BOSTON, May 8 /PRNewswire-FirstCall/ -- Eaton Vance California Municipal Income Trust (NYSE Alternext US: CEV) (the 'Trust'), a closed-end management investment company, today announced the earnings of the Trust for the three months ended February 28, 2009. The Trust's fiscal year ends on November 30, 2009.

For the three months ended February 28, 2009, the Trust had net investment income of $1,650,530 ($0.230 per common share). From this amount, the Trust paid dividends on preferred shares of $126,700 (equal to $0.018 for each common share), resulting in net investment income after the preferred dividends of $1,523,830, or $0.212 per common share. In comparison, for the three months ended February 29, 2008, the Trust had net investment income of $1,686,135 ($0.235 per common share). From this amount, the Trust paid dividends on preferred shares of $534,752 (equal to $0.074 for each common share), resulting in net investment income after the preferred dividends of $1,151,383, or $0.161 per common share.

Net realized and unrealized gains for the three months ended February 28, 2009 were $7,361,940 ($1.025 per common share). In comparison, net realized and unrealized losses for the three months ended February 29, 2008 were $16,389,028 ($2.282 per common share).

On February 28, 2009, net assets of the Trust applicable to common shares were $78,700,224. The net asset value per common share on February 28, 2009 was $10.95 based on 7,185,509 common shares outstanding. In comparison, on February 29, 2008, net assets of the Trust applicable to common shares were $92,133,811. The net asset value per common share on February 29, 2008 was $12.83 based on 7,181,488 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.