Evergreen Income Advantage Fund Declares Monthly Dividend

Business Wire,  Sept 19, 2003  

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Business Editors

BOSTON--(BUSINESS WIRE)--Sept. 19, 2003

Evergreen Investments today announced the dividend declaration for Evergreen Income Advantage Fund (AMEX:EAD), a closed-end high yield bond fund. The fund's investment objective is to seek a high level of current income. The fund may, as a secondary objective, seek capital appreciation to the extent consistent with its investment objective.

Evergreen Income Advantage Fund declared the following monthly dividend:

Declaration date    Ex-dividend    Record      Payable     Dividend
                        date        date        date      rate/share

September 22, 2003   October 10, October 15, November 3,
                        2003        2003        2003     $0.1375/share

More details about the fund are available at EvergreenInvestments.com.

About Evergreen Investments

Evergreen Investments is the brand name under which Wachovia Corporation (NYSE: WB) conducts its investment management business and is a leading asset management firm serving more than four million individual and institutional investors through a broad range of investment products. Led by 350 investment professionals, Evergreen Investments strives to meet client investment objectives through disciplined, team-based asset management. Evergreen Investments manages more than $235 billion in assets (as of June 30, 2003). For more information on Evergreen, please visit www.evergreeninvestments.com.

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