AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 28, 2004
SECURITIES ACT FILE NO. 333-
INVESTMENT COMPANY ACT FILE NO. 811-21507
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM N-2
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933 [x]
PRE-EFFECTIVE AMENDMENT NO. __ [ ]
POST-EFFECTIVE AMENDMENT NO. __ [ ]
AND/OR
REGISTRATION STATEMENT UNDER
THE INVESTMENT COMPANY ACT OF 1940 [ ]
AMENDMENT NO. 3 [X]
(Check Appropriate Box or Boxes)
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EVERGREEN UTILITIES AND HIGH INCOME FUND
(Exact Name of Registrant As Specified in Charter )
200 BERKELEY STREET
BOSTON, MA 02116-5034
(Address of Principal Executive Offices)
Registrant's Telephone Number, including Area Code: (617) 210-3200
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THE CORPORATION TRUST COMPANY
1209 ORANGE STREET
WILMINGTON, DE 19801
(Name and Address of Agent for Service)
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With copies to:
DAVID C. MAHAFFEY SARAH E. COGAN
SULLIVAN & WORCESTER LLP SIMPSON THACHER & BARTLETT LLP
1666 K STREET, N.W. 425 LEXINGTON AVENUE
WASHINGTON, D.C. 20006 NEW YORK, NEW YORK 10017
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APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:
As soon as practicable after the effective date of this Registration Statement.
If any securities being registered on this form will be offered on a
delayed or continuous basis in reliance on Rule 415 under the Securities Act of
1933, other than securities offered in connection with a dividend reinvestment
plan, check the following box. [ ]
It is proposed that this filing will become effective (check appropriate
box)
[_] when declared effective pursuant to section 8(c).
[X] This form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act and the Securities Act
registration statement number of the earlier effective registration statement
for the offering is 333-112631.
CALCULATION OF REGISTRATION FEE UNDER THE SECURITIES ACT OF 1933
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TITLE OF SECURITIES AMOUNT BEING PROPOSED PROPOSED AMOUNT OF
BEING REGISTERED REGISTERED MAXIMUM OFFERING PRICE MAXIMUM REGISTRATION
PER SHARE (1) AGGREGATE FEE
OFFERING PRICE (1)
Common Shares (no par value)
............. 668,250 shares (2) $20.00 $13,365,000 $1693.35 (3)
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(1) Estimated solely for the purpose of computing the registration fee
pursuant to Rule 457.
(2) All of which may be purchased pursuant to an over-allotment option of
1,668,250 Shares granted by the Registrant to the Underwriters.
(3) Transmitted prior to this filing to the designated lockbox of the
Securities and Exchange Commission at Mellon Bank in Pittsburgh,
Pennsylvania.
EXPLANATORY NOTE AND INCORPORATION BY REFERENCE
This Registration Statement is being filed with respect to the registration
of additional shares of Common Shares, no par value, of Evergreen Utilities and
High Income Fund, a statutory trust organized under the laws of the State of
Delaware, pursuant to Rule 462(b) under the Securities Act of 1933, as amended.
The contents of the earlier effective Registration Statement (File Nos.
333-112631 and 811-21507) are incorporated in this Registration Statement by
reference.
Any required consents are listed on an Exhibit Index attached hereto and
filed herewith.
PART C -- OTHER INFORMATION
ITEM 24. FINANCIAL STATEMENTS AND EXHIBITS
(1) FINANCIAL STATEMENTS - Previously filed on the Registrant's
Registration Statement on Form N-2, Files Nos. 333-112631 and 811-21507.
(2) EXHIBITS
All references to the Registration Statement are to the Registrant's
Registration Statement on Form N-2 as filed with the Commission on February 9,
2004, Files Nos. 333-112631 and 811-21507 (the "Registration Statement").
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Exhibit No. Description of Exhibits
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(a)(1) Amended and Restated Certificate of Trust of Evergreen Utilities and
High Income Fund dated February 9, 2004 is incorporated by reference
to the Registration Statement.
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(a)(2) Amended and Restated Agreement and Declaration of Trust of Evergreen
Utilities and High Income Fund is incorporated by reference to the
Registration Statement.
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(b) Amended and Restated By-Laws are incorporated by reference to the
Registration Statement.
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(c) Not applicable.
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(d) Form of Share Certificate is incorporated by reference to
Pre-Effective Amendment No. 2 to the Registrant's Registration
Statement ("Pre-Effective Amendment No. 2").
