Press Releases

December 19, 2006
Evergreen Utilities and High Income Fund Declares Special Income Dividend
Evergreen Investments

Evergreen Investments today declared a special income dividend for Evergreen Utilities and High Income Fund (AMEX:ERH). More graphic element

December 15, 2006
Shareholders Approve Proposal to Add Crow Point as Sub-Advisor to Evergreen Investments Utility Funds
Evergreen Investments

Evergreen Investments today announced that shareholders of Evergreen Utility and Telecommunications Fund and Evergreen Utilities and High Income Fund have voted to approve a proposal to add Crow Point Partners, LLC as sub-advisor to each fund. More graphic element

December 11, 2006
Evergreen Investments Appoints Bill C. Taylor President of Managed Assets
Evergreen Investments

Evergreen Investments announced the appointment of Bill C. Taylor as the firm's President of Managed Assets. More graphic element

December 8, 2006
Evergreen Small Cap Value Fund Reopens to New Accounts
Evergreen Investments

The Board of Trustees of the Evergreen Funds today approved Evergreen’s proposal to reopen Evergreen Small Cap Value Fund to new accounts, effective January 1, 2007. Since April 8, 2005, the sale of shares to new accounts in the fund have been restricted. More graphic element

December 7, 2006
Evergreen Investments Announces Changes to Its Mutual Fund Product Line
Evergreen Investments

Evergreen Investments announced today the Board of Trustees of the Evergreen Funds approved the following proposals: More graphic element

December 7, 2006
Evergreen Closed End Funds Declare Monthly Dividends
Evergreen Investments

Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund (AMEX:EAD), Evergreen Managed Income Fund (AMEX:ERC), Evergreen Utilities and High Income Fund (AMEX:ERH) and Evergreen International Balanced Income Fund (NYSE:EBI). More graphic element

November 17, 2006
Evergreen Closed End Funds Declare Monthly Dividends
Evergreen Investments

Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund, Evergreen Managed Income Fund, Evergreen Utilities and High Income Fund and Evergreen International Balanced Income Fund. More graphic element

October 20, 2006
Evergreen Closed End Funds Declare Monthly Dividends
Evergreen Investments

Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund, Evergreen Managed Income Fund, Evergreen Utilities and High Income Fund and Evergreen International Balanced Income Fund. More graphic element

October 11, 2006
Evergreen Investments Taps Merrill Lynch Executive as Director of Marketing
Evergreen Investments

Gail Eisenkraft Brings Deep Background in Brand and Product Marketing More graphic element

October 5, 2006
Evergreen Investments Names Scott E. Couto Global Head of Product
Evergreen Investments

Evergreen Investments announced today Scott E. Couto has been named Global Head of Product. More graphic element

September 22, 2006
Evergreen Investments Announces Proposal to Add Sub-Advisor to Two Utility Funds
Evergreen Investments

Evergreen Investments today announced that the Board of Trustees of the Evergreen Funds has approved a proposal to add Crow Point Partners, LLC as a sub-advisor to Evergreen Utilities and Telecommunications Fund and Evergreen Utilities and High Income Fund More graphic element

August 18, 2006
Evergreen Closed End Funds Declare Monthly Dividends
Evergreen Investments

Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund, Evergreen Managed Income Fund, Evergreen Utilities and High Income Fund and Evergreen International Balanced Income Fund More graphic element

August 11, 2006
Evergreen Investments Announces Portfolio Management Appointments
Evergreen Investments

Evergreen Investments announced today that Gary Pzegeo, CFA, has been named Managing Director and interim head of Evergreen's High Yield Bond team, effective immediately. More graphic element

August 9, 2006
Evergreen Investments Will Not Propose Tender Offer in the Third Quarter for Evergreen Utilities and High Income Fund
Evergreen Investments

Evergreen Investments announced today that it will not recommend to the Board of Trustees of Evergreen Utilities and High Income Fund (AMEX: ERH) that the Fund conduct a tender offer to repurchase shares in the third quarter of 2006. More graphic element

August 1, 2006
Evergreen Launches Large Cap Intrinsic Value Fund
Evergreen Investments

Evergreen Investments announced today the launch of Evergreen Intrinsic Value Fund (NASDAQ: EIVAX), a large cap value equity mutual fund. More graphic element

July 21, 2006
Evergreen Closed End Funds Declare Monthly Dividends
Evergreen Investments

Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund (AMEX:EAD), Evergreen Managed Income Fund (AMEX:ERC), Evergreen Utilities and High Income Fund (AMEX:ERH) and Evergreen International Balanced Income Fund (NYSE:EBI). More graphic element

July 5, 2006
Evergreen Mutual Funds Elects Patricia Norris To Board Of Trustees
Evergreen Investments

Evergreen Investments is pleased to announce the election of Patricia B. Norris to the Board of Trustees of the Evergreen Funds More graphic element

June 15, 2006
Evergreen Closed-End Funds Declare Monthly Dividends
Evergreen Investments

Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund, Evergreen Managed Income Fund, Evergreen Utilities and High Income Fund and Evergreen International Balanced Income Fund. More graphic element

June 13, 2006
Peter Cieszko Named Evergreen Investments President of Global Distribution
Evergreen Investments

Evergreen Investments announced today the appointment of Peter Cieszko as the firm’s president of Global Distribution. More graphic element

June 6, 2006
Evergreen Completes Acquisition of Majority Interest in Metropolitan West Capital Management
Evergreen Investments

Evergreen Investments today announced it has completed its acquisition of a majority interest in Metropolitan West Capital Management, LLC (MetWest Capital). More graphic element

