Eaton Vance Pennsylvania Municipal Income Trust (AMEX: EVP), (the ?Trust?), a closed-end management investment company, today announced the earnings of the Trust for the three and six month periods ended May 31, 2007. The Trust's fiscal year ends on November 30, 2007.

For the three months ended May 31, 2007, the Trust had net investment income of $636,490 ($0.235 per share). From this amount, the Trust paid a dividend on preferred shares of $208,731 (equal to $0.077 for each common share), resulting in net investment income after the preferred dividend of $427,759, or $0.158 per common share. The Trust's net investment income for the six months ended May 31, 2007 was $1,292,261 ($.477 per share). From this amount, the Trust paid dividends on preferred shares of $403,481 (equal to $0.149 for each common share), resulting in net investment income after preferred dividend of $888,780 or $0.328 per common share. In comparison, for the three months ended May 31, 2006, the Trust had net investment income of $670,318 ($0.248 per share). From this amount, the Trust paid dividends on preferred shares of $184,893 (equal to $0.068 for each common share), resulting in net investment income after the preferred dividend of $485,426, or $0.180 per common share. The Trust's net investment income for the six months ended May 31, 2006 was $1,344,980 ($.497 per share). From this amount, the Trust paid dividends on preferred shares of $353,098 (equal to $0.130 for each common share), resulting in net investment income after preferred dividend of $991,882 or $0.367 per common share.

Net realized and unrealized losses for the three months ended May 31, 2007 were $471,258 ($0.180 per common share). The Trust's net realized and unrealized losses for the six months ended May 31, 2007 were $651,203 ($0.246 per common share). In comparison, net realized and unrealized losses for the three months ended May 31, 2006 were $503,370 ($0.192 per common share. The Trust's net realized and unrealized gains for the six months ended May 31, 2006 were $289,016 ($0.107 per common share).

On May 31, 2007, net assets of the Trust applicable to common shares were $41,310,638. The net asset value per common share on May 31, 2007 was $15.25 based on 2,708,462 common shares outstanding. In comparison, on May 31, 2006, net assets of the Trust applicable to common shares were $40,502,963. The net asset value per common share on May 31, 2006 was $14.95 based on 2,708,462 common shares outstanding.

The Trust 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 approximately $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 at (800) 262-1122.

EATON VANCE PENNSYLVANIA MUNICIPAL INCOME TRUST
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
 

Three Months Ended

Six Months Ended
May 31, May 31,
  2007   2006   2007   2006
Net investment income $ 636 $ 670 $ 1,292 $ 1,345
Net realized and unrealized gains (losses) on investments
(471) (503) (651) 289
Preferred dividends paid   (208)   (185)   (403)   (353)
Net increase (decrease) in net assets from operations
$ (43) $ (18) $ 238 $ 1,281
 
Earnings per Common Share Outstanding
Net investment income $ 0.235 $ 0.248 $ 0.477 $ 0.497
Net realized and unrealized gains (losses) on investments
(0.180) (0.192) (0.246) 0.101
Preferred dividends paid   (0.077)   (0.068)   (0.149)   (0.130)
Net increase (decrease) in net assets from operations
$ (0.022) $ (0.012) $ 0.082 $ 0.468
 
Net investment income $ 0.235 $ 0.248 $ 0.477 $ 0.497
Preferred dividends paid   (0.077)   (0.068)   (0.149)   (0.130)
Net investment income after preferred dividends $ 0.158 $ 0.180 $ 0.328 $ 0.367
 
 
Net assets $ 41,311 $ 40,503
Shares outstanding 2,708 2,708
Net asset value per share outstanding $ 15.25 $ 14.95
 
Market Value Summary (Common Shares)
Market price on NYSE at May 31 $ 14.50 $ 14.45
High market price (period ended May 31) $ 14.87 $ 16.10
Low market price (period ended May 31) $ 14.35 $ 14.32

Eaton Vance Pennsylvania Municipal Income Trust
Investor Contact: 800-262-1122