Business Finance Project
Evergreen Investments; Evergreen Global Dividend Opportunity Fund Declares Monthly
Mar 27, 2010
. pg. 28
Wells Fargo and Co. seems to understand its position in the market and utilizes its strength well. Wells
Fargo & Company is an establishment that handles financial services with $1.2 trillion in assets.
Throughout North America and various other places around the world, it offers banking, insurance,
investments, mortgage and consumer finance in 11,000 stores. Also, it conducts business through
WellsFargo.com. Wells Fargo & Company carries out its investment management business though About
Evergreen Investments Evergreen Investments. This branch serves more than four million individuals and
investors through different products. Recently, the Evergreen Investments announced the dividend
declaration for Evergreen Global Dividend Opportunity Fund.
Evergreen Global Dividend Opportunity
Fund is a closed-end fund which invests in a varied portfolio of common stocks of U.S. and non-U.S.
companies. The objective of this Fund is to maximize their income, and the secondary objective is long-
term growth of capital. The dividends are to be paid out quarterly. The fund is not offered to the public
anymore. It is only offered through the secondary market with brokers/dealers. Evergreen Investments
manages more than $142.9 billion in assets.
Wells Fargo is definitely and if not should be on the radar of major banks and mortgage lenders. The
company has about 6,600 bank branches in some 40 states and over 4,000 mortgage and consumer
finance offices all over the nation. Thus, is one of the largest banks in the United States, and has the
largest mortgage services.
Wells Fargo owns one of the world’s largest insurance brokerage firms, Wells
Fargo Insurance Services, and also plays an influential role in mutual funds and online brokerage
services. Wells Fargo is constantly scanning to remain successful in this troubled economy. At the end of
2008, Wells Fargo acquired Wachovia because of its troubled mortgages threatened to bring the bank
billions of dollars of losses. This acquisition allowed the company to double in size. However, Wachovia
is allowed to keep its identity.
Wells Fargo is creating a merger that should be completed sometime this
year with Wells Fargo’s Advantage Fund with Wachovia’s Evergreen Investments. As a result, this will
form a $250 billion firm. It has already combined its asset- based lending companies with the company’s
Capital Finance department. This includes Wachovia Capital Finance, Wells Fargo Business Credit,
Wells Fargo Foothill, and Wells Fargo Trade Capital. As a whole, this merger serves more than 2,300