Evergreen Closed-End Funds Declare Monthly Dividends

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BOSTON--(Business Wire)--
Evergreen Investments today announced the dividend declaration for Evergreen
Income Advantage Fund (NYSE Amex:EAD), Evergreen Utilities and High Income Fund
(NYSE Amex:ERH), Evergreen International Balanced Income Fund (NYSE:EBI), and
Evergreen Multi-Sector Income Fund (NYSE Amex:ERC).

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 it is consistent
with its investment objective.

Evergreen Income Advantage Fund declared the following monthly dividend from
ordinary income:

Declaration Date Ex-dividend Date Record Date Payable Date Dividend rate/share
October 16, 2009 November 12, 2009 November 16, 2009 December 1, 2009 $0.0929 / 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:

Declaration Date Ex-dividend Date Record Date Payable Date Dividend rate/share
October 16, 2009 November 12, 2009 November 16, 2009 December 1, 2009 $0.11 / share

Evergreen International Balanced Income 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.

Evergreen International Balanced Income Fund declared the following monthly
dividend from ordinary income:

Declaration Date Ex-dividend Date Record Date Payable Date Dividend rate/share
October 16, 2009 November 12, 2009 November 16, 2009 December 1, 2009 $0.06475 / share

Evergreen Multi-Sector 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 Multi-Sector Income Fund declared the following monthly dividend from
ordinary income:

Declaration Date Ex-dividend Date Record Date Payable Date Dividend rate/share
October 16, 2009 November 12, 2009 November 16, 2009 December 1, 2009 $0.1083 / share

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.

These closed-end funds 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 June 30, 2009), 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. Evergreen Investments serves 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 $162.5
billion in assets (as of June 30, 2009). Evergreen InvestmentsSM 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

Shareholder Inquiries:
800-730-6001
or
Financial Advisor Inquiries:
800-343-2898
or
Media Inquiries:
Evergreen Investments
Lauren Sawyers, 704-715-4561
lsawyers@EvergreenInvestments.com
Laura Fay, 617-210-3867
lfay@EvergreenInvestments.com

Copyright Business Wire 2009