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(e) Terms and Conditions of Automatic Dividend Reinvestment Plan are
incorporated by reference to Pre-Effective Amendment No. 1 to the
Registrant's Registration Statement ("Pre-Effective Amendment No. 1").
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(f) Not applicable.
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(g) Form of Investment Advisory and Management Agreement between
Registrant and Evergreen Investment Management Company, LLC is
incorporated by reference to Pre-Effective Amendment No. 1.
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(h)(1) Form of Underwriting Agreement is incorporated by reference to
Pre-Effective Amendment No. 2.
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(h)(2) Form of Master Selected Dealer Agreement is incorporated by reference
to Pre-Effective Amendment No. 2.
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(i) Deferred Compensation Plan is incorporated by reference to
Pre-Effective Amendment No. 2.
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(j) Form of Custodian Agreement by and between Registrant and State Street
Bank and Trust Company is incorporated by reference to Pre-Effective
Amendment No. 1.
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(k)(1) Form of Administrative Services Agreement between Registrant and
Evergreen Investment Services, Inc. is incorporated by reference to
Pre-Effective Amendment No. 1.
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(k)(2) Form of Transfer Agency and Service Agreement is incorporated by
reference to Pre-Effective Amendment No. 1.
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(l)(1) Consent of Sullivan & Worcester LLP is filed herein.
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(l) Consent of Richards, Layton & Finger, P.A. is filed herein.
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(m) Not applicable.
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(n) Consent of KPMG LLP is filed herein.
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(o) Not applicable.
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(p) Initial Stock Purchase Agreement is incorporated by reference to
Pre-Effective Amendment No. 2.
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(q) Not applicable.
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(r)(1) Code of Ethics for Evergreen Utilities and High Income Fund is
incorporated by reference to Pre-Effective Amendment No. 1.
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(r)(2) Code of Ethics for Evergreen Management Company, LLC is incorporated
by reference to Pre-Effective Amendment No. 1.
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(s)(1) Powers of Attorney are incorporated by reference to Pre-Effective
Amendment No. 1.
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(s)(2) Power of Attorney of Shirley L. Fulton is filed herein.
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ITEM 25. MARKETING ARRANGEMENTS
See Exhibit (h) of Item 24(2) of this Registration Statement.
ITEM 26. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
The following table sets forth the expenses to be incurred in connection
with the issuance and distribution of securities described in this Registration
Statement:
Registration fees $29,141
National Association of Securities Dealers, Inc. fee $30,500
American Stock Exchange listing fee $5,000
Printing (other than stock certificates) $50,000
Accounting fees and expenses $10,000
Legal fees and expenses $130,000
Underwriter expense reimbursement $73,667
Engraving and Printing Certificates $4,900
Miscellaneous $5,000
Marketing $131,792
Total $470,000
ITEM 27. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH REGISTRANT
None.
ITEM 28. NUMBER OF HOLDERS OF SECURITIES (as of April 15, 2004)
TITLE OF CLASS NUMBER OF RECORD HOLDERS
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Common Shares 1
ITEM 29. INDEMNIFICATION
Prior to its commencement of operations, Registrant will have obtained from
a major insurance carrier a trustees and officers liability policy covering
certain types of errors and omissions.
Provisions for the indemnification of the Registrant's Trustees and
officers are also contained in the Registrant's Amended and Restated Agreement
and Declaration of Trust.
The Investment Advisory and Management Agreement between the Registrant and
Evergreen Investment Management Company, LLC contains provisions for the
indemnification of the Registrant's Advisor.
The Underwriting Agreement contains provisions requiring indemnification of
the Registrant's underwriters by the Registrant.
The Administrative Services Agreement between Registrant and Evergreen
Investment Services, Inc. contains provisions for the indemnification of
Evergreen Investment Services, Inc., the Registrant's Administrator.
The Transfer Agency and Service Agreement with the Registrant's transfer
agent contains provisions for the indemnification of EquiServe Trust Company,
N.A., the Registrant's transfer agent.
ITEM 30. BUSINESS AND OTHER CONNECTIONS OF INVESTMENT ADVISOR
The Directors and principal executive officers of Wachovia Bank, N.A. are:
G. Kennedy Thompson Chairman, Wachovia Corporation and
Wachovia Bank, N.A., Chief Executive
Officer, President and Director, Wachovia
Corporation and Wachovia Bank, N.A.
Mark C. Treanor Executive Vice President, Secretary &
General Counsel, Wachovia Corporation;
Secretary and Executive Vice President,
Wachovia Bank, N.A.
