Current AMPS Rates
| Fitch Rating* | Moody's Rating* | S&P Rating* | Reset Rate | Max Rate** | |
| Evergreen Income Advantage Fund (EAD) | AAA | Aaa | 150% x AA Financial Composite Commercial Paper Rate | 2.298% | |
| Evergreen Multi-Sector Income Fund (ERC) | AAA | Aaa | Greater of: 125% x LIBOR, or LIBOR + 125 basis points | 2.186% | |
| Evergreen Utilities and High Income Fund (ERH) | AAA | AAA | Greater of: 125% x LIBOR, or LIBOR + 125 basis points | n/a*** |
*As of 3.06.08. As outlined in each fund's registration statement, the
maximum rate is determined with reference to a short-term interest rate
benchmark, and will change over time as the benchmark rate changes.
**Based on most recent auction through November 6, 2008
***As of May 20, 2008, 100% of ERH auction-rate securities will be redeemed
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.