LNV Lincoln Natl Conv Secs FD

Lincoln National Convertible Securities Fund Declares Quarterly Dividend PHILADELPHIA, April 6 /PRNewswire-FirstCall/ -- The Board of Directors of Lincoln National Convertible Securities Fund, Inc. has declared a quarterly dividend of 17 cents per share. The dividend is payable on April 30, 2004 to shareholders of record on April 16, 2004. The ex-dividend date will be April 14, 2004. The Fund's SEC yield for the 30 days ended March 31, 2004 was 4.58% based on the market value of the Fund's common stock on March 31, 2004. 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, 2004, net assets under management were approximately $88.6 million. DATASOURCE: Delaware Investments CONTACT: Thomas Gariepy, Corporate Communications, Delaware Investments, +1-215-255-1495; or Investor Relations - Priscilla Brown, Lincoln Financial Group, +1-215-448-1422 Web site: http://www.delawareinvestments.com/

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