1933 Act No. 333-36033
1940 Act No. 811-08367
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [ ]
Pre-Effective Amendment No. [ ]
Post-Effective Amendment No. 6 [X]
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ]
Amendment No. 7 [X]
EVERGREEN MUNICIPAL TRUST
(Exact Name of Registrant as Specified in Charter)
200 Berkeley Street, Boston, Massachusetts 02116-5034
(Address of Principal Executive Offices)
(617) 210-3200
(Registrant's Telephone Number)
The Corporation Trust Company
1209 Orange Street
Wilmington, Delaware 19801
(Name and Address of Agent for Service)
It is proposed that this filing will become effective:
[X] immediately upon filing pursuant to paragraph (b)
[ ] on (date) pursuant to paragraph (b)
[ ] 60 days after filing pursuant to paragraph (a)(i)
[ ] on (date) pursuant to paragraph (a)(i)
[ ] 75 days after filing pursuant to paragraph (a)(ii)
[ ] on (date) pursuant to paragraph (a)(ii) of Rule 485
If appropriate, check the following box:
[ ] this post-effective amendment designates a new effective date for a
previously filed post-effective amendment
[ ] 60 days after filing pursuant to paragraph (a)(i)
[ ] on (date) pursuant to paragraph (a)(i)
<PAGE>
EVERGREEN MUNICIPAL TRUST
CONTENTS OF
POST-EFFECTIVE AMENDMENT NO. 6
to
REGISTRATION STATEMENT
This Post-Effective Amendment No. 6 to Registrant's Registration Statement
No. 333-36033/811-08367 consists of the following pages, items of information
and documents:
The Facing Sheet
The Contents Page
The Cross-Reference Sheet
PART A
------
Prospectuses for Evergreen Florida High Income Municipal Bond Fund, Evergreen
Florida Municipal Bond Fund, Evergreen Georgia Municipal Bond Fund, Evergreen
North Carolina Municipal Bond Fund, Evergreen South Carolina Municipal Bond
Fund, and Evergreen Virginia Municipal Bond Fund contained in Post-Effective
Amendment No. 5 to Registration Statement No. 333-36033/811-08367 filed on
February 6, 1998 is incorporated by reference herein.
Prospectuses for Evergreen Californa Tax Free Fund, Evergreen Massachusetts Tax
Free Fund, Evergreen Missouri Tax Free Fund, Evergreen New York Tax Free Fund,
Evergreen Pennsylvania Tax Free Fund, Evergreen High Grade Tax Free Fund, and
Evergreen Short-Intermediate Municipal Fund contained in Post-Effective
Amendment No. 2 to Registration Statement No. 333-36033/811-08367 filed on
December 18, 1997 is incorporated by reference herein.
Prospectuses for Evergreen Connecticut Municipal Bond Fund and Evergreen Tax
Free Fund contained in Pre-Effective Amendment No. 2 to Registration Statement
No. 333-36033/811-08367 filed on November 10, 1997 is
incorporated by reference herein.
PART B
------
Statement of Additional Information Evergreen Florida High Income Municipal
Bond Fund, Evergreen Florida Municipal Bond Fund, Evergreen Georgia Municipal
Bond Fund, Evergreen North Carolina Municipal Bond Fund, Evergreen South
Carolina Municipal Bond Fund, and Evergreen Virginia Municipal Bond Fund
contained in Post-Effective Amendment No. 5 to Registration Statement
No. 333-36033/811-08367 filed on February 6, 1998 is incorporated by reference
herein.is contained herein.
Statement of Additional Information for Evergreen Californa Tax Free Fund,
Evergreen Massachusetts Tax Free Fund, Evergreen Missouri Tax Free Fund,
Evergreen New York Tax Free Fund, Evergreen Pennsylvania Tax Free Fund,
Evergreen High Grade Tax Free Fund, and Evergreen Short-Intermediate Municipal
Fund contained in Post-Effective Amendment No. 2 to Registration Statement
No. 333-36033/811--8367 filed on December 18, 1997 is incorporated by reference
herein.
