Evergreen Closed End Funds Declare Monthly Dividends
September 18 2008 - 4:32PM
PR Newswire (US)
Evergreen announces options strategy management changes for
Evergreen International Balanced Income Fund BOSTON, Sept. 18
/PRNewswire-FirstCall/ -- Evergreen Investments today announced the
dividend declaration for Evergreen Income Advantage Fund
(AMEX:EAD), Evergreen Multi-Sector Income Fund (AMEX:ERC),
Evergreen Utilities and High Income Fund (AMEX:ERH), and Evergreen
International Balanced Income Fund (NYSE:EBI). Evergreen Income
Advantage Fund is a closed-end high-yield bond fund. The fund's
investment objective is to seek a high level of current income. The
fund may, as a secondary objective, seek capital appreciation to
the extent consistent with its investment objective. Evergreen
Income Advantage Fund declared the following monthly dividend from
ordinary income: Declaration Ex- Record Payable Dividend date
dividend date date rate/share date September October October
November $0.1094 / 18, 2008 14, 2008 16, 2008 3, 2008 share
Evergreen Multi-Sector Income Fund is a closed-end bond fund. The
fund's primary investment objective is to seek a high level of
current income consistent with limiting its overall exposure to
domestic interest rate risk. Evergreen Multi-Sector Income Fund
declared the following monthly dividend from ordinary income:
Declaration Ex- Record Payable Dividend date dividend date date
rate/share date September October October November $0.1083 / 18,
2008 14, 2008 16, 2008 3, 2008 share Evergreen Utilities and High
Income Fund is a closed-end equity and high-yield bond fund. The
fund's primary investment objective is to seek a high level of
current income and moderate capital growth, with emphasis on
providing tax-advantaged dividend income. Evergreen Utilities and
High Income Fund declared the following monthly dividend from
ordinary income: Declaration Ex- Record Payable Dividend date
dividend date date rate/share date September October October
November $0.23 / 18, 2008 14, 2008 16, 2008 3, 2008 share Evergreen
International Balanced Income Fund is a closed-end fund investing
primarily in international stocks and bonds. The fund's investment
objective is to seek to provide a high level of income. Evergreen
International Balanced Income Fund declared the following monthly
dividend from ordinary income: Declaration Ex- Record Payable
Dividend date dividend date date rate/share date September October
October November $0.1458 / 18, 2008 14, 2008 16, 2008 3, 2008 share
To make changes to your account, please contact your financial
advisor, brokerage firm, bank, or other nominee with whom your
shares are registered. If your shares are registered with the
funds' transfer agent, Computershare, please contact them directly
at 800.730.6001 or visit http://www.computershare.com/ . Evergreen
Investments, which serves as the investment adviser to Evergreen
International Balanced Income Fund (NYSE:EBI), also announced today
it will leverage the in-house talent and expertise of its
Derivatives and Alternative Strategies team, led by Tim Stevenson,
in managing the Fund's options strategy. On or about November 18,
2008, the team will replace Analytic Investors, LLC, which has
served as the sub-adviser responsible for the options strategy
since the Fund's October 2005 inception. EBI seeks to achieve its
investment objective of providing a high level of income by
investing primarily in common stocks of non-U.S. issuers and other
equity securities, and debt securities of non-U.S. issuers. In
addition, EBI employs a strategy of writing call options, primarily
on a variety of both non-U.S. and U.S. securities-based indices.
The Fund also may write options on exchange-traded funds that
represent certain indices, countries, or market sectors; on futures
contracts; and on individual securities. The options portfolio for
EBI has a notional value of $44.8 million as of June 30, 2008.
These closed-end funds are no longer offered as an initial public
offering and are only offered through broker/dealers on the
secondary market. About Evergreen Investments Evergreen Investments
is the brand name under which Wachovia Corporation (NYSE:WB)
conducts its investment management business. Wachovia Global Asset
Management is the brand name under which Evergreen Investments
conducts sales and distribution business outside of the United
States. Evergreen serves more than four million individual and
institutional investors through a broad range of investment
products. Led by 300 investment professionals, Evergreen strives to
meet client investment objectives through disciplined, team-based
asset management. Evergreen manages more than $245 billion in
assets (as of June 30, 2008). Please visit EvergreenInvestments.com
for more information about Evergreen Investments. Funds: NOT FDIC
INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE DATASOURCE:
Evergreen Investments CONTACT: Shareholder Inquiries:
1-800-730-6001; or Financial Advisor Inquiries: 1-800-343-2898; or
Media Inquiries: Lauren Sawyers, +1-704-715-4561, , or Laura Fay,
+1-617-210-3867, , all for Evergreen Investments Web site:
http://www.evergreeninvestments.com/ http://www.computershare.com/
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