Closed-End Fund Advisory: Evergreen to Hold Conference Call
22 August 2007 - 7:12AM
PR Newswire (US)
BOSTON, Aug. 21 /PRNewswire-FirstCall/ -- Evergreen Investments
will hold a conference call on Wednesday, August 22, 2007, at
4:15pm EST to discuss market conditions related to its five
closed-end funds: Evergreen Income Advantage (NYSE:EAD); Evergreen
Multi-Sector Income (AMEX:ERC); Evergreen Utilities and High Income
(AMEX:ERH); Evergreen International Balanced Income (NYSE:EBI); and
Evergreen Global Dividend Opportunity (NYSE:EOD). The call will be
led by Karen McColl, CFA, senior vice president, managing director,
Investment Product Management, and will feature four portfolio
managers representing various Evergreen closed-end funds. * Timothy
P. O'Brien, CFA, principal, Crow Point Partners and portfolio
manager of Evergreen Utilities and High Income and Evergreen Global
Dividend Opportunities funds; * Joseph DeSantis, chief investment
officer and lead portfolio manager, Evergreen International
Balanced Income and Evergreen Global Dividend Opportunities funds;
* Lisa Brown-Premo, head of Tattersall Advisory Group's
Mortgage-Backed Securities/Structured Products group and senior
portfolio manager, Evergreen Multi-Sector Income Fund; and * Andrew
Cestone, director of Tattersall Advisory Group's High Yield team
and portfolio manager of Evergreen Income Advantage Fund. During
the call, Ms. McColl and team will review recent performance of the
funds, discuss drivers of investment results and provide a general
outlook for the each of the firm's closed-end funds. Interested
parties should call toll free 877 .747.8778 and enter the following
conference identification number when prompted: 14115727.
Participants should be prepared to provide their name and
professional affiliation, if applicable. The call will be recorded
and made available for playback beginning approximately two hours
after its completion. To access the recording, please call
800.642.1687. The recording will be available for replay for 30
days. Evergreen will make a transcript of the call available on its
Web site shortly after the call. For more information about
Evergreen's closed-end funds, contact your financial advisor, visit
EvergreenInvestments.com, or call 800.343.2898. Funds: NOT FDIC
INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE These closed-end
funds are no longer offered as an initial public offering and are
only offered through broker/dealers on the secondary market. A
closed- end fund is not required to buy its shares back from
investors upon request. Evergreen Income Advantage(1, 2, 3),
Evergreen Multi-Sector Income(1, 2, 3, 4), Evergreen Utilities and
High Income(1, 2, 3, 4, 5, 6), Evergreen International Balanced
Income(1, 4, 7), Evergreen Global Dividend Opportunity(1, 4, 5, 8)
Past performance is no guarantee of future results.(1) The fund's
investment objective may be changed without a vote of the fund's
shareholders. Investment return and principal value of an
investment will fluctuate so that investors' shares, when sold, may
be worth more or less than their original costs. Derivatives
involve additional risks including interest rate risk, credit risk,
the risk of improper valuation and the risk of non-correlation to
the relevant instruments they are designed to hedge or to closely
track. High yield, lower-rated bonds may contain more risk due to
the increased possibility of default. The return of principal is
not guaranteed due to fluctuation in the fund's NAV caused by
changes in the price of individual bonds held by the fund and the
buying and selling of bonds by the fund. Bond funds have the same
inflation, interest rate and credit risks as individual bonds.
Generally, the value of bond funds rise when prevailing interest
rates fall, and fall when interest rates rise. (2)The fund has
issued preferred shares and, in addition, may borrow, which creates
leverage. The use of leverage results in certain risks including,
among others, the likelihood of greater volatility of net asset
value and the market price of common shares. (3)U.S. government
guarantees apply only to certain securities held in the fund's
portfolio and not to the fund's shares. (4)Foreign investments may
contain more risk due to the inherent risks associated with
changing political climates, foreign market instability and foreign
currency fluctuations. (5)Funds that concentrate their investments
in a single industry or sector may face increased risk of price
fluctuation over more diversified funds due to adverse developments
within that industry or sector. (6)Non-diversified funds may face
increased risk of price fluctuation over more diversified funds due
to adverse developments within certain sectors. (7)There are
numerous risks associated with transactions in options on
securities. As the writer of an index call option, the Fund
foregoes the opportunity to profit from increases in the values of
securities held by the Fund. However, the Fund has retained the
risk of loss (net premiums received) should the price of the Fund's
portfolio securities decline. Similar risks are involved with
writing call options on individual securities held in the Fund's
portfolio. This combination of potentially limited appreciation and
full depreciation over time may lead to the erosion in the value of
the Fund. (8)Mid-cap securities may be subject to special risks
associated with narrower product lines and limited financial
resources than compared to their large-cap counterparts and, as a
result, mid-cap securities may decline significantly in market
downturns. The stocks of smaller companies may be more volatile
than those of larger companies due to the higher risk of failure.
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 400
investment professionals, Evergreen Investments strives to meet
client investment objectives through disciplined, team-based asset
management. Evergreen Investments manages approximately $281
billion in assets (as of June 30, 2007). Please visit
EvergreenInvestments.com for more information about Evergreen
Investments. Evergreen mutual funds are distributed by Evergreen
Investment Services, Inc. 200 Berkeley Street, Boston, MA
02116-5034 Evergreen Investments(SM) is a service mark of Evergreen
Investment Management Company, LLC. Copyright 2007. Evergreen
Investment Management Company, LLC. DATASOURCE: Evergreen
Investments CONTACT: Laura Fay of Evergreen Investments,
+1-617-210-3867, Web site: http://www.evergreeninvestments.com/
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