LNV Lincoln Natl Conv Secs FD

Lincoln National Convertible Securities Fund Declares Quarterly Dividend PHILADELPHIA, July 6 /PRNewswire-FirstCall/ -- The Board of Directors of Lincoln National Convertible Securities Fund, Inc. (NYSE:LNV) has declared a quarterly dividend of 17 cents per share. The dividend is payable on July 30, 2004 to shareholders of record on July 16, 2004. The dividend consists of 15.1 cents per share of ordinary income and 1.9 cents per share as a return of capital. 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 June 30, 2004, net assets under management were approximately $85.6 million. DATASOURCE: Delaware Investments CONTACT: Thomas C. Gariepy, Delaware Investments, +1-215-255-1495 Web site: http://www.delawareinvestments.com/

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