Evergreen Announces Delayed Completion of Annual Reports for Three Closed End Funds
15 Gennaio 2009 - 3:15PM
PR Newswire (US)
BOSTON, Jan. 15 /PRNewswire-FirstCall/ -- Evergreen Investments
today announced that the completion of financial statements for
three of the firm's closed-end funds has been delayed. The Funds
include Evergreen Multi-Sector Income Fund (NYSE:ERC), Evergreen
International Balanced Income Fund (NYSE:EBI), and Evergreen Global
Dividend Opportunity Fund (NYSE:EOD) (collectively "the Funds").
The Funds' financial statements for the fiscal year ended October
31, 2008 are not yet available because management's review of the
valuation of certain securities during the period shown in the
financial statements and related procedures and controls have not
been completed in time to allow the Funds' independent public
accountants to complete their audit of the Funds' financial
statements. As a result the Funds have not been able to transmit
annual reports for the fiscal year ended October 31, 2008 to
shareholders of the Funds or file these reports with the Securities
and Exchange Commission. The Funds' annual reports for the fiscal
year ended October 31, 2008 will be transmitted to shareholders of
the Funds and filed with the Securities and Exchange Commission
promptly following the completion of the audit of each respective
Fund's financial statements. Management of the Funds estimates that
the audit of each Fund's financial statements will be completed by
January 22, 2009. Information about each Fund's investment
objective, net and total assets, and net investment income follows:
Evergreen Multi-Sector Income Fund (NYSE:ERC) Evergreen
Multi-Sector Income Fund (the "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. As of October 31, 2008, the Fund's net
assets were $ 566,515,239 and the Fund's total assets were $
984,780,290. For the twelve-month period ended October 31, 2008,
the Fund's net investment income was $ 70,646,241. Evergreen
International Balanced Income Fund (NYSE:EBI) Evergreen
International Balanced Income Fund (the "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. As of October 31, 2008, the Fund's net assets were
$160,609,993 and the Fund's total assets were $181,459,678. For the
twelve-month period ended October 31, 2008, the Fund's net
investment income was $12,521,053. Evergreen Global Dividend
Opportunity Fund (NYSE:EOD) Evergreen Global Dividend Opportunity
Fund (the "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. As of October 31, 2008, the Fund's net assets
were $574,156,840 and the Fund's total assets were $599,486,496.
For the twelve-month period ended October 31, 2008, the Fund's net
investment income was $91,943,711. The shares of these closed-end
funds are no longer offered in a public offering and are only
available 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 $1.4 trillion in
assets, 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. 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 $209 billion in assets (as of
September 30, 2008). For more information on Evergreen, please
visit EvergreenInvestments.com. Note: The statements made in this
release may include statements that constitute "forward-looking
statements" under the U.S. Securities laws. Forward-looking
statements include, among other things, projections, estimates, and
information about possible or future results related to the funds,
markets, regulatory developments, and other risks discussed from
time to time in the funds' filings with the Securities and Exchange
Commission. Such statements are not guarantees of performance or
economic results and involve risks, uncertainties and assumptions
that could cause actual results to differ. Investors must not rely
on any forward-looking statements. Funds: NOT FDIC INSURED | NOT
BANK GUARANTEED | MAY LOSE VALUE DATASOURCE: Evergreen Investments
CONTACT: Laura Fay, +1-617-210-3867, , or Lauren Sawyers,
+1-704-715-4561, , both of Evergreen Investments Web site:
http://www.evergreeninvestments.com/
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