Closed-End Funds
- Product Update - August 28, 2008
- Webinar on Evergreen’s Closed End Funds – May 1, 2008
- Conference Call on Auction Rate Securities - March 24, 2008
- Product Update - February 26, 2008
- Policy for the Consideration of Trustee Nominees
- Policy Concerning Trustee Attendance at Annual Meetings of Shareholders
- Process for Delivering Shareholder Communications to the Board of Trustees
Conference Call on Auction Rate Securities - March 24, 2008
Evergreen Investments held a conference call on March 24, 2008, to comment on the impact of failures in the auction rate securities ("ARS") market on its closed-end funds and to discuss steps Evergreen is taking to meet the objectives of the firm’s preferred and common closed-end fund shareholders. The call was led by Scott E. Couto, CFA, head of Global Product Management for Evergreen, and Karen R. McColl, CFA, managing director of Evergreen Investment Product Management.
The Transcript
Download a transcript of the conference call [PDF].
Replay Information
The conference call was recorded and will be available for playback until April 25, 2008. To listen to the call, please call 800.642.1687 and enter the conference identification number (39992729) when prompted.
These closed-end funds are no longer offered as an initial public offering and are only offered through broker/dealers on the secondary market. Unlike an open-end mutual fund, a closed-end fund (CEF) offers a fixed number of shares for sale. After the initial public offering, shares are bought and sold in the secondary marketplace and the market price of the shares is determined by supply and demand, not by net asset value, often at a lower price than the NAV. A closed-end fund is not required to buy its shares back from investors upon request