EFT Eaton Vance Floating Rate Income Trust

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) (the ๏ฟฝFund๏ฟฝ), a closed-end management investment company, today announced the earnings of the Fund for the three months and year ended May 31, 2007. For the three months ended May 31, 2007, the Fund had net investment income of $20,193,562 ($0.541 per common share). From this amount, the Fund paid dividends on preferred shares of $5,731,384 (equal to $0.154 for each common share), resulting in net investment income after preferred dividends of $14,462,178 or $0.387 per common share. For the year ended May 31, 2007, the Fund had net investment income of $81,072,647 ($2.174 per common share). From this amount, the Fund paid dividends on preferred shares of $22,401,971 (equal to $0.601 per common share), resulting in net investment income after preferred dividends of $58,670,676, or $1.573 per common share. In comparison, for the three months ended May 31, 2006, the Fund had net investment income of $19,109,533 ($0.512 per common share). From this amount, the Fund paid dividends on preferred shares of $5,026,078 (equal to $0.135 for each common share), resulting in net investment income after preferred dividends of $14,083,455 or $0.377 per common share. For the year ended May 31, 2006, the Fund had net investment income of $68,374,908 ($1.833 per common share). From this amount, the Fund paid dividends on preferred shares of $17,268,274 (equal to $0.463 per common share), resulting in net investment income after preferred dividends of $51,106,634, or $1.370 per common share. Net realized and unrealized losses for the three months ended May 31, 2007 were $396,219 ($0.011 per common share). The Fund๏ฟฝs net realized and unrealized gains for the year ended May 31, 2007 were $4,364,175 ($0.114 per common share). In comparison, net realized and unrealized losses for the three months ended May 31, 2006 were $2,230,172 ($0.060 per common share). The Fund๏ฟฝs net realized and unrealized gains for the year ended May 31, 2006 were $3,070,520 ($0.087 per common share). On May 31, 2007, net assets of the Fund applicable to common shares were $708,774,935. The net asset value per common share on May 31, 2007 was $18.98 based on 37,340,553 common shares outstanding. On May 31, 2006, net assets of the Fund applicable to common shares were $705,174,709. The net asset value per common share on May 31, 2006 was $18.91 based on 37,294,271 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 $153.6 billion in assets under management on June 30, 2007. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Management at (800) 262-1122. EATON VANCE FLOATING-RATE INCOME TRUST SUMMARY OF RESULTS OF OPERATIONS (in thousands, except per share amounts) ๏ฟฝ Three Months Ended Year Ended May 31, May 31, ๏ฟฝ 2007 ๏ฟฝ ๏ฟฝ 2006 ๏ฟฝ ๏ฟฝ 2007 ๏ฟฝ ๏ฟฝ 2006 ๏ฟฝ Gross investment income $ 22,107 $ 21,136 $ 89,110 $ 76,473 Operating expenses ๏ฟฝ (1,914 ) ๏ฟฝ (2,027 ) ๏ฟฝ (8,037 ) ๏ฟฝ (8,099 ) Net investment income $ 20,193 $ 19,109 $ 81,073 $ 68,374 Net realized and unrealized gains (losses) on investments ($396 ) ($2,230 ) $ 4,364 $ 3,071 Preferred dividends paid ($5,731 ) ($5,026 ) ($22,402 ) ($17,268 ) Net increase (decrease) in net assets from operations $ 14,066 ๏ฟฝ $ 11,853 ๏ฟฝ $ 63,035 ๏ฟฝ $ 54,177 ๏ฟฝ Earnings per Share Outstanding Gross investment income $ 0.592 $ 0.566 $ 2.389 $ 2.050 Operating expenses ๏ฟฝ (0.051 ) ๏ฟฝ (0.054 ) ๏ฟฝ (0.215 ) ๏ฟฝ (0.217 ) Net investment income $ 0.541 $ 0.512 $ 2.174 $ 1.833 Net realized and unrealized gains (losses) on investments ($0.011 ) ($0.060 ) $ 0.114 $ 0.087 Preferred dividends paid ๏ฟฝ ($0.154 ) ๏ฟฝ ($0.135 ) ๏ฟฝ ($0.601 ) ๏ฟฝ ($0.463 ) ๏ฟฝ Net increase (decrease) in net assets from operations $ 0.376 ๏ฟฝ $ 0.317 ๏ฟฝ $ 1.687 ๏ฟฝ $ 1.457 ๏ฟฝ ๏ฟฝ Net investment income $ 0.541 $ 0.512 $ 2.174 $ 1.833 Preferred dividends paid ๏ฟฝ (0.154 ) ๏ฟฝ (0.135 ) ๏ฟฝ (0.601 ) ๏ฟฝ (0.463 ) Net investment income after preferred dividends $ 0.387 ๏ฟฝ $ 0.377 ๏ฟฝ $ 1.573 ๏ฟฝ $ 1.370 ๏ฟฝ ๏ฟฝ Net Asset Value at May 31 (Common Shares ) Net assets (000) $ 708,775 $ 705,175 Shares outstanding (000) 37,341 37,294 Net asset value per share outstanding $ 18.98 $ 18.91 ๏ฟฝ Market Value Summary (Common Shares ) Market price on NYSE at May 31 $ 19.48 $ 17.95 High market price (period ended May 31) $ 19.56 $ 18.29 Low market price (period ended May 31) $ 17.81 $ 16.71