BOSTON, Dec. 19 /PRNewswire-FirstCall/ -- 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    Ex-dividend    Record        Payable        Dividend
    Date           Date           Date          Date           rate/share
    Dec. 19, 2008  Dec. 24, 2008  Dec. 29, 2008 Jan. 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 800.730.6001 or visit www.computershare.com .

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. Evergreen serves more than four million individual and institutional investors through a broad range of investment products. Led by 300 investment professionals, Evergreen strives to meet client investment objectives through disciplined, team-based asset management. Evergreen manages more than $209 billion in assets (as of September 30, 2008). Please visit EvergreenInvestments.com for more information about Evergreen Investments.

Funds: NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE

SOURCE Evergreen Investments