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 six months ended November 30, 2007. The Fund๏ฟฝs fiscal year ends on May 31, 2008. For the three months ended November 30, 2007, the Fund had net investment income of $20,157,201 ($0.539 per common share). From this amount, the Fund paid dividends on preferred shares of $6,395,097 (equal to $0.171 for each common share), resulting in net investment income after preferred dividends of $13,762,104 or $0.368 per common share. For the six months ended November 30, 2007, the Fund had net investment income of $40,458,346 ($1.083 per common share). From this amount, the Fund paid dividends on preferred shares of $12,103,164 (equal to $0.324 per common share), resulting in net investment income after preferred dividends of $28,355,182, or $0.759 per common share. In comparison, for the three months ended November 30, 2006, the Fund had net investment income of $20,497,825 ($0.550 per common share). From this amount, the Fund paid dividends on preferred shares of $5,552,303 (equal to $0.149 for each common share), resulting in net investment income after preferred dividends of $14,945,522 or $0.401 per common share. For the six months ended November 30, 2006, the Fund had net investment income of $40,613,098 ($1.089 per common share). From this amount, the Fund paid dividends on preferred shares of $11,136,547 (equal to $0.299 per common share), resulting in net investment income after preferred dividends of $29,476,551, or $0.790 per common share. Net realized and unrealized losses for the three months ended November 30, 2007 were $8,101,192 ($0.220 per common share). The Fund๏ฟฝs net realized and unrealized losses for the six months ended November 30, 2007 were $58,410,103 ($1.567 per common share). In comparison, net realized and unrealized gains for the three months ended November 30, 2006 were $1,647,885 ($0.044 per common share). The Fund๏ฟฝs net realized and unrealized losses for the six months ended November 30, 2006 were $2,040,034 ($0.051 per common share). On November 30, 2007, net assets of the Fund applicable to common shares were $650,548,993. The net asset value per common share on November 30, 2007 was $17.41 based on 37,356,040 common shares outstanding. On November 30, 2006, net assets of the Fund applicable to common shares were $702,440,161. The net asset value per common share on November 30, 2006 was $18.84 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 $161.7 billion in assets under management on October 31, 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 ๏ฟฝ ๏ฟฝ ๏ฟฝ ๏ฟฝ Three Months Ended Six Months Ended November 30, November 30, 2007 ๏ฟฝ 2006 ๏ฟฝ 2007 ๏ฟฝ 2006 ๏ฟฝ Gross investment income $22,171 $22,537 $44,428 $44,716 Operating expenses (2,014 ) (2,039 ) (3,970 ) (4,103 ) Net investment income $20,157 $20,498 $40,458 $40,613 Net realized and unrealized gains (losses) on investments ($8,101 ) $1,648 ($58,410 ) ($2,040 ) Preferred dividends paid ($6,395 ) ($5,552 ) ($12,103 ) ($11,136 ) Net increase (decrease) in net assets from operations $5,661 ๏ฟฝ $16,594 ๏ฟฝ ($30,055 ) $27,437 ๏ฟฝ ๏ฟฝ Earnings per Share Outstanding Gross investment income $0.593 $0.604 $1.189 $1.199 Operating expenses (0.054 ) (0.054 ) (0.106 ) (0.110 ) Net investment income $0.539 $0.550 $1.083 $1.089 Net realized and unrealized gains (losses) on investments ($0.220 ) $0.044 ($1.567 ) ($0.051 ) Preferred dividends paid ($0.171 ) ($0.149 ) ($0.324 ) ($0.299 ) Net increase (decrease) in net assets from operations $0.148 ๏ฟฝ $0.445 ๏ฟฝ ($0.808 ) $0.739 ๏ฟฝ ๏ฟฝ Net investment income $0.539 $0.550 $1.083 $1.089 Preferred dividends paid (0.171 ) (0.149 ) (0.324 ) (0.299 ) Net investment income after preferred dividends $0.368 ๏ฟฝ $0.401 ๏ฟฝ $0.759 ๏ฟฝ $0.790 ๏ฟฝ ๏ฟฝ Net Asset Value at November 30 (Common Shares) Net assets (000) $650,549 $702,440 Shares outstanding (000) 37,356 37,294 Net asset value per share outstanding $17.41 $18.84 ๏ฟฝ Market Value Summary (Common Shares) Market price on NYSE at November 30 $15.62 $18.47 High market price (period ended November 30) $19.51 $18.61 Low market price (period ended November 30) $15.20 $17.81