BOSTON, Jan. 28, 2011 /PRNewswire/ -- Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), a diversified closed-end management investment company, today announced the earnings of the Fund for the three months ended November 30, 2010.  The Fund's fiscal year ends on August 31, 2011.

For the three months ended November 30, 2010, the Fund had net investment income of $11,952,385 ($0.164 per common share).  In comparison, for the three months ended November 30, 2009, the Fund had net investment income of $12,689,284 ($0.174 per common share).

Net realized and unrealized gains for the three months ended November 30, 2010 were $99,700,520 ($1.369 per common share).  In comparison, net realized and unrealized gains for the three months ended November 30, 2009 were $111,680,223 ($1.533 per common share).

On November 30, 2010, net assets of the Fund were $1,250,067,082.  The net asset value per share on November 30, 2010 was $17.16 based on 72,835,899 shares outstanding.  In comparison, on November 30, 2009, net assets of the Fund were $1,217,143,529.  The net asset value per share on November 30, 2009 was $16.71 based on 72,835,899 shares outstanding.  

The Fund 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 $188.7 billion in assets as of December 31, 2010, offering individuals and institutions a broad array of investment strategies 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 www.eatonvance.com.

SOURCE Eaton Vance Management