Evergreen Closed End Funds Declare Monthly Dividends

BOSTON, Feb. 15  /PRNewswire-FirstCall/ -- Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund (AMEX:EAD), Evergreen Multi-Sector Income Fund (AMEX:ERC), Evergreen Utilities and High Income Fund (AMEX:ERH), Evergreen International Balanced Income Fund (NYSE:EBI), and Evergreen Global Dividend Opportunity Fund (NYSE:EOD).

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    Ex-dividend    Record     Payable       Dividend
     Date            Date        Date       Date        Rate/Share

  February 15,     March 13,   March 17,   April 1,   $0.1094 / share
     2008            2008        2008       2008




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

  February 15,    March 13,    March 17,   April 1,   $0.1083 / share
     2008           2008         2008       2008




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

  February 15,    March 13,    March 17,   April 1,    $0.23 / share
     2008           2008         2008       2008




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

  February 15,    March 13,    March 17,   April 1,   $0.1458 / share
     2008           2008         2008       2008




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. The Fund's secondary objective is long-term growth of capital.

Evergreen Global Dividend Opportunity Fund declared the following quarterly dividend from ordinary income:

  Declaration    Ex-dividend    Record     Payable       Dividend
     Date            Date        Date       Date        Rate/Share

  February 15,    March 13,    March 17,   April 1,    $0.50 / share
     2008           2008         2008       2008




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/.

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. Evergreen serves more than four million individual and institutional investors through a broad range of investment products.  Led by 300 investment professionals, Evergreen strives to meet client investment objectives through disciplined, team-based asset management.  Evergreen manages more than $274 billion in assets (as of December 31, 2007). Please visit EvergreenInvestments.com for more information about Evergreen Investments.

Shareholder Inquiries:          Financial Advisor Inquiries:

800.730.6001                    800.343.2898 

DATASOURCE: Evergreen Investments



CONTACT:  Lauren Sawyers, [phone],

, or Laura Fay, [phone],

, both of Evergreen Investments



Web site:  http://www.evergreeninvestments.com/

http://www.computershare.com/ 

Copyright