May 25, 2006
Evergreen Investments Will Not Propose Tender Offer in the Second Quarter for Evergreen Utilities and High Income Fund
Evergreen Investments

Evergreen Investments announced today that it will not recommend to the Board of Trustees of Evergreen Utilities and High Income Fund that the Fund conduct a tender offer. More graphic element

May 19, 2006
Evergreen Closed End Funds Declare Monthly Dividends
Evergreen Investments

Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund, Evergreen Managed Income Fund, Evergreen Utilities and High Income Fund and Evergreen International Balanced Income Fund. More graphic element

May 15, 2006
Evergreen Investments Announces Fund Merger
Evergreen Investments

Evergreen Investments today announced that the Board of Trustees of the Evergreen Funds has approved the merger of Evergreen Aggressive Growth Fund (EAGAX) into Evergreen Omega Fund (EKOAX). More graphic element

April 26, 2006
Evergreen Investments Announces Final Results of Tender Offer
Evergreen Investments

Evergreen Utilities and High Income Fund (AMEX:ERH), a non-diversified, closed-end equity and high yield bond fund, announced today the final results of its tender offer. More graphic element

April 24, 2006
Evergreen Investments Announces Expiration and Preliminary Results of Tender Offer
Evergreen Investments

Evergreen Utilities and High Income Fund announced today that its tender offer expired today at 5:00 p.m. ET. More graphic element

April 21, 2006
Evergreen Closed-End Funds Declare Monthly Dividends
Evergreen Investments

Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund, Evergreen Managed Income Fund, Evergreen Utilities and High Income Fund and Evergreen International Balanced Fund. More graphic element

March 30, 2006
Evergreen Acquires Majority Interest in Metropolitan West Capital Management
Evergreen Investments

Evergreen Investments announced it has reached an agreement to acquire a majority interest in Metropolitan West Capital Management, LLC. More graphic element

March 22, 2006
Evergreen Investments Announces Fund Merger
Evergreen Investments

Evergreen Investments today announced that the Board of Trustees of the Evergreen Funds has approved the merger of Evergreen Strategic Value Fund (ESSAX) into Evergreen Disciplined Value Fund (EDSAX). More graphic element

March 17, 2006
Evergreen Closed End Funds Declare Monthly Dividends
Evergreen Investments

Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund, Evergreen More graphic element

March 16, 2006
Evergreen Fund Board Approves Evergreen Utilities and High Income Fund Tender Offer
Evergreen Investments

Evergreen Utilities and High Income Fund, a closed-end equity and bond fund, announced that the Board of Trustees approved a tender offer. More graphic element

March 15, 2006
Closed End Fund Advisory: Evergreen Utilities and High Income Fund (AMEX:ERH) To Hold Conference Call
Evergreen Investments

Evergreen Investments will hold a conference call to discuss Evergreen Utilities and High Income Fund (AMEX:ERH) on Monday, March 20, 2006, at 4:15pm EST. More graphic element

March 13, 2006
Evergreen Announces Promotions in Institutional Sales, Bolsters Commitment to Public Sector Marketplace
Evergreen Investments

Evergreen Investments’ institutional division today announced that it is bolstering its commitment to the public sector marketplace with promotions in its Asset Management Sales group. More graphic element

February 23, 2006
Evergreen Investments To Propose That Evergreen Utilities And High Income Fund Make A Tender Offer To Repurchase Shares
Evergreen Investments

Evergreen Investments announced today that it would propose to the Board of Trustees of Evergreen Utilities and High Income Fund (AMEX:ERH) that the fund make a tender offer to repurchase up to 5 percent of the fund's outstanding shares at net asset value. More graphic element

February 17, 2006
Evergreen Closed-End Funds Declare Monthly Dividends
Evergreen Investments

Evergreen Investments today announced the dividend declarations for Evergreen Income Advantage Fund, Evergreen More graphic element

February 8, 2006
Evergreen Institutional Announces Launch of Wachovia Global Asset Management
Evergreen Investments

Expanding the firm’s institutional capabilities overseas, Evergreen Investments today announced the launch of Wachovia Global Asset Management (WGAM), the brand name under which Evergreen will conduct business development, sales and distribution efforts in the non-U.S. markets. More graphic element

January 24, 2006
Evergreen Utilities and High Income Fund Announces Final Results of Tender Offer
Evergreen Investments

Evergreen Utilities and High Income Fund (AMEX:ERH), a closed-end equity and high yield bond fund, announced today the final results of its tender offer for up to 5% or 468,544, in the aggregate, of its issued and outstanding common shares, which expired on January 20, 2006. More graphic element

January 23, 2006
Evergreen Closed-End Funds Declare Monthly Dividends
Evergreen Investments

Evergreen investments today announced the dividend declaration for Evergreen Income Advantage Fund (AMEX:EAD), Evergreen Managed Income Fund (AMEX:ERC) and Evergreen Utilities and High Income Fund (AMEX:ERH). More graphic element

January 18, 2006
Evergreen Investments Receives 2005 Dalbar Awards
Evergreen Investments

Building on the firm's goal of delivering excellent client service and products through experienced and knowledgeable investment professionals, Evergreen Investments received top sales and service awards from DALBAR, Inc. More graphic element

January 18, 2006
Evergreen Investments Receives 2005 Dalbar Awards
Evergreen Investments

– Building on the firm’s goal of delivering excellent client service and products through experienced and knowledgeable investment professionals, Evergreen Investments received top sales and service awards from DALBAR, Inc.—one of the nation’s leading financial services research firms, providing benchmarks and ratings for financial services companies. More graphic element