Statement of Additional Information for Evergreen Connecticut Municipal Bond
Fund and Evergreen Tax Free Fund contained in Pre-Effective Amendment No. 2 to
Registration Statement No. 333-36033/811--8367 filed on November 10, 1997 is
incorporated by reference herein.
PART C
------
Financial Statements
Exhibits
Number of Holders of Securities
Indemnification
Business and Other Connections of Investment Adviser
Principal Underwriter
Location of Accounts and Records
Undertakings
Signatures
<PAGE>
EVERGREEN MUNICIPAL TRUST
CROSS REFERENCE SHEET
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<CAPTION>
N-1A Item No. Location in Prospectus(es)
<S> <C>
Part A
Item 1. Cover Page Cover Page
Item 2. Synopsis Expense Information
Item 3. Condensed Financial Information Financial Highlights
Item 4. General Description of Registrant Cover Page; Description of the Funds; Investment Objectives and Policies;
Investment Practices and Restrictions; Organization and Service Providers
Item 5. Management of the Fund Organization and Service Providers; Expense Information
Item 5A. Management's Discussion of Fund Not Applicable
Performance
Item 6. Capital Stock and Other Securities Description of the Funds; Organization; Purchase and Redemption of Shares;
Other Information
Item 7. Purchase of Securities Being Offered Organization and Service providers; Purchase and Redemption of Shares
Item 8. Redemption or Repurchase Purchase and Redemption of Shares
Item 9. Pending Legal Proceedings Not Applicable
Location in Statement of
Part B Additional Information
Item 10. Cover Page Cover Page
Item 11. Table of Contents Table of Contents
Item 12. General Information and History Not Applicable
Item 13. Investment Objectives and Policies Investment Policies; Appendix
Item 14. Management of the Fund Management of the Trust
Item 15. Control Persons and Principal Control Persons and Principal Holders of Securities
Holders of Securities
Item 16. Investment Advisory and Other Investment Advisory and Other Services
Services
Item 17. Brokerage Allocation and Other Brokerage Allocation and Other Services
Practices
Item 18. Capital Stock and Other Securities Organization
Item 19. Purchase, Redemption and Pricing of Purchase, Redemption and Pricing of Securities Being Offered
Securities Being Offered
Item 20. Tax Status Additional Tax Information
Item 21. Underwriters Principal Underwriter
Item 22. Calculation of Performance Data Calculation of Performance Data
Item 23. Financial Statements Financial Statements
</TABLE>
Part C
Information required to be included in Part C is set forth under the
appropriate item, so numbered, in Part C to this Registration Statement.
<PAGE>
SUPPLEMENT TO THE PROSPECTUS OF
EVERGREEN NEW YORK TAX FREE FUND (THE "FUND")
The prospectus of the Fund is hereby supplemented as follows:
Effective April 1, 1998, the Fund will add a new class of shares designated
as Class Y.
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EXPENSE INFORMATION
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The table and examples below are designed to help you understand the
various expenses that you will bear, directly or indirectly, when you invest in
Class Y shares of the Fund. Shareholder transaction expenses are fees paid
directly from your account when you buy or sell shares of a Fund.
SHAREHOLDER TRANSACTION EXPENSES
Sales Charge Imposed on Purchases None
Sales Charge on Dividend Reinvestments None
Contingent Deferred Sales Charge None
Annual operating expenses reflect the normal operating expenses of the
Fund, and include costs such as management and other fees. The table below shows
the Fund's estimated annual operating expenses for the fiscal year ending March
31, 1999. The example shows what you would pay if you invested $1,000 over the
periods indicated, assuming that you reinvest all of your dividends and that the
Fund's average annual return will be 5%. The example is for illustration
purposes only and should not be considered a representation of past or future
expenses or annual return. The Fund's actual expenses and returns may vary.
Annual Operating Example
Expenses(1) Class Y
Management Fees .55% After 1 Year $ 6
12b-1 Fees None After 3 Years $ 19
Other Expenses .05% After 5 Years $ 33
Total .60% After 10 Years $ 75
(1) The estimated annual operating expenses and examples reflect fee waivers and
reimbursements for the Fund's Class Y shares for the fiscal year ending
March 31, 1999. Actual expenses for Class Y shares for the Fund for the same
period are estimated to be .85%. Total Fund Operating Expenses include
indirectly paid expenses.
