Evergreen Utilities and High Income Fund Declares Long-Term Capital Gain Distribution

December 18, 2007

Press Release

BOSTON – Evergreen Investments today declared a long-term capital gain distribution for Evergreen Utilities and High Income Fund (AMEX:ERH).

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 long-term capital gain distribution:

Declaration Date	Ex-dividend Date	Record Date	Payable Date	Dividend Rate/share
December 18, 2007	December 26, 2007	December 28, 2007	January 2, 2008	$1.7743/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 $281.5 billion in assets (as of June 30, 2007). For more information on Evergreen, please visit EvergreenInvestments.com.

Source: Evergreen Investments

Media Inquiries:
Laura Fay: 617.210.3867, lfay@EvergreenInvestments.com
Lauren Sawyers: 704.715.4561, lsawyers@EvergreenInvestments.com

Shareholder Inquiries: 800.343.2898

Footer

Past performance does not guarantee future results. The performance quoted represents past performance and current performance may be lower or higher. Investment return and principal value of an investment will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Performance at NAV does not include the effect of sales charges. Performance includes the reinvestment of income, dividends and capital gain distributions.

An investor should consider a fund's investment objectives, risks, charges and expenses carefully before investing. This and other important information can be found in the fund's prospectus. Obtain a prospectus online and read carefully before investing.

Investments in stocks, bonds and mutual funds:
NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE

Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. Evergreen Investments(SM) is a service mark of Evergreen Investment Management Company, LLC. Copyright 2010, Evergreen Investment Management Company, LLC.

Effective 1/4/2010, Evergreen mutual funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company.

Evergreen mutual funds may be offered only to persons in the United States and by way of a prospectus. This Web site should not be considered a solicitation or offering of any investment products or services to investors residing outside the United States.

Privacy Statement | Internet Privacy Statement | Terms & Conditions | Proxy Voting

Evergreen Investments, 200 Berkeley Street, Boston, MA 02116

Evergreen Utilities and High Income Fund Declares Long-Term Capital Gain Distribution

December 18, 2007

Press Release

Site Navigation

Footer