Evergreen Income Advantage Fund (the Fund) is a diversified closed-end management investment company. The primary investment objective of the Fund is to seek a high level of current income. The Fund may, as a secondary objective, also seek capital appreciation to the extent consistent with its investment objective. The Fund invests in various sectors, such as consumer discretionary, hotels, restaurants and leisure, household durables, Internet & catalog retail, media, textiles, apparel and luxury goods, beverages, food products, energy, financials, health care, industrials and information technology. Evergreen Investment Management Company, LLC is the investment advisor to the Fund.