Eaton Vance New York Municipal Income Trust (AMEX: EVY) (the ?Trust?), a closed-end management investment company, today announced the earnings of the Trust for the three months and year ended November 30, 2006. The Trust's fiscal year ended on November 30, 2006.

For the three months ended November 30, 2006, the Trust had net investment income of $1,322,159 ($0.246 per common share). From this amount, the Trust paid dividends on preferred shares of $352,297 (equal to $0.066 for each common share), resulting in net investment income after the preferred dividends of $969,862 or $0.180 per common share. The Trust's net investment income for the year ended November 30, 2006 was $5,306,069 ($0.987 per common share, before deduction of the preferred share dividends totaling $0.247 per common share), resulting in net investment income after the preferred dividends of $0.740 per common share. In comparison, for the three months ended November 30, 2005, the Trust had net investment income of $1,388,627 ($0.258 per common share). From this amount, the Trust paid dividends on preferred shares of $267,339 (equal to $0.050 for each common share), resulting in net investment income after the preferred dividends of $1,121,288, or $0.208 per common share. The Trust's net investment income for the year ended November 30, 2005 was $5,743,713 ($1.070 per common share, before deduction of the preferred share dividends totaling $0.163 per common share), resulting in net investment income after the preferred dividends of $0.907 per common share.

Net realized and unrealized gains for the three months ended November 30, 2006 were $2,504,409 ($0.468 per common share). The Trust's net realized and unrealized gains for the year ended November 30, 2006 were $4,997,868 ($0.932 per common share). In comparison, net realized and unrealized losses for the three months ended November 30, 2005 were $2,732,324 ($0.509 per common share). The Trust's net realized and unrealized gains for the year ended November 30, 2005 were $1,299,743 ($0.243 per common share).

On November 30, 2006, net assets of the Trust applicable to common shares were $88,969,727. The net asset value per common share on November 30, 2006 was $16.55 based on 5,375,346 common shares outstanding. In comparison, on November 30, 2005, net assets of the Trust applicable to common shares were $84,194,288. The net asset value per common share on November 30, 2005 was $15.66 based on 5,375,346 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 $130.0 billion in assets under management as of December 31, 2006. 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 NEW YORK MUNICIPAL INCOME TRUST
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
 
Three Months Ended Year Ended
November 30,   November 30,
2006  2005  2006  2005 
Net investment income $1,322  $1,389  $5,306  $5,744 
Net realized and unrealized gains (losses) on investments
$2,504  ($2,732) $4,998  $1,300 
Preferred dividends paid ($352) ($267) ($1,328) ($873)
Net increase (decrease) in net assets from operations
$3,474  ($1,610) $8,976  $6,171 
 
Earnings per Common Share Outstanding
Net investment income $0.246  $0.258  $0.987  $1.070 
Net realized and unrealized gains (losses) on investments
$0.468  ($0.509) $0.932  $0.243 
Preferred dividends paid (0.066) (0.050) (0.247) (0.163)
Net increase (decrease) in net assets from operations
$0.648  ($0.301) $1.672  $1.150 
 
Net investment income $0.246  $0.258  $0.987  $1.070 
Preferred dividends paid (0.066) (0.050) (0.247) (0.163)
Net investment income after preferred dividends $0.180  $0.208  $0.740  $0.907 
 
Net Asset Value at November 30 (Common Shares)
Net assets (000) $88,970  $84,194 
Shares outstanding (000) 5,375  5,375 
Net asset value per share outstanding $16.55  $15.66 
 
Market Value Summary (Common Shares)
Market price on AMEX at November 30 $15.70  $14.99 
High market price (year ended November 30) $15.88  $17.10 
Low market price (year ended November 30) $14.24  $14.69