Evergreen Investments Announces Three Closed End Funds Have Repaid a Portion of Their Outstanding Borrowings
November 24 2008 - 6:16PM
PR Newswire (US)
Evergreen Multi-Sector Income Fund Declares Monthly Dividend
BOSTON, Nov. 24 /PRNewswire-FirstCall/ -- Evergreen Investments
today announced that Evergreen Utilities and High Income Fund
(AMEX:ERH), Evergreen Income Advantage Fund (AMEX:EAD), and
Evergreen Multi-Sector Income Fund (AMEX:ERC), three of its closed
end funds, have repaid a portion of their borrowings secured April
30, 2008 from a multi-seller commercial paper conduit administered
by a major financial institution. ERH has repaid $20 million; EAD
has repaid $70 million; and ERC has repaid $20 million. Evergreen
Investments also announced the dividend declaration for ERC.
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:
Dividend Declaration date Ex-dividend date Record date Payable date
rate/share November 24, December 11, December 15, January 2,
$0.1083 / 2008 2008 2008 2009 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/ . For more information about
Evergreen's closed-end funds, contact your financial advisor, visit
http://www.evergreeninvestments.com/, or call 800.343.2898. These
closed-end funds are no longer offered as initial public offerings
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 $209 billion in assets (as
of September 30, 2008). Please visit
http://www.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, Financial Advisor
Inquiries: +1-800-343-2898, Media Inquiries: Lauren Sawyers,
+1-704-715-4561, , Laura Fay, +1-617-210-3867, , all of Evergreen
Investments Web site: http://www.evergreeninvestments.com/
http://www.computershare.com/
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