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Wells Fargo Funds Management And Evergreen Investments Announce The Approval Of Proposed Changes To Four Evergreen Closed-End Funds

As part of the integration of the Evergreen and Wells Fargo Advantage mutual fund families, Wells Fargo Funds Management, LLC, and Evergreen Investments announced today that shareholders have approved proposals for new advisory and subadvisory contracts and the nomination of trustees for four Evergreen closed-end funds: Evergreen Income Advantage Fund (NYSE Amex:EAD), Evergreen Multi-Sector Income Fund (NYSE Amex:ERC), Evergreen Utilities and High Income Fund (NYSE Amex:ERH), and Evergreen Global Dividend Opportunity Fund (NYSE:EOD). In addition, the four Funds have been renamed, effective after the close of business on July 9, 2010. The trading symbols for each of the four Funds will not change.

Former Closed-End Fund Name           New Closed-End Fund Name
Evergreen Income Advantage Fund           Wells Fargo Advantage Income Opportunities Fund (NYSE Amex: EAD)
Evergreen Multi-Sector Income Fund           Wells Fargo Advantage Multi-Sector Income Fund (NYSE Amex: ERC)
Evergreen Utilities and High Income Fund           Wells Fargo Advantage Utilities and High Income Fund (NYSE Amex: ERH)
Evergreen Global Dividend Opportunity Fund           Wells Fargo Advantage Global Dividend Opportunity Fund (NYSE: EOD)

The shareholder meeting for the Evergreen International Balanced Income Fund (NYSE:EBI) has been adjourned for all proposals until July 30, 2010. Shareholder votes for the Fund will continue to be solicited and accepted until the next meeting date.

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