BOSTON, June 19 MA-Evergreen-liquidat
BOSTON, June 19 /PRNewswire/ -- Evergreen Investments today announced that
the Board of Trustees of the Evergreen Funds approved a plan to liquidate
Evergreen Ultra Short Opportunities Fund (EUBAX). Shareholders of record as of
June 18, 2008 will receive a cash distribution based on a $7.48 per share net
asset value (NAV) calculated after the close of business on June 18. As of
such date, the Fund had total net assets of $403 million. Evergreen's parent
company, Wachovia Corp. (NYSE: WB), will provide financing for the liquidation
which will occur on or about Thursday, June 26, 2008. Effective immediately,
shares of the Fund will no longer be available for purchase by new
shareholders.
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 $258 billion in assets (as of March
31, 2008). Please visit EvergreenInvestments.com for more information about
Evergreen Investments.
About Wachovia
Wachovia Corporation (NYSE: WB) is one of the nation's largest diversified
financial services companies, with assets of $808.9 billion and market
capitalization of $53.8 billion at March 31, 2008. Wachovia provides a broad
range of retail banking and brokerage, asset and wealth management, and
corporate and investment banking products and services to customers through
3,300 retail financial centers in 21 states from Connecticut to Florida and
west to Texas and California, and nationwide retail brokerage, mortgage
lending and auto finance businesses. Globally, clients are served in selected
corporate and institutional sectors and through more than 40 international
offices. Our retail brokerage operations under the Wachovia Securities brand
name manage more than $1.1 trillion in client assets through 18,600 registered
representatives in 1,500 offices nationwide.
SOURCE Evergreen Investments