Robert T. Atwood Executive Vice President and Chief Financial
Officer, Wachovia Corporation; Chief
Financial Officer and Executive Vice
President, Wachovia Bank, N.A.
All of the above persons are located at the following address: Wachovia
Bank, N.A., One Wachovia Center, Charlotte, NC 28288.
The information required by this item with respect to Evergreen Investment
Management Company, LLC is incorporated by reference to the Form ADV (File No.
801-8327) of Evergreen Investment Management Company, LLC.
ITEM 31. LOCATION OF ACCOUNTS AND RECORDS
All accounts and records required to be maintained by Section 31(a) of the
Investment Company Act of 1940 and the Rules 31a-1 through 31a-3 promulgated
thereunder are maintained at one of the following locations:
Evergreen Investment Services, Inc. and Evergreen Investment Management
Company, LLC, all located at 200 Berkeley Street, Boston, Massachusetts 02116.
Wachovia Bank, N.A., One Wachovia Center, 301 S. College Street, Charlotte,
North Carolina 28288.
State Street Bank and Trust Company, 2 Heritage Drive, North Quincy,
Massachusetts 02171.
EquiServe Trust Company, N.A., 150 Royall Street, Canton, Massachusetts,
02021.
ITEM 32. MANAGEMENT SERVICES
Not applicable.
ITEM 33. UNDERTAKINGS
(1) The Registrant undertakes to suspend the offering of its shares until it
amends its Prospectus if: (1) subsequent to the effective date of this
Registration Statement, the net asset value per share declines more than 10%
from its net asset value per share as of the effective date of the Registration
Statement; or (2) the net asset value increases to an amount greater than its
net proceeds as stated in the Prospectus.
(2) Not Applicable.
(3) Not Applicable.
(4) Not Applicable.
(5) Registrant hereby undertakes:
(a) that for purposes of determining any liability under the Securities Act
of 1933, the information omitted from the form of prospectus filed as part of
this Registration Statement in reliance upon Rule 430A and contained in a form
of prospectus filed by the Registrant pursuant to Rule 497(h) under the
Securities Act shall be deemed to be part of this Registration Statement as of
the time it was declared effective.
(b) that for the purpose of determining any liability under the Securities
Act of 1933, each post-effective amendment that contains a form of prospectus
shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.
(6) The Registrant hereby undertakes to send by first class mail or by other
means designed to ensure equally prompt delivery, within two business days of
receipt of a written or oral request, any Statement of Additional Information.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and
the Investment Company Act of 1940, as amended, the Registrant has duly caused
this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Boston, the Commonwealth of
Massachusetts on the 28th day of April, 2004.
EVERGREEN UTILITIES AND HIGH INCOME FUND
By: /s/ Dennis H. Ferro
Dennis H. Ferro
President
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed below by the following persons in
the capacities indicated on the 28th day of April, 2004.
/s/ Carol A. Kosel
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Carol A. Kosel
Treasurer
(Principal Financial and Accounting Officer)
/s/ Charles A. Austin, III /s/ K. Dun Gifford /s/ William Walt Pettit
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Charles A. Austin III* K. Dun Gifford* William Walt Pettit*
Trustee Trustee Trustee
/s/ Gerald M. McDonnell /s/ Russell A. Salton, III MD
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Gerald M. McDonnell* Russell A. Salton, III MD*
Trustee Trustee
/s/ Michael S. Scofield /s/ David M. Richardson /s/ Richard K. Wagoner
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Michael S. Scofield* David M. Richardson* Richard K. Wagoner*
Chairman of the Board Trustee Trustee
and Trustee
/s/ Leroy Keith, Jr. /s/ Richard J. Shima /s/ Shirley L. Fulton
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Leroy Keith, Jr.* Richard J. Shima* Shirley L. Fulton*
Trustee Trustee Trustee
*By: /s/ Catherine F. Kennedy
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Catherine F. Kennedy
Attorney-in-Fact
*Catherine F. Kennedy, by signing her name hereto, does hereby sign this
document on behalf of each of the above-named individuals pursuant to powers of
attorney duly executed by such persons.
EXHIBIT INDEX
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Exhibit No. Description of Exhibits
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(l)(1) Consent of Sullivan & Worcester LLP.
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(l)(2) Consent of Richards, Layton & Finger, P.A.
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(n) Consent of KPMG LLP.
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(s)(2) Power of Attorney of Shirley L. Fulton.
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