Wells Fargo Advantage Funds [logo]
Evergreen Investments [logo]
Product Alert
INTEGRATION UPDATE
June 18, 2010
Wells Fargo Advantage and Evergreen Funds Shareholders Approve Mergers/Reorganization of Five Funds
On June 18, 2010, shareholders of five Wells Fargo Advantage and Evergreen Funds approved the merger or reorganization of their Funds into acquiring Wells Fargo Advantage Funds®, bringing the combination of the two fund families closer to completion. The mergers and reorganizations are expected to occur in July 2010. Shareholders of the following Funds approved the reorganization proposals:
Evergreen Large Company Growth Fund
Evergreen VA Omega Fund
Wells Fargo Advantage Equity Income Fund
Wells Fargo Advantage Large Cap Appreciation Fund
Wells Fargo Advantage VT Large Company Growth Fund
The shareholder meetings for the Wells Fargo Advantage Large Company Growth Fund and the Evergreen Omega Fund have been adjourned because, as of June 18, 2010, we had not yet received shareholder votes representing 50% of the outstanding shares of the Funds, a requirement to pass the proposals. Shareholder proxies for these two Funds will continue to be solicited and accepted until the shareholder meetings reconvene. The meetings are scheduled to reconvene as follows:
Wells Fargo Advantage Large Company Growth Fund: June 21, 2010
Evergreen Omega Fund: June 29, 2010
As we communicated in a Product Alert dated June 8, 2010, the shareholder meeting for a number of other Wells Fargo Advantage and Evergreen Funds will reconvene on Monday, June 21, 2010. We will communicate the results of the June 21 shareholder meeting in a separate Product Alert.
Shareholders of the Wells Fargo Advantage Large Company Growth Fund or the Evergreen Omega Fund who have not yet voted their shares are encouraged to vote in one of the following ways:
By returning the proxy ballot by mail prior to the next shareholder meeting date.
By calling 1-800-499-8519. If available, shareholders should have a copy of their proxy ballot in hand.
By going to www.wellsfargo.com/advantagefundsor www.evergreeninvestments.comand clicking on the “Take a moment to vote your proxy” icon on the homepage. Shareholders will just need the control number printed on their proxy ballot.
This is not an offer to sell, nor a solicitation of an offer to buy, shares of any investment company, nor is it a solicitation of any proxy.
Additional information and where to find it
In connection with the proposed transaction, the acquirer has filed a Prospectus/Proxy Statement with the Securities and Exchange Commission (SEC). All shareholders are advised to read this Prospectus/Proxy Statement in its entirety when it becomes available, because it will contain important information regarding the acquirer, the target, the transaction, the persons soliciting proxies in connection with the transaction, and the interests of these persons in the transaction and related matters. The target intends to mail the Prospectus/Proxy Statement to its shareholders once such Prospectus/Proxy Statement is declared effective by the SEC. Shareholders may obtain a free copy of the Prospectus/Proxy Statement when available and other documents filed by the acquirer with the SEC at the SEC’s Web site at http://www.sec.gov. Free copies of the Prospectus/Proxy Statement, once available, may be obtained by directing a request via mail, phone, or e-mail to acquirer, Wells Fargo Advantage Funds, P.O. Box 8266, Boston, MA, 02266-8266, 1-800-222-8222, www.wellsfargo.com/advantagefunds. Free copies of the Prospectus/Proxy Statement, once available, also may be obtained by directing a request via mail or fax to target, Evergreen Funds, 200 Berkeley Street, Boston, MA, 02116-5034, 1-800-343-2898, www.evergreeninvestments.com. In addition to the Prospectus/Proxy Statement, the target and the acquirer file annual and semi-annual reports and other information with the SEC. You may read and copy any reports, statements, or other information filed by the target or the acquirer at the SEC’s public reference rooms at 100 F Street, N.E., Washington, D.C., 20549-0213. Please call the Commission at 1-800-SEC-0330 for further information on the public reference rooms. Filings made with the SEC by either the target or the acquirer are also available to the public from commercial document-retrieval services and at the Web site maintained by the SEC at http://www.sec.gov.
Participants in the solicitation
The acquirer, the target and their respective directors, executive officers, and certain members of their management and other employees may be soliciting proxies from shareholders in favor of the transaction and other related matters. Information concerning persons who may be considered participants in the solicitation of the target’s shareholders under the rules of the SEC will be set forth in the Prospectus/Proxy Statement filed by the acquirer with the SEC in April 2010.
Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. Some funds, including nondiversified funds and funds investing in foreign investments, high-yield bonds, small and mid cap stocks, and/or more volatile segments of the economy, entail additional risk and may not be appropriate for all investors. Consult a Fund’s prospectus for additional information on these and other risks.
Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus, containing this and other information, visit www.evergreeninvestments.com for Evergreen Funds and www.wellsfargo.com/advantagefunds for Wells Fargo Advantage Funds. Read the prospectus carefully before investing.
The Variable Trust Funds are generally available only through insurance company variable contracts.
Evergreen Investment Management Company, LLC, is a subsidiary of Wells Fargo & Company and is an affiliate of Wells Fargo & Company’s broker/dealer subsidiaries. Evergreen InvestmentsSM is a service mark of Evergreen Investment Management Company, LLC. Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Advantage Funds. Other affiliates of Wells Fargo & Company provide subadvisory and other services for the Funds. The Evergreen mutual funds and Wells Fargo Advantage Funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company. 123971 06-10
NOT FDIC INSURED * NO BANK GUARANTEE * MAY LOSE VALUE
