Evergreen Announces Management Appointment on Two Closed-End Funds
23 Marzo 2009 - 10:00PM
PR Newswire (US)
BOSTON, March 23 /PRNewswire/ -- Evergreen Investments, which
serves as the investment adviser to Evergreen Global Dividend
Opportunity Fund (NYSE: EOD) and Evergreen International Balanced
Income Fund (NYSE:EBI), announced today that Tim Stevenson, CFA,
CMT, will expand his responsibilities to include portfolio
oversight of the two closed-end funds, effective Friday, March 27,
2009. Tim replaces Joseph DeSantis, who is leaving the firm to
pursue other opportunities. In addition to his current role as head
of Evergreen's Derivatives and Alternative Strategies team, Tim
currently serves as a portfolio manager on Evergreen Global
Dividend Opportunity Fund and Evergreen International Balanced
Income Fund, overseeing the Funds' options positions using
quantitative and statistical analysis. Tim will provide additional
oversight for Evergreen Global Dividend Opportunity Fund
coordinating the equity and options portfolios with a focus on
maintaining an attractive and sustainable stream of income while
seeking to maximize the upside potential of the securities held in
the Fund. Portfolio manager Timothy O'Brien, CFA, will continue in
his role overseeing the equity sleeve of the Fund. In his oversight
of Evergreen International Balanced Income Fund, Tim will work
closely with comanagers Francis Claro and Anthony Norris and Peter
Wilson to determine the appropriate mix of international equity and
fixed income exposure, respectively, as well as the extent and
types of options employed so as to position the portfolio in line
with market opportunities. Evergreen Global Dividend Opportunity
Fund has a primary investment objective of seeking to provide a
high level of current income with a secondary objective of
achieving long-term growth of capital. The Fund primarily invests
in global equities believed to offer above average potential for
current and/or future dividends. The Fund actively employs a
dividend capture strategy. In addition, the Fund also writes
(sells) call options on a variety of U.S. and non-U.S.-based
securities indices to generate additional distributable income.
Evergreen International Balanced Income Fund, has a primary
investment objective of seeking to provide a high level of income
by investing primarily in dividend-paying international stocks and
other equity securities and international debt securities. In
addition, the Fund will write call options on international
indexes. These closed-end fund 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 December 31, 2008), 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 $175
billion in assets (as of December 31, 2008). 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: 800-730-6001, Financial Advisor
Inquiries: 800-343-2898, Media Inquiries: Laura Fay,
+1-617-210-3867, , Lauren Sawyers, +1-704-715-4561, Web Site:
http://www.evergreeninvestments.com/
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