Three Delaware Investments Closed End Funds Announce Approval of New Investment Management Agreements
04 September 2009 - 3:04PM
PR Newswire (US)
PHILADELPHIA, Sept. 4 /PRNewswire-FirstCall/ -- Today, Delaware
Investments Dividend and Income Fund, Inc. (DDF), Delaware
Investments Global Dividend and Income Fund, Inc. (DGF), and
Delaware Enhanced Global Dividend and Income Fund (DEX)(together,
the "Funds") announced the approval of new investment management
agreements by the Funds' Boards of Trustees/Directors (the
"Board"). As noted in a press release on August 19, 2009, Lincoln
National Corporation announced that one of its subsidiaries signed
a stock purchase agreement to sell ownership of Delaware Management
Holdings, Inc. and its subsidiaries (also known by the marketing
name of Delaware Investments) including Delaware Management
Company, a series of Delaware Management Business Trust (the
"Manager"), to Macquarie Group, a global provider of banking,
financial, advisory, investment and funds management services. On
September 3, 2009, the Funds' Boards met to consider: (1) a new
investment management agreement between the Manager and the Funds;
and (2) the submission of a proposal to the Funds' shareholders to
approve the new investment management agreement. The Board approved
both of these proposals. Shareholders who own shares as of
September 18, 2009 will receive a proxy statement that describes
the proposal to approve the new investment management agreement in
more detail. Delaware Investments Global Dividend and Income Fund,
Inc. Delaware Investments Global Dividend and Income Fund, Inc. is
a diversified, closed-end fund that trades under the symbol "DGF"
on the New York Stock Exchange. The Fund's primary investment
objective is to seek to provide high current income. Capital
appreciation is a secondary objective of the Fund. There is no
assurance that the Fund will achieve its investment objectives.
Delaware Investments Dividend and Income Fund, Inc. Delaware
Investments Dividend and Income Fund, Inc. is a diversified,
closed-end fund that trades under the symbol "DDF" on the New York
Stock Exchange. The Fund's primary investment objective is to seek
to provide high current income. Capital appreciation is a secondary
objective of the Fund. There is no assurance that the Fund will
achieve its investment objectives. Delaware Enhanced Global
Dividend and Income Fund Delaware Enhanced Global Dividend and
Income Fund is a diversified, closed-end fund that trades under the
symbol "DEX" on the New York Stock Exchange. The Fund's primary
objective is to seek current income, with a secondary objective of
capital appreciation. There is no assurance that the Fund will
achieve its investment objectives. About Delaware Investments:
Delaware Investments, an affiliate of Lincoln Financial Group, is a
Philadelphia-based diversified asset management firm with more than
$120 billion in assets under management as of June 30, 2009.
Through a broad range of managed accounts and portfolios, mutual
funds, retirement accounts, sub-advised funds and other investment
products, Delaware Investments provides investment services to
individual investors and to institutional investors such as private
and public pension funds, foundations, and endowment funds.
Delaware Investments is the marketing name for Delaware Management
Holdings, Inc. and its subsidiaries. For more information on
Delaware Investments, visit the company at
http://www.delawareinvestments.com/ or for shareholder related
questions, call 800 523-1918. Lincoln Financial Group is the
marketing name for Lincoln National Corporation (NYSE:LNC) and its
affiliates. For more information on Lincoln Financial Group, visit
http://www.lincolnfinancial.com/. DATASOURCE: Delaware Investments
CONTACT: Ayele Ajavon, +1-215-255-1632, , or Laurel O'Brien,
+1-484-583-1735, , both of Media Relations of Delaware Investments
Web Site: http://www.delawareinvestments.com/
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