Lincoln National Convertible Securities Fund Quarterly Dividend
02 April 2005 - 2:00AM
PR Newswire (US)
Lincoln National Convertible Securities Fund Quarterly Dividend
PHILADELPHIA, April 1 /PRNewswire-FirstCall/ -- The Board of
Directors of Lincoln National Convertible Securities Fund, Inc.
(NYSE:LNV) recently declared a quarterly dividend of 17 cents per
share. The dividend is payable on April 29, 2005 to shareholders of
record on April 15, 2005. Of the Fund's total quarterly dividend,
it is estimated that 8.5 cents per share represents ordinary income
and 8.5 cents per share represents a return of capital. The actual
determination of the source of the Fund's dividends can be made
only at year end. The Fund's SEC yield for the 30 days ended March
31, 2005 was 2.04% based on the market value of the Fund's common
stock on March 31, 2005. Lincoln National Convertible Securities
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. In April 2002, the Fund
implemented a managed distribution policy. Under the policy, the
Fund is managed with a goal of generating as much of the dividend
as possible from ordinary income (net investment income and short-
term capital gains). The balance of the dividend then comes from
long-term capital gains and, if necessary, a return of capital. 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 March 31, 2005, net assets under management were
approximately $85.3 million. DATASOURCE: Delaware Investments
CONTACT: Christina Ward, Corporate Communications of Delaware
Investments, +1-215-255-1388, , or Priscilla Brown, Investor
Relations of Lincoln Financial Group, +1-215-448-1422 Web site:
http://www.delawareinvestments.com/
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