Evergreen Closed-End Funds Declare Monthly Dividends
11 Junio 2009 - 3:23PM
PR Newswire (US)
Evergreen Investments today announced the dividend declaration for
Evergreen Income Advantage Fund (NYSE Amex: EAD), Evergreen
Multi-Sector Income Fund (NYSE Amex: ERC), Evergreen Utilities and
High Income Fund (NYSE Amex: ERH), Evergreen International Balanced
Income Fund (NYSE:EBI) and Evergreen Global Dividend Opportunity
Fund (NYSE:EOD). Evergreen also announced a reduction in the
monthly dividend rate of Evergreen Income Advantage Fund and in the
quarterly dividend rate of Evergreen Global Dividend Opportunity
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. The dividend below is a reduction in the
stable dividend rate equal to $0.0165 per common share. The
reduction in the dividend rate is primarily attributable to lower
yields in the portfolio since credit spreads have compressed
significantly. At the new distribution rate of $0.0929 per common
share, the common share distribution yield will be 7.44% as a
percent of the initial offer price. Evergreen Income Advantage Fund
declared the following monthly dividend from ordinary income:
Declaration Ex-Dividend Record Payable Dividend Date Date Date Date
Rate/Share ------------- ------------- ------------- --------------
------------- June 11, 2009 July 13, 2009 July 15, 2009 August 3,
2009 $0.0929/ 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 Ex-Dividend Record Payable
Dividend Date Date Date Date Rate/Share ------------- -------------
------------- -------------- ------------- June 11, 2009 July 13,
2009 July 15, 2009 August 3, 2009 $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 Ex-Dividend
Record Payable Dividend Date Date Date Date Rate/Share
------------- ------------- ------------- --------------
------------- June 11, 2009 July 13, 2009 July 15, 2009 August 3,
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. Evergreen International Balanced Income Fund
declared the following monthly dividend from ordinary income:
Declaration Ex-Dividend Record Payable Dividend Date Date Date Date
Rate/Share ------------- ------------- ------------- --------------
------------- June 11, 2009 July 13, 2009 July 15, 2009 August 3,
2009 $0.085 / share Evergreen Global Dividend Opportunity Fund is a
closed-end fund investing primarily in a diversified portfolio of
common stocks of U.S. and non-U.S. companies. The Fund's investment
objective is to seek a high level of current income and its
secondary objective is long-term growth of capital. The Fund pays
distributions on a quarterly basis. Effective for the next
quarterly distribution, which will have an ex-dividend date of
September 14, 2009 and a payable date of October 1, 2009, the Fund
will have a new dividend rate of $0.28 per common share. The new
dividend rate represents a reduction equal to $0.22 per common
share and results in a common share distribution yield of 5.60% as
a percent of the initial offer price. The reduction in the dividend
rate is primarily attributable to changing market conditions, which
have resulted in adjustments to the portfolio's income projections.
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 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 March 31, 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 $164 billion in assets (as of March 31, 2009).
Evergreen Investments(SM) 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 DATASOURCE: Evergreen Investments
CONTACT: Shareholder Inquiries: +1-800-730-6001, or Financial
Advisor Inquiries: +1-800-343-2898, or Media Inquiries: Lauren
Sawyers, +1-704-715-4561, , or Laura Fay, +1-617-210-3867, Web
Site: http://www.evergreeninvestments.com/
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