Welcome to the Information Website for the Evergreen Investment Management Company, LLC, Evergreen Investment Services, Inc., Evergreen Service Company, LLC and Wachovia Securities, LLC Settlement

 

On September 19, 2007, the Securities and Exchange Commission ("SEC") approved a settlement of an administrative proceeding against Evergreen Investment Management Company, LLC, Evergreen Investment Services, Inc., Evergreen Service Company, LLC and Wachovia Securities, LLC regarding frequent trading activity in certain Evergreen Funds and established a fair fund, the Evergreen Distribution Fund.

Based on the Final Plan of Distribution developed by the Independent Distribution Consultant (IDC) and approved by the SEC, the IDC calculated losses incurred as a result of the market timing subject to the SEC Order and developed a plan for distributing payment for the Evergreen Distribution Fund to eligible shareholders.

To be eligible for the distribution, investors must have owned shares of one or more of the fifteen Evergreen mutual funds listed below during the period spanning September 1, 1998 to June 4, 2004 unless specified otherwise.

Aggressive Growth Fund Emerging Markets Growth Fund
Evergreen Fund Global Large Cap Equity Fund
Global Opportunities Fund Growth and Income Fund
Growth Fund High Yield Bond Fund
International Equity Fund (Formerly known as International Growth Fund) International Equity Fund (Impacted period: 09/01/1998 - 10/23/1998)
Mid Cap Growth Fund  Municipal Bond Fund
Perpetual International Fund Precious Metals Fund
U.S. Government Fund  

The IDC has established a minimum threshold (de minimis amount) of $10 in the approved Plan of Distribution. Eligible shareholders who meet the de minimis amount will begin to receive their payments in late-2010 and our goal is to complete the distribution process by early-2011.

Distribution Settlement is Now Closed - Monday, October 08, 2012

The Evergreen Fair Fund Distribution has been completed in accordance with the Final Plan of Distribution.  The Distribution Account has been closed and no checks or wires will be issued.

 
Settlement Update - Tuesday, January 31, 2012

All distributions and reissue requests have been completed for the Evergreen Distribution Fund.

All checks must be cashed by Friday, February 17, 2012.

 
Settlement Update - Tuesday, November 09, 2010

 

Plan of Distribution has been approved for the Evergreen Distribution Fund. Distributions will begin November 15, 2010 and will continue through first quarter 2011.

 

 

 
Posted on - Monday, November 08, 2010

For important tax information see the Statement to Eligible Investors.