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PURCHASE AND REDEMPTION OF SHARES
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HOW TO BUY SHARES
Class Y shares are offered at net asset value without a front-end sales
charge or a contingent deferred sales load. Class Y shares are only offered to
(1) persons who at or prior to December 31, 1994 owned shares in a mutual fund
advised by Evergreen Asset Management Corp. ("Evergreen Asset"), (2) certain
institutional investors and (3) investment advisory clients of FUNB, Evergreen
Asset, Keystone or their affiliates.
Eligible investors may purchase Class Y shares of the Fund through
broker-dealers, banks or other financial intermediaries, or directly through
EDI. In addition, you may purchase Class Y shares of a Fund by mailing to the
Fund, c/o ESC, P.O. Box 2121, Boston, Massachusetts 02106-2121, a completed
application and a check payable to the Fund. You may also telephone
1-800-343-2898 to obtain the number of an account to which you can wire or
electronically transfer funds and then send in a completed application. The
minimum initial investment is $1,000, which may be waived in certain situations.
Subsequent investments in any amount may be made by check, by wiring federal
funds, by direct deposit or by an electronic funds transfer.
There is no minimum amount for subsequent investments. Investments of $25
or more are allowed under the Systematic Investment Plan. See the application
for more information.
For more complete information on "How to Buy Shares", please refer to the
prospectus.
HOW TO REDEEM SHARES
You may redeem (i.e., sell) your Class Y shares in a Fund to the Fund for
cash at the net redemption value on any day the Exchange is open, either
directly by writing to the Fund, c/o ESC, or through your financial
intermediary. The amount you will receive is the net asset value adjusted for
fractions of a cent next calculated after the Fund receives your request in
proper form. Proceeds generally will be sent to you within seven days. However,
for shares recently purchased by check, the Fund will not send proceeds until it
is reasonably satisfied that the check has been collected (which may take up to
15 days). Once a redemption request has been telephoned or mailed, it is
irrevocable and may not be modified or canceled.
For more complete information on "How to Redeem Shares", please refer to
the prospectus.
EXCHANGE PRIVILEGE
How to Exchange Shares. You may exchange some or all of your Class Y shares for
shares of the same class in the other Evergreen funds through your financial
intermediary, by calling or writing to ESC or by using the Evergreen Express
Line as described above. Once an exchange request has been telephoned or mailed,
it is irrevocable and may not be modified or canceled. Exchanges will be made on
the basis of the relative net asset values of the shares exchanged next
determined after an exchange request is received. An exchange which represents
an initial investment in another Evergreen fund is subject to the minimum
investment and suitability requirements of the Fund.
Each of the Evergreen funds has different investment objectives and
policies. For complete information, a prospectus of the fund into which an
exchange will be made should be read prior to the exchange. An exchange order
must comply with the requirement for a redemption or repurchase order and must
specify the dollar value or number of shares to be exchanged. An exchange is
treated for federal income tax purposes as a redemption and purchase of shares
and may result in the realization of a capital gain or loss. Shareholders are
limited to five exchanges per calendar year, with a maximum of three per
calendar quarter. This exchange privilege may be modified or discontinued at any
time by the Fund upon 60 days' notice to shareholders and is only available in
states in which shares of the fund being acquired may lawfully be sold.
For more complete information on "Exchange Privilege", please refer to the
prospectus.
