LNV Lincoln Natl Conv Secs FD

Lincoln National Convertible Securities Fund Announces Dismissal of Lawsuit PHILADELPHIA, Feb. 17 /PRNewswire-FirstCall/ -- The Board of Directors of Lincoln National Convertible Securities Fund, Inc. (NYSE:LNV) (the "Fund") today announced that it had received notice that the Circuit Court of Baltimore City (the "Circuit Court") had granted its unopposed motion to dismiss Daniels v. Lincoln National Convertible Securities Fund, Inc., et al. ("Daniels") as moot. The Daniels action was filed in January 2001 against the Fund and its directors and purported to have been brought on behalf of a class consisting of all of the Fund's shareholders. The complaint in Daniels asserted that it was illegal for the Fund to enforce an advance notice deadline for shareholder proposals in connection with the Fund's 2000 annual meeting that had been announced in the Fund's proxy statement for the prior year, and that the defendants had made false and misleading statements in the proxy materials disseminated by the Fund in connection with the 2000 shareholder meeting. The Circuit Court dismissed the Daniels complaint with prejudice in its entirety as moot. The Fund is a closed-end, diversified investment management company managed by Delaware Management Company. Delaware Management Company is a series of Delaware Management Business Trust, a wholly owned subsidiary of Lincoln National Corporation. The Fund's primary objective is to provide a high level of total return through a combination of capital appreciation and current income. As of February 15, 2005, the Fund had total assets of approximately $87.3 million. DATASOURCE: Delaware Investments CONTACT: Christina Ward, Corporate Communications, Delaware Investments, +1-215-255-1388; or Priscilla Brown, Investor Relations, Lincoln Financial Group, +1-215-448-1422 Web site: http://www.delawareinvestments.com/

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