Current AMPS Rates

Fund NameFitch Rating*Moody's Rating*Reset RateMax Rate**
Evergreen Income Advantage Fund (EAD)AAAAaa150% x AA Financial Composite Commercial Paper Rate0.257%
Evergreen Multi-Sector Income Fund (ERC)AAAAaaGreater of: 125% x LIBOR, or LIBOR + 125 basis points1.489%

 

*As of March 6, 2008. 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 September 15, 2009

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.