EVT Eaton Vance Tax Advantaged Dividend Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT), a diversified closed-end investment company, today announced the earnings of the Fund for the three months ended February 29, 2008 and for the six months ended February 29, 2008. The Fund�s fiscal year ends on August 31, 2008. For the three months ended February 29, 2008, the Fund had net investment income of $41,980,184 ($0.576 per common share). From this amount, the Fund paid dividends on preferred shares of $8,507,272 (equal to $0.117 for each common share), resulting in net investment income after the preferred dividends of $33,472,912 or $0.459 per common share. For the six months ended February 29, 2008, the Fund had net investment income of $61,209,870 ($0.840 per common share). From this amount, the Fund paid dividends on preferred shares of $17,128,248 (equal to $0.235 for each common share), resulting in net investment income after the preferred dividends of $44,081,622 or $0.605 per common share. In comparison, for the three months ended February 28, 2007, the Fund had net investment income of $26,189,950 ($0.360 per common share). From this amount, the Fund paid dividends on preferred shares of $7,745,602 (equal to $0.106 for each common share), resulting in net investment income after the preferred dividends of $18,444,348 or $0.254 per common share. For the six months ended February 28, 2007 the Fund had net investment income of $46,152,707 ($0.634 per common share). From this amount, the Fund paid dividends on preferred shares of $15,636,322 (equal to $0.215 for each common share), resulting in net investment income after the preferred dividends of $30,516,385 or $0.419 per common share. Net realized and unrealized losses for the three months ended February 29, 2008 were $248,586,640 ($3.413 per common share) and net realized and unrealized losses for the six months ended February 29, 2008 were $168,524,558 ($2.311 per common share). In comparison, net realized and unrealized gains for the three months ended February 28, 2007 were $25,558,414 ($0.351 per common share) and net realized and unrealized gains for six months ended February 28, 2007 were $193,255,841 ($2.653 per common share). On February 29, 2008, net assets applicable to common shares of the Fund were $2,014,101,280. The net asset value per common share on February 29, 2008 was $27.65 based on 72,835,900 common shares outstanding. In comparison, on February 28, 2007, net assets applicable to common shares of the Fund were $2,125,952,711. The net asset value per common share on February 28, 2007 was $29.19 based on 72,835,900 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 $150.9 billion in assets under management on March 31, 2008. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Marketing at (800) 262-1122. � EATON VANCE TAX-ADVANTAGED DIVIDEND INCOME FUND SUMMARY OF RESULTS OF OPERATIONS (in thousands, except per share amounts) � � � � � � � Three Months Ended Six Months Ended February 29, February 29, 2008 2007 2008 2007 Gross investment income $47,255 $31,495 $72,031 $56,521 Operating expenses ($5,275) ($5,305) ($10,821) ($10,368) Net investment income $41,980 $26,190 $61,210 $46,153 Net realized and unrealized gains (losses) on investments ($248,587) $25,558 ($168,525) $193,256 Dividends paid to preferred shareholders ($8,507) ($7,746) ($17,128) ($15,636) Net increase (decrease) in net assets from operations ($215,114) $44,002 ($124,443) $223,773 � Earnings per Share Outstanding Gross investment income $0.649 $0.432 $0.989 $0.776 Operating expenses ($0.073) ($0.072) ($0.149) ($0.142) Net investment income $0.576 $0.360 $0.840 $0.634 Net realized and unrealized gains (losses) on investments ($3.413) $0.351 ($2.311) $2.653 Dividends paid to preferred shareholders ($0.117) ($0.106) ($0.235) ($0.215) Net increase (decrease) in net assets from operations ($2.954) $0.605 ($1.706) $3.072 � Net investment income $0.576 $0.360 $0.840 $0.634 Dividends paid to preferred shareholders ($0.117) ($0.106) ($0.235) ($0.215) Net investment income after preferred dividends $0.459 $0.254 $0.605 $0.419 � � Net Asset Value at February 29 (Common Shares ) Net assets (000) $2,014,101 $2,125,953 Shares outstanding (000) 72,836 72,836 Net asset value per share outstanding $27.65 $29.19 � Market Value Summary (Common Shares ) Market price on NYSE at February 29 $24.24 $26.59 High market price (period ended February 29) $28.08 $28.30 Low market price (period ended February 29) $23.55 $24.84