Eaton Vance Tax-Advantaged Dividend Income Fund Report of Earnings as of February 29, 2008

  
    
  
  
    
      Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), a 
      diversified closed-end investment company, today announced the earnings 
      of the Fund for the three months ended February 29, 2008 and for the six 
      months ended February 29, 2008. The Fund’s 
      fiscal year ends on August 31, 2008.
    
    
      For the three months ended February 29, 2008, the Fund had net 
      investment income of $41,980,184 ($0.576 per common share). From this 
      amount, the Fund paid dividends on preferred shares of $8,507,272 (equal 
      to $0.117 for each common share), resulting in net investment income 
      after the preferred dividends of $33,472,912 or $0.459 per common share. 
      For the six months ended February 29, 2008, the Fund had net investment 
      income of $61,209,870 ($0.840 per common share). From this amount, the 
      Fund paid dividends on preferred shares of $17,128,248 (equal to $0.235 
      for each common share), resulting in net investment income after the 
      preferred dividends of $44,081,622 or $0.605 per common share. In 
      comparison, for the three months ended February 28, 2007, the Fund had 
      net investment income of $26,189,950 ($0.360 per common share). From 
      this amount, the Fund paid dividends on preferred shares of $7,745,602 
      (equal to $0.106 for each common share), resulting in net investment 
      income after the preferred dividends of $18,444,348 or $0.254 per common 
      share. For the six months ended February 28, 2007 the Fund had net 
      investment income of $46,152,707 ($0.634 per common share). From this 
      amount, the Fund paid dividends on preferred shares of $15,636,322 
      (equal to $0.215 for each common share), resulting in net investment 
      income after the preferred dividends of $30,516,385 or $0.419 per common 
      share.
    
    
      Net realized and unrealized losses for the three months ended February 
      29, 2008 were $248,586,640 ($3.413 per common share) and net realized 
      and unrealized losses for the six months ended February 29, 2008 were 
      $168,524,558 ($2.311 per common share). In comparison, net realized and 
      unrealized gains for the three months ended February 28, 2007 were 
      $25,558,414 ($0.351 per common share) and net realized and unrealized 
      gains for six months ended February 28, 2007 were $193,255,841 ($2.653 
      per common share).
    
    
      On February 29, 2008, net assets applicable to common shares of the Fund 
      were $2,014,101,280. The net asset value per common share on February 
      29, 2008 was $27.65 based on 72,835,900 common shares outstanding. In 
      comparison, on February 28, 2007, net assets applicable to common shares 
      of the Fund were $2,125,952,711. The net asset value per common share on 
      February 28, 2007 was $29.19 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 $150.9 billion in assets 
      under management on March 31, 2008. 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
        
        
        
        
          Six Months Ended
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          February 29,
        
        
        
        
          February 29,
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          
            2008
          
        
        
        
        
          
            2007
          
        
        
        
        
          
            2008
          
        
        
        
        
          
            2007
          
        
      
      
        
          Gross investment income
        
        
        
        
        
        
        
        
        
        
          $47,255
        
        
        
        
          $31,495
        
        
        
        
          $72,031
        
        
        
        
          $56,521
        
      
      
        
          Operating expenses
        
        
        
        
        
        
        
        
        
        
          ($5,275)
        
        
        
        
          ($5,305)
        
        
        
        
          ($10,821)
        
        
        
        
          ($10,368)
        
      
      
        
        
        
          Net investment income
        
        
        
        
        
        
        
        
        
        
          $41,980
        
        
        
        
          $26,190
        
        
        
        
          $61,210
        
        
        
        
          $46,153
        
      
      
        
          Net realized and unrealized gains (losses)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          on investments
        
        
        
        
        
        
        
        
        
        
          ($248,587)
        
        
        
        
          $25,558
        
        
        
        
          ($168,525)
        
        
        
        
          $193,256
        
      
      
        
          Dividends paid to preferred shareholders
        
        
        
        
        
        
        
        
        
        
          ($8,507)
        
        
        
        
          ($7,746)
        
        
        
        
          ($17,128)
        
        
        
        
          ($15,636)
        
      
      
        
        
        
          Net increase (decrease) in net assets
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          from operations
        
        
        
        
        
        
        
        
        
        
          ($215,114)
        
        
        
        
          $44,002
        
        
        
        
          ($124,443)
        
        
        
        
          $223,773
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            Earnings per Share Outstanding
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Gross investment income
        
        
        
        
        
        
        
        
        
        
          $0.649
        
        
        
        
          $0.432
        
        
        
        
          $0.989
        
        
        
        
          $0.776
        
      
      
        
          Operating expenses
        
        
        
        
        
        
        
        
        
        
          ($0.073)
        
        
        
        
          ($0.072)
        
        
        
        
          ($0.149)
        
        
        
        
          ($0.142)
        
      
      
        
        
        
          Net investment income
        
        
        
        
        
        
        
        
        
        
          $0.576
        
        
        
        
          $0.360
        
        
        
        
          $0.840
        
        
        
        
          $0.634
        
      
      
        
          Net realized and unrealized gains (losses)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          on investments
        
        
        
        
        
        
        
        
        
        
          ($3.413)
        
        
        
        
          $0.351
        
        
        
        
          ($2.311)
        
        
        
        
          $2.653
        
      
      
        
          Dividends paid to preferred shareholders
        
        
        
        
        
        
        
        
        
        
          ($0.117)
        
        
        
        
          ($0.106)
        
        
        
        
          ($0.235)
        
        
        
        
          ($0.215)
        
      
      
        
        
        
          Net increase (decrease) in net assets
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          from operations
        
        
        
        
        
        
        
        
        
        
          ($2.954)
        
        
        
        
          $0.605
        
        
        
        
          ($1.706)
        
        
        
        
          $3.072
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Net investment income
        
        
        
        
        
        
        
        
        
        
          $0.576
        
        
        
        
          $0.360
        
        
        
        
          $0.840
        
        
        
        
          $0.634
        
      
      
        
          Dividends paid to preferred shareholders
        
        
        
        
        
        
        
        
        
        
          ($0.117)
        
        
        
        
          ($0.106)
        
        
        
        
          ($0.235)
        
        
        
        
          ($0.215)
        
      
      
        
          Net investment income after preferred dividends
        
        
        
        
        
        
        
        
        
        
          $0.459
        
        
        
        
          $0.254
        
        
        
        
          $0.605
        
        
        
        
          $0.419
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            Net Asset Value at February 29 
            (Common Shares )
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          Net assets (000)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $2,014,101
        
        
        
        
          $2,125,953
        
      
      
        
        
        
          Shares outstanding (000)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          72,836
        
        
        
        
          72,836
        
      
      
        
        
        
          Net asset value per share outstanding
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $27.65
        
        
        
        
          $29.19
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          
            Market Value Summary (Common Shares 
            )
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
          Market price on NYSE at February 29
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $24.24
        
        
        
        
          $26.59
        
      
      
        
        
        
          High market price (period ended February 29)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $28.08
        
        
        
        
          $28.30
        
      
      
        
        
        
          Low market price (period ended February 29)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          $23.55
        
        
        
        
          $24.84