Evergreen Closed End Funds Declare Monthly Dividends
May 18, 2007 |
Press Release |
BOSTON – Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund (AMEX:EAD); Evergreen Multi-Sector Income Fund (AMEX:ERC), formerly Evergreen Managed Income Fund; 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 Date | Ex-dividend Date | Record Date | Payable Date | Dividend Rate/Share |
| May 18, 2007 | June 11, 2007 | June 13, 2007 | July 2, 2007 | $0.1156 / 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 |
| May 18, 2007 | June 11, 2007 | June 13, 2007 | July 2, 2007 | $0.1083 / 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 |
| May 18, 2007 | June 11, 2007 | June 13, 2007 | July 2, 2007 | $0.20 / 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 dividends from ordinary income:
| Declaration Date | Ex-dividend Date | Record Date | Payable Date | Dividend Rate/Share |
| May 18, 2007 | June 11, 2007 | June 13, 2007 | July 2, 2007 | $0.1458 / 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 www.computershare.com.
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. Combined, the groups
serve 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 $312 billion in assets (as of March 31, 2007).
For more information on Evergreen, please visit EvergreenInvestments.com.
Source: Evergreen Investments
Media Inquiries:
Laura Fay, 617.210.3867, lfay@EvergreenInvestments.com
Dan Flaherty: 617.210.3887, dflaherty@EvergreenInvestments.com
Shareholder Inquiries: 800.343.2898