Evergreen Closed End Funds Declare Monthly Dividends
December 04 2008 - 4:21PM
PR Newswire (US)
BOSTON, Dec. 4 /PRNewswire/ -- 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: Dividend Declaration date Ex-dividend date Record
date Payable date rate/share ---------------- ----------------
----------- ------------ ------------- December 4, January 14,
January 16, February 2, $0.1094/share 2008 2009 2009 2009 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 ---------------- ---------------- -----------
------------ ------------- December 4, January 14, January 16,
February 2, $0.1083/share 2008 2009 2009 2009 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. The dividend below is
a reduction in the stable dividend rate equal to $0.12 per common
share. The reduction in the dividend rate is primarily attributable
to changing conditions in the equity market, which have resulted in
adjustments to the portfolio's income projections, as well as a
reduction of the fund's leverage. At the new distribution rate of
$0.11 per common share, the common share distribution yield will be
6.60% as a percent of the initial offer price. Evergreen Utilities
and High Income Fund declared the following monthly dividend from
ordinary income: Dividend Declaration date Ex-dividend date Record
date Payable date rate/share ---------------- ----------------
----------- ------------ ------------- December 4, January 14,
January 16, February 2, $0.11/share 2008 2009 2009 2009 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: Dividend Declaration date
Ex-dividend date Record date Payable date rate/share
---------------- ---------------- ----------- ------------
------------- December 4, January 14, January 16, February 2,
$0.1458/share 2008 2009 2009 2009 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/ . 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 $209 billion in assets (as of September 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, Financial Advisor Inquiries:
+1-800-343-2898, Media: Lauren Sawyers, +1-704-715-4561, , or Laura
Fay, +1-617-210-3867, , both of Evergreen Investments Web site:
http://www.evergreeninvestments.com/ http://www.computershare.com/
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