Delaware Ivy High Income Opportunities Fund Announces Distribution
01 März 2022 - 11:33PM
Business Wire
Today, Delaware Ivy High Income Opportunities Fund (the “Fund”),
a New York Stock Exchange– listed closed-end fund trading under the
symbol “IVH,” declared a monthly distribution of $0.074 per common
share. The monthly distribution is payable March 31, 2022, to
shareholders of record at the close of business on March 17, 2022.
The ex-dividend date will be March 16, 2022.
The distribution is expected to be paid from net investment
income (regular interest and dividends). The final tax status of
the distribution may differ substantially from this preliminary
information, which is based on estimates, and the final
determination of such amount will be made in early 2023 when the
Fund can determine its earnings and profits for the 2022 fiscal
year.
The Fund’s investment objective is to seek to provide total
return through a combination of a high level of current income and
capital appreciation. The Fund seeks to achieve its investment
objective by investing primarily in a portfolio of high yield
corporate bonds of varying maturities and other fixed income
instruments of predominantly corporate issuers, including first-
and second-lien secured loans. In addition, the Fund utilizes
leveraging techniques in an attempt to obtain a higher return for
the Fund. There can be no assurance that the Fund will achieve its
investment objective.
Under normal circumstances, the Fund will invest at least 80% of
its Managed Assets (as defined below) in a portfolio of U.S. and
foreign bonds, loans and other fixed income instruments, as well as
other investments (including derivatives) with similar economic
characteristics. The Fund will invest primarily in instruments that
are, at the time of purchase, rated below investment grade (below
Baa3 by Moody’s Investors Service, Inc. (“Moody’s”) or below BBB-
by either Standard & Poor’s Rating Services (“S&P”) or
Fitch, Inc. (“Fitch”), or comparably rated by another nationally
recognized statistical rating organization (“NRSRO”)), or unrated
but judged by the Adviser, to be of comparable quality. “Managed
Assets” means the Fund’s total assets, including the assets
attributable to the proceeds from any borrowings or other forms of
structural leverage minus liabilities other than the aggregate
indebtedness entered into for purposes of leverage. The Fund may
invest an unlimited amount of its assets in foreign securities, and
up to 25% of its Managed Assets in fixed income instruments and
securities of issuers in emerging markets. Such foreign instruments
may be U.S. currency denominated or foreign currency denominated.
The Fund’s investments in fixed income instruments also may
include, to a lesser extent, debentures, notes, commercial paper,
investment grade bonds, loans other than secured loans, including
unsecured loans and mezzanine loans, and other similar types of
debt instruments, as well as derivatives related to or referencing
these types of securities and instruments. The Fund will not invest
in collateralized loan obligations or collateralized debt
obligations. The Fund will seek to dynamically adjust and hedge its
duration depending on the market opportunities available. Under
normal circumstances, the dollar-weighted average portfolio
duration of the Fund will generally range between zero and seven
years.
The Fund is a non-diversified, closed-end management investment
company. The price of the Fund’s shares will fluctuate with market
conditions and other factors. Closed-end funds frequently trade at
a discount from their net asset values (NAVs), which may increase
an investor’s risk of loss. At the time of sale, shares may have a
market price that is below NAV and may be worth less than the
original investment upon their sale.
The Fund’s investments in below investment grade securities
(commonly referred to as “high yield securities” or “junk bonds”)
may carry a greater risk of nonpayment of interest or principal
than higher rated bonds. Loans (including loan assignments, loan
participations and other loan instruments) carry other risks,
including the risk of insolvency of the lending bank or other
intermediary. Loans may be unsecured or not fully collateralized,
may be subject to restrictions on resale and sometimes trade
infrequently on the secondary market.
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
$US545 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. Investment
policies, management fees, risks other than those mentioned above,
and other matters of interest to prospective investors may be found
in the closed-end fund prospectus used in its initial public
offering. For additional information, contact the Delaware Ivy
Funds Sales Desk at 1-877-693-3546.
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 entities. In addition, if this
document relates to an investment (a) each 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 company 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 31 December 2021
© 2022 Macquarie Management Holdings, Inc.
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Investors Computershare 866 437-0252
delawarefunds.com/closed-end
Media Lee Lubarsky 347 302-3000
Lee.Lubarsky@macquarie.com
Sarah Stein 212 231-0323 Sarah.Stein@macquarie.com
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