Eaton Vance Ohio Municipal Income Trust Report Of Earnings

BOSTON, Nov. 19  /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 and nine-month periods ended August 31, 2009.  The Trust's fiscal year ends on November 30, 2009.

For the three months ended August 31, 2009, the Trust had net investment income of $668,607 ($0.236 per common share).  From this amount, the Trust paid dividends on preferred shares of $28,536 (equal to $0.010 for each common share), resulting in net investment income after the preferred dividends of $640,071, or $0.226 per common share. The Trust's net investment income for the nine months ended August 31, 2009 was $2,031,805 ($0.718 per common share, before deduction of the preferred share dividends totaling $0.046 per common share), resulting in net investment income after the preferred dividends of $0.672 per common share. In comparison, for the three months ended August 31, 2008, the Trust had net investment income of $684,832 ($0.242 per common share).  From this amount, the Trust paid dividends on preferred shares of $162,480 (equal to $0.058 for each common share), resulting in net investment income after the preferred dividends of $522,352, or $0.184 per common share. The Trust's net investment income for the nine months ended August 31, 2008 was $2,046,207 ($0.723 per common share, before deduction of the preferred share dividends totaling $0.210 per common share), resulting in net investment income after the preferred dividends of $0.513 per common share.

Net realized and unrealized gains for the three months ended August 31, 2009 were $1,044,241 ($0.368 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2009 were $6,756,176 ($2.388 per common share). In comparison, net realized and unrealized losses for the three months ended August 31, 2008 were $1,504,448 ($0.529 per common share). The Trust's net realized and unrealized losses for the nine months ended August 31, 2008 were $3,541,635 ($1.252 per common share).

On August 31, 2009, net assets of the Trust applicable to common shares were $36,630,387.  The net asset value per common share on August 31, 2009 was $12.94 based on 2,831,387 common shares outstanding. In comparison, on August 31, 2008, net assets of the Trust applicable to common shares were $38,559,916. The net asset value per common share on August 31, 2008 was $13.63 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 $157.0 billion in assets as of September 30, 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      Nine Months
                                                Ended            Ended
                                             August 31,       August 31,
                                             ----------       ----------
                                            2009     2008     2009     2008
                                            ----     ----     ----     ----
  Net investment income                     $669     $685   $2,032   $2,046
  Net realized and unrealized gains
   (losses) on investments                 1,044   (1,504)   6,756   (3,541)
  Preferred dividends paid from net
   investment income (1)                     (29)    (162)    (129)    (593)
                                             ---     ----     ----     ----
    Net increase (decrease) in net assets
     from operations                      $1,684    $(981)  $8,659  $(2,088)
                                          ======    =====   ======  =======

  Earnings per Common Share Outstanding
  -------------------------------------
  Net investment income                   $0.236   $0.242   $0.718   $0.723
  Net realized and unrealized gains
   (losses) on investments                 0.368   (0.529)   2.388   (1.252)
  Preferred dividends paid from net
   investment income (1)                  (0.010)  (0.058)  (0.046)  (0.210)
                                          ------   ------   ------   ------
    Net increase (decrease) in net assets
     from operations                      $0.594  $(0.345)  $3.060  $(0.739)
                                          ======  =======   ======  =======

  Net investment income                   $0.236   $0.242   $0.718   $0.723
  Preferred dividends paid from net
   investment income (1)                  (0.010)  (0.058)  (0.046)  (0.210)
                                          ------   ------   ------   ------
  Net investment income after preferred
   dividends                              $0.226   $0.184   $0.672   $0.513
                                          ======   ======   ======   ======

  Net Asset Value at August 31 (Common Shares)
  --------------------------------------------
    Net assets                                             $36,630  $38,560
    Shares outstanding                                       2,831    2,829
    Net asset value per share outstanding                   $12.94   $13.63

  Market Value Summary (Common Shares)
  ------------------------------------
    Market price on NYSE Amex at August 31                  $12.70   $12.20
    High market price (period ended August 31)              $13.00   $13.73
    Low market price (period ended August 31)                $7.63   $12.09

  (1) During the nine months ended August 31, 2009 and the year ended
  November 30, 2008, the Trust made a partial redemption of its preferred
  shares.


DATASOURCE: Eaton Vance Management



CONTACT:  Eaton Vance Investor Contact, [phone]



Web Site:  http://www.eatonvance.com/ 

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