April 1, 1998
<PAGE>
EVERGREEN MUNICIPAL TRUST
PART C
OTHER INFORMATION
Item 24. Financial Statements and Exhibits
Item 24(a). Financial Statements
The financial statements listed below are included in Part A of this
Amendment to the Registration Statement:
EVERGREEN NEW YORK TAX FREE FUND
Class A Financial Highlights For each of the years in the
three-year period ended
March 31, 1997; and for the
period from February 4, 1994
(Commencement of Operations)
to March 31, 1994
Class B Financial Highlights For each of the years in the
three-year period ended
March 31, 1997; and for the
period from February 4, 1994
(Commencement of Operations)
to March 31, 1994
Class C Financial Highlights For each of the years in the
three-year period ended
March 31, 1997; and for the
period from February 4, 1994
(Commencement of Operations)
to March 31, 1994
The financial statements listed below are included in Part B of this
Amendment to the Registration Statement:
Schedule of Investments March 31, 1997
Statements of Assets and Liabilities March 31, 1997
Statements of Operations Year ended March 31, 1997
Statements of Changes in Net Assets For each of the years in the
two-year period ended
March 31, 1997
Notes to Financial Statements
Independent Auditors' Report May 2, 1997
The information required by this item for Evergreen Florida High Income
Municipal Bond Fund, Evergreen Florida Municipal Bond Fund, Evergreen Georgia
Municipal Bond Fund, Evergreen Maryland Municipal Bond Fund, Evergreen North
Carolina Municipal Bond Fund, Evergreen South Carolina Municipal Bond Fund, and
Evergreen Virginia Municipal Bond Fund contained in Post-Effective Amendment No.
5 to Registration Statement No. 333-36033/811-08367 filed on February 6, 1998 is
incorporated by reference herein.
The information required by this item for Evergreen Californa Tax Free
Fund, Evergreen Massachusetts Tax Free Fund, Evergreen Missouri Tax Free Fund,
Evergreen New York Tax Free Fund, Evergreen Pennsylvania Tax Free Fund,
Evergreen High Grade Tax Free Fund, and Evergreen Short-Intermediate Municipal
Fund contained in Post-Effective No. 2 to Registration Statement No.
333-36033/811-08367 filed on December 18, 1997 is incorporated by reference
herein.
Item 24(b). Exhibits
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Exhibit
Number Description Location
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1 Declaration of Trust Incorporated by reference to
Registrant's Pre-Effective Amendemnt No. 1
Filed on October 8, 1997
2 By-laws Incorporated by reference to
Registrant's Pre-Effective Amendemnt No. 1
Filed on October 8, 1997
3 Not applicable
4 Provisions of instruments defining the rights
of holders of the securities being registered
are contained in the Declaration of Trust
Articles II, III.(6)(c), VI.(3), IV.(8), V, VI,
VII, VIII and By-laws Articles II, III and VIII
included as part of Exhibits 1 and 2 of this
Registration Statement
5(a) Form of Investment Advisory and Management Incorporated by reference to
Agreement between the Registrant and First Registrant's Post-Effective Amendemnt No. 1
Union National Bank Filed on December 12, 1997
5(b) Form of Investment Advisory and Management Incorporated by reference to
Agreement between the Registrant and Evergreen Registrant's Post-Effective Amendemnt No. 1
Asset Management Corp. Filed on December 12, 1997
5(c) Form of Investment Advisory and Management Incorporated by reference to
Agreement between the Registrant and Keystone Registrant's Post-Effective Amendemnt No. 1
Investment Management Company Filed on December 12, 1997
6(a) Form of Class A and Class C Principal Underwriting Incorporated by reference to
Agreement between the Registrant and Evergreen Registrant's Pre-Effective Amendemnt No. 2
Distributor, Inc. Filed on November 10, 1997
6(b) Form of Class B Principal Underwriting Agreement Incorporated by reference to
between the Registrant and Evergreen Investment Registrant's Pre-Effective Amendemnt No. 2
Services, Inc. (B-1) Filed on November 10, 1997
6(c) Form of Class B Principal Underwriting Agreement Incorporated by reference to
between the Registrant and Evergreen Distributor, Registrant's Pre-Effective Amendemnt No. 2
Inc. (B-2) Filed on November 10, 1997
6(d) Form of Class B Principal Underwriting Agreement Incorporated by reference to
between the Registrant and Evergreen Distributor, Registrant's Pre-Effective Amendemnt No. 2
Inc. (Evergreen/KCF) Filed on November 10, 1997
6(e) Form of Class Y Principal Underwriting Agreement Incorporated by reference to
between the Registrant and Evergreen Distributor, Registrant's Pre-Effective Amendemnt No. 2
Inc. Filed on November 10, 1997
6(f) Form of Principal Underwriting Agreement between Incorporated by reference to
the Registrant and Kokusai Securities Company Registrant's Pre-Effective Amendemnt No. 2
Limited Filed on November 10, 1997
6(g) Form of Dealer Agreement used by Evergreen Incorporated by reference to
Distributor, Inc. Registrant's Pre-Effective Amendment No. 2
Filed on November 10, 1997
7 Form of Deferred Compensation Plan Incorporated by reference to
Registrant's Pre-Effective Amendemnt No. 2
Filed on November 10, 1997
8 Form of Custodian Agreement between the Registrant Incoporated by reference to
and State Street Bank and Trust Company Registrant's Pre-Effective Amendemnt No. 2
Filed on November 10, 1997
9(a) Form of Administration Agreement between Evergreen Incoporated by reference to
Investment Services, Inc. and the Registrant Registrant's Pre-Effective Amendemnt No. 2
Filed on November 10, 1997
9(b) Form of Transfer Agent Agreement between the Incoporated by reference to
Registrant and Evergreen Service Company Registrant's Pre-Effective Amendemnt No. 2
Filed on November 10, 1997
10 Opinion and Consent of Sullivan & Worcester LLP Incorporated by reference to
Registrant's Post-Effective Amendment No. 2
Filed on December 12, 1997
11(a) Consent of Price Waterhouse LLP Not applicable to this filing
11(b) Consent of KPMG Peat Marwick LLP
11(c) Consent of Deloitte and Touche LLP Not applicable to this filing
12 Not applicable
13 Not applicable
15(a) Form of 12b-1 Distribution Plan for Class A Incoporated by reference to
Registrant's Pre-Effective Amendemnt No. 2
Filed on November 10, 1997
15(b) Form of 12b-1 Distribution Plan for Class B Incoporated by reference to
(KAF B-1) Registrant's Pre-Effective Amendemnt No. 2
Filed on November 10, 1997
15(c) Form of 12b-1 Distribution Plan for Class B Incoporated by reference to
(KAF B-2) Registrant's Pre-Effective Amendemnt No. 2
Filed on November 10, 1997
15(d) Form of 12b-1 Distribution Plan for Class B Incoporated by reference to
(KCF/Evergreen) Registrant's Pre-Effective Amendemnt No. 2
Filed on November 10, 1997
15(e) Form of 12b-1 Distribution Plan for Class C Incoporated by reference to
Registrant's Pre-Effective Amendemnt No. 2
Filed on November 10, 1997
16 Performance Calculations Not applicable to this filing
17 Financial Data Schedule Not applicable to this filing
18 Multiple Class Plan Incoporated by reference to
Registrant's Pre-Effective Amendemnt No. 2
Filed on November 10, 1997
19 Powers of Attorney Incoporated by reference to
Registrant's Registration Statement
Filed on September 19, 1997
</TABLE>
Item 25. Persons Controlled by or Under Common Control with Registrant.
None
Item 26. Number of Holders of Securities (as of February 28, 1998)
Evergreen New York Tax Free Fund
Class A 96
Class B 424
Class C 39
Class Y 0
Item 27. Indemnification.
Provisions for the indemnification of the Registrant's Trustees and
officers are contained the Registrant's Declaration of Trust.
Provisions for the indemnification of Registrant's Investment Advisors are
contained in their Investment Advisory and Management Agreements.
Provisions for the indemnification of Evergreen Distributor, Inc., the
Registrant's principal underwriter, are contained in each Principal Underwriting
Agreement between Evergreen Distributor, Inc. and the Registrant.
Item 28. Business or Other Connections of Investment Adviser.
The Directors and principal executive officers of First Union National Bank
are:
Edward E. Crutchfield, Jr. Chairman and Chief Executive Officer,
First Union Corporation; Chief Executive
Officer and Chairman, First Union National
Bank
John R. Georgius President, First Union Corporation; Vice
Chairman and President, First Union National
Bank
Marion A. Cowell, Jr. Executive Vice President, Secretary &
General Counsel, First Union Corporation;
Secretary and Executive Vice President,
First Union National Bank
Robert T. Atwood Executive Vice President and Chief Financial
Officer, First Union Corporation; Chief
Financial Officer and Executive Vice
President
All of the above persons are located at the following address: First Union
National Bank, One First Union Center, Charlotte, NC 28288.
