Current AMPS Rates

 Fitch Rating*Moody's Rating*S&P Rating*Reset RateMax Rate**
Evergreen Income Advantage Fund (EAD)AAAAaa 150% x AA Financial Composite Commercial Paper Rate2.298%
Evergreen Multi-Sector Income Fund (ERC)AAAAaa Greater of: 125% x LIBOR, or LIBOR + 125 basis points2.186%
Evergreen Utilities and High Income Fund (ERH)AAA AAAGreater of: 125% x LIBOR, or LIBOR + 125 basis pointsn/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.