Eaton Vance Pennsylvania Municipal Income Trust (AMEX: EVP), a non-diversified closed-end investment company, today announced the earnings of the Trust for the six months ended May 31, 2006. The Trust's fiscal year ended on November 30, 2006.

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 increased to $1,344,980 ($.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. In comparison, for the three months ended May 31, 2005, the Trust had net investment income of $691,318 ($0.257 per share). From this amount, the Trust paid dividends on preferred shares of $132,343 (equal to $0.049 for each common share), resulting in net investment income after the preferred dividend of $558,975, or $0.208 per common share. The Trust's net investment income for the six months ended May 31, 2005 increased to $1,383,522 ($0.514 per share). From this amount, the Trust paid dividends on preferred shares of $229,414 (equal to $0.085 for each common share), resulting in net investment income after the preferred dividend of $1,154,108, or $0.429 per common share.

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). In comparison, net realized and unrealized losses for the three months ended May 31, 2005 were $216,998 ($0.086 per common share). The Trust's net realized and unrealized gains for the six months ended May 31, 2005 were $786,044 ($0.287 per common share).

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. In comparison, on May 31, 2005, net assets of the Trust applicable to common shares were $40,772,861. The net asset value per common share on May 31, 2005 was $15.11 based on 2,698,121 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 approximately $118.5 billion in assets under management on June 30, 2006. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance at (800) 262-1122. -0- *T 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, -------------------- --------------------- 2006 2005 2006 2005 ----------- -------- ----------- --------- Gross investment income $1,740 $889 $1,740 $1,776 Operating expenses (395) (197) (395) (392) ----------- -------- ----------- --------- Net investment income $1,345 $692 $1,345 $1,384 Net realized and unrealized gains (losses)on investments $289 ($217) $289 $786 Preferred dividends paid ($353) ($132) ($353) ($229) Net increase (decrease) in net assets from operations $1,281 $343 $1,281 $1,941 =========== ======== =========== ========= Earnings per Common Share Outstanding --------------------------- Gross investment income $0.643 $0.331 $0.643 $0.660 Operating expenses (0.146) (0.074) (0.146) (0.146) ----------- -------- ----------- --------- Net investment income $0.497 $0.257 $0.497 $0.514 Net realized and unrealized gains (losses) on investments $0.101 ($0.086) $0.101 $0.287 Preferred dividends paid ($0.130) ($0.049) ($0.130) ($0.085) Net increase (decrease) in net assets from operations $0.468 $0.122 $0.468 $0.716 =========== ======== =========== ========= Net investment income $0.497 $0.257 $0.497 $0.514 Preferred dividends paid (0.130) (0.049) (0.130) (0.085) ----------- -------- =========== --------- Net investment income after preferred dividends $0.367 $0.208 $0.367 $0.429 =========== ======== =========== ========= Net Asset Value at May 31, (Common Shares) ---------------------------- Net assets (000) $40,503 $40,773 Shares outstanding (000) 2,708 2,698 Net asset value per share outstanding $14.95 $15.11 Market Value Summary (Common Shares) --------------------------- Market price on AMEX at May 31 $14.45 $15.58 High market price (period ended May 31) $16.10 $16.36 Low market price (period ended May 31) $14.32 $14.90 *T