Eaton Vance Tax-Advantaged Dividend Income Fund Report of Earnings

  
    
  
  
    
      Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), a 
      closed-end management investment company, today announced the earnings 
      of the Fund for the three months ended November 30, 2006. The Fund’s 
      fiscal year ends on August 31, 2007.
    
    
      For the three months ended November 30, 2006, the Fund had net 
      investment income of $19,962,759 ($0.274 per common share). From this 
      amount, the Fund paid dividends on preferred shares of $7,890,719 (equal 
      to $0.108 for each common share), resulting in net investment income 
      after the preferred dividends of $12,072,040 or $0.166 per common share. 
      In comparison, for the three months ended November 30, 2005, the Fund 
      had net investment income of $26,917,326 ($0.370 per common share). From 
      this amount, the Fund paid dividends on preferred shares of $6,294,614 
      (equal to $0.086 for each common share), resulting in net investment 
      income after the preferred dividends of $20,622,712 or $0.284 per common 
      share.
    
    
      Net realized and unrealized gains for the three months ended November 
      30, 2006 were $167,686,781 ($2.302 per common share) In comparison, net 
      realized and unrealized losses for the three months ended November 30, 
      2005 were $25,767,467 ($0.354 per common share).
    
    
      On November 30, 2006, net assets applicable to common shares of the Fund 
      were $2,110,902,222. The net asset value per common share on November 
      30, 2006 was $28.98 based on 72,835,900 common shares outstanding. In 
      comparison, on November 30, 2005, net assets of the Fund were $1,779,073,217. 
      The net asset value per common share on November 30, 2005 was $24.43 
      based on 72,835,900 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 approximately $133.1 
      billion in assets under management as of December 31, 2006. Eaton Vance 
      Management will make available periodic summary information regarding 
      portfolio investments. Those interested should call Eaton Vance 
      Marketing at [phone].
    
    
      
        
          EATON VANCE TAX-ADVANTAGED DIVIDEND INCOME FUND
        
        
        
      
      
        
          SUMMARY OF RESULTS OF OPERATIONS
        
        
        
      
      
        
          (in thousands, except per share amounts)
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          Three Months Ended
        
        
        
        
        
        
          Three Months Ended
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          November 30,
        
        
        
        
        
        
          November 30,
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          2006 
        
        
        
        
        
        
          2005 
        
      
      
        
          Gross investment income
        
        
        
        
        
        
        
        
          $25,026 
        
        
        
        
        
        
          $31,535 
        
      
      
        
          Operating expenses
        
        
        
        
        
        
        
        
          5,063 
        
        
        
        
        
        
          4,618 
        
      
      
        
        
        
          Net investment income
        
        
        
        
        
        
        
        
          $19,963 
        
        
        
        
        
        
          $26,917 
        
      
      
        
          Net realized and unrealized gains (losses)
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          on investments
        
        
        
        
        
        
        
        
        
        
          $167,687 
        
        
        
        
        
        
          ($25,767)
        
      
      
        
          Preferred dividends paid
        
        
        
        
        
        
        
        
          (7,891)
        
        
        
        
        
        
          (6,295)
        
      
      
        
        
        
          Net increase (decrease) in net assets
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          from operations
        
        
        
        
        
        
        
        
          $179,759 
        
        
        
        
        
        
          ($5,145)
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Earnings per Common Share Outstanding
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Gross investment income
        
        
        
        
        
        
        
        
          $0.344 
        
        
        
        
        
        
          $0.433 
        
      
      
        
          Operating expenses
        
        
        
        
        
        
        
        
          0.070 
        
        
        
        
        
        
          0.063 
        
      
      
        
        
        
          Net investment income
        
        
        
        
        
        
        
        
          $0.274 
        
        
        
        
        
        
          $0.370 
        
      
      
        
          Net realized and unrealized gains (losses)
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          on investments
        
        
        
        
        
        
        
        
        
        
          $2.302 
        
        
        
        
        
        
          ($0.354)
        
      
      
        
          Preferred dividends paid
        
        
        
        
        
        
        
        
          (0.108)
        
        
        
        
        
        
          (0.086)
        
      
      
        
        
        
          Net increase (decrease) in net assets
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          from operations
        
        
        
        
        
        
        
        
          $2.468 
        
        
        
        
        
        
          $0.070 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Net investment income
        
        
        
        
        
        
        
        
          $0.274 
        
        
        
        
        
        
          $0.370 
        
      
      
        
          Preferred dividends paid
        
        
        
        
        
        
        
        
          (0.108)
        
        
        
        
        
        
          (0.086)
        
      
      
        
          Net investment income after preferred dividends
        
        
        
        
          $0.166 
        
        
        
        
        
        
          $0.284 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Net Asset Value at November 30 (Common Shares)
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          Net assets (000)
        
        
        
        
        
        
        
        
          $2,110,902 
        
        
        
        
        
        
          $1,779,073 
        
      
      
        
        
        
          Shares outstanding (000)
        
        
        
        
        
        
          72,836 
        
        
        
        
        
        
          72,836 
        
      
      
        
        
        
          Net asset value per share outstanding
        
        
        
        
          $28.98 
        
        
        
        
        
        
          $24.43 
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Market Value Summary (Common Shares)
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          Market price on NYSE at November 30
        
        
        
        
          $26.57 
        
        
        
        
        
        
          $21.89 
        
      
      
        
        
        
          High market price (three months ended November 30)
        
        
          $26.57 
        
        
        
        
        
        
          $22.35 
        
      
      
        
        
        
          Low market price (three months ended November 30)
        
        
          $24.84 
        
        
        
        
        
        
          $20.56