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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 evergreen, term commonly used as synonymous with conifer and applied also to all those broad-leaved plants that bear green leaves throughout the year. Of the latter, most are plants of the tropics, subtropics, and other areas where the growing season is prolonged (e.  Income Advantage Fund (AMEX AMEX

See: American Stock Exchange
:EAD EAD Ensino A Distancia (Brazil)
EAD Encoded Archival Description (DTD for SGML)
EAD Employment Authorization Document (US INS)
EAD Exposure At Default
), Evergreen Managed Income Fund (AMEX:ERC (database) ERC - An extended entity-relationship model. ) and Evergreen Utilities and High Income Fund (AMEX:ERH ERH Equilibrium Relative Humidity
ERH Extended Riemann Hypothesis (mathematics)
ERH Electrical Resistive Heating
ERH East Renton Highlands (Washington) 
).

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:
Ex-dividend                  Payable      Dividend
Declaration date     date       Record date     date      rate/share
---------------- ------------- ------------- ----------- -------------
  February 17,     March 10,     March 14,     April 3,
     2006            2006          2006         2006     $0.125/share


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:
Ex-dividend                  Payable     Dividend
Declaration date     date       Record date    date      rate/share
---------------- ------------- ------------- ---------- --------------
  February 17,     March 10,     March 14,    April 3,
     2006            2006          2006        2006     $0.1167/share


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:
Ex-dividend                  Payable      Dividend
Declaration date     date       Record date     date      rate/share
---------------- ------------- ------------- ----------- -------------
  February 17,     March 10,     March 14,     April 3,
     2006            2006          2006         2006     $0.125/share


More details about the funds are available at EvergreenInvestments.com.

About Evergreen Investments

Evergreen Investments is the brand name under which Wachovia Corporation (NYSE NYSE

See: New York Stock Exchange
: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 $249 billion in assets (as of December 31, 2005). Please visit EvergreenInvestments.com for more information about Evergreen Investments.
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Publication:Business Wire
Date:Feb 17, 2006
Words:373
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