Eaton Vance California Municipal Income Trust reported earnings results for the second quarter and six months ended Mary 31, 2014. For the quarter, the company's net investment income was $1,394,000 or $0.192 per common share against $1,374,000 or $0.189 per common share a year ago. Net realized and unrealized gains on investments were $3,980,000 or $0.550 per common share against net realized and unrealized losses on investments of $2,821,000 or $0.393 per common share a year ago. Preferred dividends paid from net investment income were $16,000 or $0.002 per common share against $32,000 or $0.005 per common share a year ago. Net increase in net assets from operations was $5,358,000 or $0.740 per common share against net decrease in net assets from operations of $1,479,000 or $0.209 per common share a year ago.

For the six months, the company's net investment income was $2,755,000 or $0.379 per common share against $2,744,000 or $0.378 per common share a year ago. Net realized and unrealized gains on investments were $8,149,000 or $1.124 per common share against net realized and unrealized losses on investments of $5,025,000 or $0.697 per common share a year ago. Preferred dividends paid from net investment income were $28,000 or $0.004 per common share against $56,000 or $0.008 per common share a year ago. Net increase in net assets from operations was $10,876,000 or $1.499 per common share against net decrease in net assets from operations of $2,337,000 or $0.327 per common share a year ago. On May 31, 2014, net assets of the Trust applicable to common shares were $99,386,500. The net asset value per common share on May 31, 2014 was $13.69 based on 7,261,075 common shares outstanding. In comparison, on May 31, 2013, net assets of the Trust applicable to common shares were $101,153,514. The net asset value per common share on May 31, 2013 was $13.93 based on 7,261,075 common shares outstanding.