common shares were $708,751,437. The net asset value per common share on February 28, 2007 was $19.00 based on 37,300,020 common shares outstanding.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp, which is listed on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had $152.9 billion in assets under management on January 31, 2008. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Management at (800) 262-1122.

Eaton Vance
Investor Contact: 800-262-1122