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Evergreen Multi-Sector Income Fund Declares Special Dividend

December 19, 2008

BOSTON – Evergreen Investments today announced the dividend declaration for Evergreen Multi-Sector Income Fund (AMEX:ERC).

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 special dividend from ordinary income:

Declaration Date Ex-Dividend Date Record Date Payable Date Dividend Rate/Share
December 19, 2008 December 24, 2008 December 29, 2008 January 2, 2009 $1.12 / 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 1-800-730-6001 or visit

This closed-end fund is no longer offered as an initial public offering and is only offered through broker/dealers on the secondary market.

About Evergreen Investments
Evergreen Investments is the brand name under which Wachovia Corporation (NYSE:WB) conducts its investment management business. Wachovia Global Asset Management is the brand name under which Evergreen Investments conducts sales and distribution business outside of the United States. Combined, the groups serve 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 $209 billion in assets (as of September 30, 2008).

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