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Evergreen Closed End Funds Declare Monthly Dividends.


BOSTON -- Evergreen Investments Evergreen Investments is the brand name under which Wachovia Corporation 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.  today announced the dividend declaration for Evergreen Income Advantage Fund (AMEX AMEX

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), Evergreen Managed Income Fund (AMEX:ERC (database) ERC - An extended entity-relationship model. ), Evergreen Utilities and High Income Fund (AMEX:ERH ERH Equilibrium Relative Humidity
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) and Evergreen International This article is about a non-profit organization. For the aviation company see Evergreen International Aviation

Evergreen International, Inc. is a non-profit organization located in Salt Lake City, Utah, whose stated mission is to assist "people who want to diminish same-sex
 Balanced Income Fund (NYSE NYSE

See: New York Stock Exchange
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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 18,    September 11, September 13, October 2,  $0.1156/ share
    2006            2006         2006         2006


Evergreen Managed 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 Managed Income Fund declared the following monthly dividend from ordinary income:
Declaration   Ex-dividend     Record       Payable        Dividend
   Date          Date          date          Date        rate/share
-----------  -------------- ------------- ----------- ----------------
August 18,    September 11, September 13,  October 2,  $0.1167 / share
   2006           2006          2006          2006


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 18,    September 11,  September 13, October 2, $0.1667 / share
   2006           2006           2006          2006


Evergreen International Balanced Income Fund is a closed-end fund Closed-end fund

An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-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 dividends from ordinary income:
Declaration   Ex-dividend      Record        Payable      Dividend
   Date          Date           date          Date       rate/share
-----------  -------------- ------------- ----------- ----------------
August 18,    September 11, September 13,  October 2, $0.1458 / share
   2006           2006          2006          2006


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 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Combined, the groups serve more than four million individual and institutional investors Institutional Investor

A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions.
 through a broad range of investment products. Led by 400 investment professionals, Evergreen Investments strives to meet client investment objectives through disciplined, team-based asset management. Evergreen Investments manages more than $250 billion in assets (as of June 30, 2006). Please visit EvergreenInvestments.com for more information about Evergreen Investments.
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Publication:Business Wire
Date:Aug 18, 2006
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