Evergreen Closed-End Funds Declare Monthly Dividends
September 24 2009 - 5:31PM
Business Wire
Evergreen Investments today announced the dividend declaration
for Evergreen Income Advantage Fund (NYSE Amex:EAD), Evergreen
Utilities and High Income Fund (NYSE Amex:ERH), Evergreen
International Balanced Income Fund (NYSE:EBI), and Evergreen
Multi-Sector Income Fund (NYSE Amex:ERC). Evergreen also announced
a reduction in the monthly dividend rate of Evergreen International
Balanced Income Fund and a shift in portfolio management
responsibilities for Evergreen Multi-Sector Income Fund.
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 it is consistent with its
investment objective.
Evergreen Income Advantage Fund declared the following monthly
dividend from ordinary income:
Declaration Date Ex-dividend
Date Record Date
Payable Date Dividend
rate/share September 24, 2009 October 12, 2009 October 14,
2009 November 2, 2009
$0.0929 / 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 Date Ex-dividend
Date Record Date
Payable Date Dividend
rate/share
September 24, 2009
October 12, 2009 October 14, 2009 November 2, 2009
$0.11 / 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. The dividend below is a reduction in the stable dividend
rate equal to $0.02025 per common share. The reduction in the
dividend rate is primarily attributable to changing conditions in
the international equity markets. At the new distribution rate of
$0.06475 per common share, the common share distribution yield will
be 3.89% as a percent of the initial offer price.
Evergreen International Balanced Income Fund declared the
following monthly dividend from ordinary income:
Declaration Date Ex-dividend
Date Record Date
Payable Date Dividend
rate/share September 24, 2009 October 12, 2009 October 14,
2009 November 2, 2009 $0.06475 / 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 Date Ex-dividend
Date Record Date
Payable Date
Dividend rate/share September 24, 2009 October
12, 2009 October 14, 2009 November 2, 2009 $0.1083 / share
Portfolio Management Announcement
Effective immediately, senior portfolio manager Tony Norris will
expand his responsibilities to include oversight of Evergreen
Multi-Sector Income Fund’s asset allocation strategy. Norris, CIO
of Evergreen sub-advisor First International Advisors, LLC, has
been a portfolio manager on the fund since its inception in 2003.
In his oversight of Evergreen Multi-Sector Income Fund, Tony will
work closely with the other managers on the fund to determine the
appropriate mix of international equity and fixed income
exposure.
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 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 one of the brand names under which
Wells Fargo & Company (NYSE:WFC) conducts its investment
management business. Wells Fargo & Company is a diversified
financial services company with $1.3 trillion in assets (as of June
30, 2009), providing banking, insurance, investments, mortgage and
consumer finance through almost 11,000 stores and the internet
(WellsFargo.com) across North America and internationally. Wachovia
Global Asset Management is the brand name under which Evergreen
Investments conducts sales and distribution business outside of the
United States. Evergreen Investments serves more than four million
individual and institutional investors through a broad range of
investment products. Led by more than 300 investment professionals,
Evergreen Investments strives to meet client investment objectives
through disciplined, team-based asset management. Evergreen
Investments manages more than $162.5 billion in assets (as of June
30, 2009). Evergreen InvestmentsSM is a service mark of Evergreen
Investment Management Company, LLC. Copyright 2009. Evergreen
Investment Management Company, LLC. For more information on
Evergreen, please visit EvergreenInvestments.com.
Funds: NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE
VALUE
Allspring Income Opportu... (AMEX:EAD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Allspring Income Opportu... (AMEX:EAD)
Historical Stock Chart
From Jul 2023 to Jul 2024