Evergreen Closed End Funds Declare Monthly Dividends

    BOSTON, Aug. 15 /EMWNews/ -- 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

       August 15,     September 12,  September 16, October 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

       August 15,     September 12,  September 16, October 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

       August 15,     September 12,  September 16,  October 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

      August 15,      September 12,  September 16, October 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

      August 15,      September 12,  September 16,  October 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 .



    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 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 $245 billion in assets (as of June 30, 2008).

Please visit EvergreenInvestments.com for more information about Evergreen

Investments.



    Funds: NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE