Delaware Enhanced Global Dividend and Income Fund Announces Distributions
07 Januar 2022 - 10:55PM
Business Wire
Today, Delaware Enhanced Global Dividend and Income Fund (the
“Fund”), a New York Stock Exchange–listed closed-end fund trading
under the symbol “DEX,” declared a monthly distribution of $0.0644
per share. The monthly distribution is payable January 28, 2022, to
shareholders of record at the close of business on January 21,
2022. The ex-dividend date will be January 20, 2022.
The Fund's primary investment objective is to seek current
income, with a secondary objective of capital appreciation. The
Fund invests globally in dividend-paying or income-generating
securities across multiple asset classes, including but not limited
to: equity securities of large, well-established companies;
securities issued by real estate companies (including real estate
investment trusts and real estate industry operating companies);
debt securities (such as government bonds; investment grade and
high risk, high yield corporate bonds; and convertible bonds); and
emerging market securities. The Fund also uses enhanced income
strategies by engaging in dividend capture trading; option
overwriting; and realization of gains on the sale of securities,
dividend growth, and currency forwards. There is no assurance that
the Fund will achieve its investment objectives.
Under normal market conditions, the Fund will invest: (1) at
most 60% of its net assets in securities of U.S. issuers; (2) at
least 40% of its net assets in securities of non-U.S. issuers,
unless market conditions are not deemed favorable by the Manager,
in which case, the Fund would invest at least 30% of its net assets
in securities of non-U.S. issuers; and (3) up to 25% of its net
assets in securities issued by real estate companies (including
real estate investment trusts and real estate industry operating
companies). In addition, the Fund utilizes leveraging techniques in
an attempt to obtain higher return for the Fund.
The Fund has implemented a managed distribution policy. Under
the policy, the Fund is managed with a goal of generating as much
of the distribution as possible from net investment income and
short-term capital gains. The balance of the distribution will then
come from long-term capital gains to the extent permitted, and if
necessary, a return of capital. A return of capital may occur for
example, when some or all of the money that you invested in the
Fund is paid back to you. A return of capital distribution does not
necessarily reflect the Fund’s investment performance and should
not be confused with ‘yield’ or ‘income’. Even though the Fund may
realize current year capital gains, such gains may be offset, in
whole or in part, by the Fund’s capital loss carryovers from prior
years.
Under the Fund’s managed distribution policy, the Fund makes
monthly distributions to common shareholders at a targeted annual
distribution rate of 7.0% of the Fund’s average NAV per share. The
Fund will calculate the average NAV per share from the previous
three full months immediately prior to the distribution based on
the number of business days in those three months on which the NAV
is calculated. The distribution will be calculated as 7.0% of the
prior three month’s average NAV per share, divided by 12. The Fund
will generally distribute amounts necessary to satisfy the Fund’s
managed distribution policy and the requirements prescribed by
excise tax rules and Subchapter M of the Internal Revenue Code.
This distribution methodology is intended to provide shareholders
with a consistent, but not guaranteed, income stream and a targeted
annual distribution rate and is intended to narrow any discount
between the market price and the NAV of the Fund’s common shares,
but there is no assurance that the policy will be successful in
doing so. The methodology for determining monthly distributions
under the Fund’s managed distribution policy will be reviewed at
least annually by the Fund’s Board of Trustees, and the Fund will
continue to evaluate its distribution in light of ongoing market
conditions.
You should not draw any conclusions about the Fund's investment
performance from the amount of this distribution or from the terms
of the Fund's managed distribution policy. The amounts and sources
of the Fund’s distributions to be reported will be estimates and
will not be provided for tax reporting purposes. The actual amounts
and sources of the amounts for tax reporting purposes will depend
upon the Fund's investment experience during the remainder of its
fiscal year and may be subject to changes based on tax regulations.
The Fund will send you a Form 1099-DIV for the calendar year that
will tell you how to report these distributions for federal income
tax purposes.
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager that aims
to deliver positive impact for everyone. Trusted by institutions,
pension funds, governments, and individuals to manage more than
$US531 billion in assets globally1, we provide access to specialist
investment expertise across a range of capabilities including fixed
income, equities, multi-asset solutions, private credit,
infrastructure, renewables, natural assets, real estate, and
transportation finance.
Advisory services are provided by Macquarie Investment
Management Business Trust, a registered investment advisor.
Macquarie Asset Management is part of Macquarie Group, a
diversified financial group providing clients with asset
management, finance, banking, advisory and risk and capital
solutions across debt, equity, and commodities. Founded in 1969,
Macquarie Group employs approximately 16,400 people in 31 markets
and is listed on the Australian Securities Exchange. For more
information about Delaware Funds by Macquarie®, visit
delawarefunds.com or call 800 523-1918.
Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie
Bank”), any Macquarie Group entity noted in this material is not an
authorised deposit-taking institution for the purposes of the
Banking Act 1959 (Commonwealth of Australia). The obligations of
these other Macquarie Group entities do not represent deposits or
other liabilities of Macquarie Bank. Macquarie Bank does not
guarantee or otherwise provide assurance in respect of the
obligations of these other Macquarie Group entities. In addition,
if this document relates to an investment, (a) the investor is
subject to investment risk including possible delays in repayment
and loss of income and principal invested and (b) none of Macquarie
Bank or any other Macquarie Group entity guarantees any particular
rate of return on or the performance of the investment, nor do they
guarantee repayment of capital in respect of the investment.
1 As at 30 September 2021
© 2022 Macquarie Management Holdings, Inc.
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Media contacts Sarah Stein 212 231-0323
Sarah.Stein@macquarie.com Lee Lubarsky 347 302-3000
Lee.Lubarsky@macquarie.com
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