Evergreen Announces Plan to Liquidate Evergreen International Balanced Income Fund
16 Luglio 2010 - 11:05PM
Business Wire
The Board of Trustees of Evergreen International Balanced Income
Fund (NYSE:EBI) today approved the liquidation of the Fund.
The liquidation is expected to occur after the close of business
on Monday, August 16, 2010. Shares of the Fund will cease to be
traded on the New York Stock Exchange at that time. Shareholders at
that time will receive a liquidating distribution equal to the net
asset value (NAV) of their investment in the Fund as of the close
of business on August 16, 2010.
The Fund seeks to provide a high level of income by primarily
investing in dividend-paying international stocks and other equity
securities and international debt securities. The Fund seeks to
supplement its current income by writing call options on
international indices. The Fund’s investment advisor, Evergreen
Investment Management Company, LLC, has informed the Fund’s
Trustees that it believes that declines over time in the current
income available for distribution by the Fund and the Fund’s recent
investment performance have contributed to the discount at which
the Fund’s shares trade to their net asset value. Evergreen does
not expect the Fund’s income available for distribution to increase
for the foreseeable future due, in part, to anticipated changes to
the U.S. tax code. In light of these and other factors, and after
reviewing various other strategic options, Evergreen recommended to
the Trustees that the Fund be liquidated.
A meeting of shareholders of the Fund held on July 9, 2010, to
consider proposals to approve new advisory and subadvisory
contracts and Trustee appointments was adjourned to July 30, 2010.
No action is expected to be taken on the proposals at that
adjourned meeting.
The dividend that the Fund declared on June 10, 2010, which is
payable August 2, 2010, to shareholders of record on July 15, 2010,
will be the Fund’s final regular monthly dividend. Any income or
gain that otherwise would have been distributed by way of a
dividend declared in July 2010 and payable in September 2010 will
instead be distributed as a dividend to be paid on or before the
date of the Fund’s liquidation.
The Fund is a closed-end, U.S.-registered management investment
company advised by Evergreen Investment Management Company, LLC,
with total net assets of $168 million as of June 30, 2010.
For more information, please visit the News Room page on
www.EvergreenInvestments.com or the Press Room on
www.wellsfargo.com/advantagefunds, contact your financial advisor,
or call 1-800-343-2898.
The Fund’s shares 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 and is part of the Wells Fargo Asset Management
Group. Wells Fargo & Company is a diversified financial
services company with $1.2 trillion in assets as of March 31, 2010,
providing banking, insurance, investments, mortgage and consumer
finance through almost 11,000 stores and the internet
(WellsFargo.com) across North America and internationally. The
Wells Fargo Asset Management Group serves individual and
institutional investors through a broad range of investment
products; strives to meet client investment objectives through
disciplined, team-based asset management; and manages more than
$465 billion in assets as of March 31, 2010. For more information
on Evergreen, please visit EvergreenInvestments.com.
Evergreen Investment Management Company, LLC, is a subsidiary of
Wells Fargo & Company and is an affiliate of Wells Fargo &
Company’s broker/dealer subsidiaries. Evergreen InvestmentsSM is a
service mark of Evergreen Investment Management Company, LLC.
Copyright 2010. Evergreen Investment Management Company, LLC.
124904 07-10
The foregoing is not an offer to sell, nor a solicitation of an
offer to buy, shares of any investment company. For more
information regarding the fund, please call 1-800-343-2898 or visit
the Evergreen funds’ website at www.EvergreenInvestments.com.
Information regarding the fund may also be found on the Securities
and Exchange Commission’s website (http://www.sec.gov).
Funds: NOT FDIC INSURED | NOT BANK
GUARANTEED | MAY LOSE VALUE
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