The information required by this item with respect to Evergreen Asset
Management Corp. is incorporated by reference to the Form ADV (File No.
801-46522) of Evergreen Asset Management Corp.
The information required by this item with respect to Keystone Investment
Management Company is incorporated by reference to the Form ADV (File No.
801-8327) of Keystone Investment Management Company.
Item 29. Principal Underwriters.
The Directors and principal executive officers of Evergreen Distributor,
Inc. are:
Lynn C. Mangum Director, Chairman and Chief Executive
Officer
Robert J. McMullan Director, Executive Vice President and
Treasurer
J. David Huber President
Kevin J. Dell Vice President, General Counsel and Secretary
All of the above persons are located at the following address: Evergreen
Distributor, Inc., 125 West 55th Street, New York, New York 10019.
Evergreen Distributor, Inc. acts as principal underwriter for each
registered investment company or series thereof that is a part of the Evergreen
Keystone "fund complex" as such term is defined in Item 22(a) of Schedule 14A
under the Securities Exchange Act of 1934.
Item 30. 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., Evergreen Service Company and Keystone
Investment Management Company, all located at 200 Berkeley Street, Boston,
Massachusetts 02110
First Union National Bank, One First Union Center, 301 S. College Street,
Charlotte, North Carolina 28288
Evergreen Asset Management Corp., 2500 Westchester Avenue, Purchase,
New York 10577
Iron Mountain, 3431 Sharp Slot Road, Swansea, Massachusetts 02777
State Street Bank and Trust Company, 2 Heritage Drive, North Quincy,
Massachusetts 02171
Item 31. Management Services.
Not Applicable
Item 32. Undertakings.
The Registrant hereby undertakes to furnish each person to whom a
prospectus is delivered with a copy of the Registrant's latest annual
report to shareholders, upon request and without charge.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940 the Registrant has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereto duly
authorized, in the City of Columbus, and State of Ohio, on the 1st day of
April, 1998.
EVERGREEN MUNICIPAL TRUST
By: /s/ William J. Tomko
-----------------------------
Name: William J. Tomko
Title: President
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities indicated on the 1st day of April, 1998.
<TABLE>
<CAPTION>
<S> <C> <C>
/s/William J. Tomko /s/ Laurence B. Ashkin /s/ Charles A. Austin, III
- ------------------------- ----------------------------- --------------------------------
William J. Tomko Laurence B. Ashkin* Charles A. Austin III*
President and Treasurer (Principal Trustee Trustee
Financial and Accounting Officer)
/s/ K. Dun Gifford /s/ James S. Howell /s/ William Walt Pettit
- ---------------------------- ---------------------------- --------------------------------
K. Dun Gifford* James S. Howell* William Walt Pettit*
Trustee Trustee Trustee
/s/Gerald M. McDonnell /s/ Thomas L. McVerry /s/ Michael S. Scofield
- ------------------------------- ----------------------------- --------------------------------
Gerald M. McDonell* Thomas L. McVerry* Michael S. Scofield*
Trustee Trustee Trustee
/s/ David M. Richardson /s/ Russell A. Salton, III MD
- ------------------------------ -------------------------------
David M. Richardson* Russell A. Salton, III MD*
Trustee Trustee
/s/ Richard J. Shima
- ------------------------------
Richard J. Shima*
Trustee
</TABLE>
*By: /s/ Maureen E. Towle
- -------------------------------
Maureen E. Towle
Attorney-in-Fact
*Maureen E. Towle, by signing his 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.
<PAGE>
INDEX TO EXHIBITS
Exhibit Number Exhibit
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11(b) Consent of KPMG Peat Marwick LLP
CONSENT OF INDEPENDENT AUDITORS
The Trustees and Shareholders
Evergreen Municipal Trust
We consent to the use of our report dated May , 1997 incorporated by
reference herein and to the references to our firm under the caption "Financial
Highlights" in the prospectuses.
/s/ KPMG Peat Marwick LLP
KPMG Peat Marwick LLP
Boston, Massachusetts
April 1, 1998
